OT--I think LoF said he is not a trader but more a holder. You need to be a trader to do those things (i.e., sell SDLI, wait for a dip, buy back, lather rinse repeat, etc.). I think GBLX is a hard call. It may be a great buy, but maybe not. A few months ago (GBLX was in the mid-50s), when rumors were flying that they'd get bought out by DT, the stalwarts on the GBLX thread were worried--presumably cuz they anticipated GBLX gaining a lot more than a takeover premium as an independent. Well, value has been more than cut in half since then, and insiders have unloaded hundreds of millions of dollars worth of their own shares--at $33. Does not sound like a strong vote of confidence for an imminent rise to triple digits, BWDIK. Issue now back down to mid-20s, where it found a ledge last summer before the Gilder tout that punctuated an assault on its ATH. Now back down where it was. Probably the upside potential is greater than downside risk, IMO. But I just find the carrier biz hard to get a grasp on because of their leveraged models. For one who understands the models and can invest confidently, more power to them.
Good luck to LoF |
