HG, This should fill in some of the details
Message 15606840
No one knows how long and how deep this downturn will be, so even a company like ARBA with 400 million
in cash and not debt is a scary hold. The had the CEO of a company who sold out to YHOO on CNBC last
week he was the morning squawk box host, He sold his YHOO stock in late 1998, for 70 , it then went to 250
before falling this year to 15$. Haines, Kernan and Faber Praised him as a god.
in 24 months, They may be praising people who bought ARBA at 20 as being very bright if the economy and
the company have picked up by then.
back in late 1998 and 1999, Haines, Faber, and Kernan, made fun of Jimmy Rodgers when he was on every
Friday and said that this was a market bubble and it would crash in on itself. So when Rodgers comes back
maybe they will now see him as the smartest man in the room?? I know Rodgers working with George
Soros made billions of dollars with the Quantum fund.
Maybe a key lesson is that it's OK to be wrong for quite a while, so long as one is early.
Baron Rothschild used to say he always bought too early and sold too soon.
Oh yea, and I'm superstitious enough that the what every I tell you to do about ARBA the opposite will happen
in 12 months, so I'm not going to tell you -vbg- |
