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As usual you and people that sympathize with you, take the information that I posted and came to the wrong conclusion. Why? Because you FAILED TO ASK THE RIGHT QUESTIONS TO START WITH!
I did not get into LDRY in April.
I did not get into CD at 30.
I did not get into OXHP at 18.
For you to compare in any way, these companies to GLOW is...well I can't even think of a word!
Lets look at your post:
"I am astounded at your ability to take good things of others"- name a specific instance. I have not read one single post of a verifiable bit of information on GLOW since May 98.
"Discovered cooking the books (lying) about profits to the tune of $100 million dollars (so far)" Another bit of skewed research on your part. Cendant did not cook the books, it was CUC, but of course you would not know that since you do no DD. The old board has been fired and Henry Silverman has again taken control of the company.
"Jorden said her analysis of the company's efforts indicate Oxford will likely sustain further losses, but said she anticipated the
company would be in the black in the third quarter of 1999." Well at least you did some DD on this one. However who would buy or sell a stock based on an analysts statements. in this case they are not relevant.
But your last statement is the one that bothers me the most. "Now doesn't sound like another company's problem and solution? A company kind of like, oh, I don't know...maybe, GLOW? So if a losing a half a billion dollars in just three months is OK with you, why do you relentlessly beat GLOW down for trying to follow the same path for recovery?
Please, GLOW has never as far as I can see released any financial information to its shareholders since its incorporation in 1986. What else can you say? And GLOW has no path to discovery, if it does why doesn't management inform its shareholders?
Hypocrite is hardly the word you should use so harshly on yourself. Misinformed maybe, blind maybe, easily fooled maybe, unwilling to investigate the facts maybe, but don't be to tough on yourself. You will get another chance to lose money soon if you investigate your next purchase like you did this one.
Thanks for the time and, good luck
PS: you forgot that I have thermoelectron also. What is your evaluation of that? |
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