Hello Medroogies,
Please understand that I appreciate your spirited defense of Oracle and NewEc. This discussion is useful, and your participation should be appreciated by all on this thread. Stay. You play two important roles:
(a) Challenge to our basic assumptions to keep us from becoming complacent
(b) Mining bird contra-indicator
I have a general description of the folks populating this thread ...
Message 15518593
and I am sure those here who do not feel this way will tell me so in polite terms.
I find your defense of why we will not lose money spirited, and I sincerely hope you are right, but unlike you, I cannot afford to be wrong, and so I must be more cautious, and follow my own rules ...
Message 15513633
<<1. That is a misinterpretation of LE's activities.>>
He sold, where as he did not before, not on this scale. A spin can be put on any situation, unless one only is given 5 seconds to do summation.
<<2. ... You said we all have the same information, but some choose to ignore it. As for the quotes you put up. How smart are any of those people? I don't know. I love Warren Buffet, but his silver venture didn't really do what he thought it would, did it? Plus, his record during the bull was hardly up to par. Abby Joseph Cohen has said to increase equity positions, and she's been as prescient recently as most people.>>
You are pitting Abby against Grossman and Buffet? No, of course not.
Buffet's silver venture cost him a few decimal places of loss, and his NAV will soon show a better annual return than most if not all NewEc tycoons.
<<Hayami is a blustering blowhard who is constrained by a corrupt political system, while Greenspan has managed this market and economy quite effectively. Read what you want into either one's comments.>>
I read "Jay, be cautious"
<<3. Well, if you're not so good with your short term calls, then we can all breathe a sigh of relief, right? I agree that market conditions currently would best value ORCL at $10.>>
That settles the short term portion of our original discussion started on the ORCL thread.
<<4. It will happen. Depends on the bull. I would like to see a depend-a-bull....sort've like the 1984-1995 bull market. The bull from 1995 on was a scary one that was consistently hard to figure out. But that could occur too. I just don't think it will.>>
Not sure what you mean, but I understand you have reiterated a call for the bulls return by January. Should that begin to look even possible, I will consider my actions in November.
Chugs, Jay |
