KastelCo, <<Paramount's NAV Is An Estimated $4.60 Under Worst Case; $8.90 Under Better Case>>
Holy Geezus!
When I tuned in to the news last night, knowing some on the thread have a position in PMT, I felt:
(a) puzzled as to what was the significance of 'shut-in'
(b) bad as if my comrade in arms had been hit in battle
(c) anxious about what other land mines there are out there
(d) angry about offcialdom can do
I have considered my order of battle, and am sure I would not like any of the larger positions to go 'poof' by 35% at market open.
Unlike in the days of iDotCom and eSlashNet, a 35% hit on one position is not quickly made up by a 54% gain in another position. Money is MONEY these days, even if the FED is printing as if there is no tomorrow, and the yield is zeroDOTzero.
My take-away lesson is (a) diversify customer base, geography, time, and (b) take profit when able. The high yield is just a better cushion for disaster, but is not disaster-proof.
Ok, now we calm ourselves, collect our wits, check our weapons, and go forward, but close to the walls, looking all about.
What do you think about PGF?
Chugs, Jay |
