>>What happens when you buy 10 times as much of something at 10 as you do at 45, then sell 2/3 of your position @55???<<
robbie, as i said, some folks did just this. i thought this was clear. however, if you look at a chart that reflects volume you will see that MANY, MANY, MANY more shares were purchased (hint, that is what volume tells you) at the much higher values. while it may not pertain to you, it does pertain to the VAST, VAST, VAST majority of folks. remember, you didn't say you bested my return with your wrong view of gtw, you said the bulls did. i proved they didn't. the bulls lost a lot more on gtw than i did. one aggressive poster and gtw bull has not posted since gtw screwed him. perhaps he sold a ton of puts based on gtw's assurance they would make earnings this q.
>>Your preaching to me is funny...presuming to know what I understand and don't understand makes you look arrogant and stupid...<<
you are the one that said you were wrong. sure, you used quotes, but the facts back up your statement. gtw mislead people and said their business will be down next year. you were wrong b/c this scenario never left your keyboard. i presumed nothing.
>>Don't know who you are talking about there, but it doesn't apply to me...again, doesn't apply to me...<<
gloating about being wrong and making money seems to be the square peg that fits in this square hole.
>>And where were you whiners when the stock was at 60???<<
i was here. that was when the gtw put seller was thrashing me and making up losses that i didn't even have. you know, the bullest of bulls that is doing so well doesn't even post anymore.
>>Only showing up here to complain about the stock price...at least the longs aren't on here now crying about how the stock is undervalued...<<
perhaps they were struck with a little rationality. better late than never. don't hate the messenger of truth. man, the more things change, the more they stay the same.
>>You seem to have a real distaste for this company...<<
if i sided with misleading management then i'd have a problem. so, i don't.
robbie, let me give you two examples of what i call sleaziness - starting with the most recent.
1. an analyst said gtw would miss expectations. gtw issues a press release saying they were comfortable with estimates and the analyst was wrong. our fav bull here posted it and berated the analyst. 9 days later, gtw warned and said next year will be flat. as i said above, some folks may have sold a ton of puts on gtw's *word*. BIG MISTAKE!
2. a few years ago, gtw touted that a q was "in like a lamb, out like a lion." when all was said and done, there was no lion, just lyin'. gtw missed badly. Lyin' was used b/c it was a nice joke to go along with lion. i can't read gtw management's heart. i do KNOW it was wholly misleading
3. the accounting irregularities have been documented clearly by bill fleckenstein. i suggest you review his posts on this thread over the past 2 months.
4. there is a class action lawsuit accusing gtw of misleading their customers. while this proves nothing, it is evidence that gtw treats all people the same - be they investor or customer.
sure, shorts lost a lot of money. i never, ever, ever suggested anybody short this bow wow. why? the VAST majority of speculators in a bubble are not fiscally rational.
i did mention that i have done quite well over the past 14 months. i must also add that this dough was made long on biotechs. being fiscally rational and not sidetracked by greed (actually, quite scared of it after seeing how it has impacted most people's decision making process), i underestimated how outright silly people would get before reality set in.
being rational, i play valuation. depending on valuation, i'll play a stock. i have no problem valuing some stocks as undervalued and others as overvalued.
robbie, i'll be around. any insinuation that i haven't been around educating people on the silliness of current bubble stock valuations or the ethics of management at mu and gtw (and a few others) is way off base. i have the scars to prove it ;-)
btw, i've never accused gtw or mu of lying. rather they mislead. they often tell the truth in such as a way as to give a certain favorable impression. eg, micron said "demand for dram continues to be strong" during the middle of an as yet unannounced price collaps that resulted in about $1,000,000,000 in micron losses. demand was strong. but, alas, supply was crushing the strong demand and in the middle of a 75% collapse when micron issued that statement. kip bedard, to be specific.
old dogs tend not to learn ne tricks. gtw proved this to be true when they recently misled investors. |
