You state here that the high for ncf for 2000 was 18.15
"year ----- high ---- low ----- split adjusted
2000 ----- 18.15 ----- 10.68 ------"
I know the high was $21.15 because that is what i received ($7.05 times time 3) before the reverse split.
-------------- My source " The FP Annual Dividend Record & 10 year price range 2000 edition " states otherwise at $6.05. Your sure your not talking 2001 after all now is 2002. As in my other post to you ( # 2486 ) I added the 2001 numbers because I did not put them in the first post. At any rate we can dicker about reliability of numbers. I will recheck another source. Further it makes no difference to the point I am making. As per my other recent post for NCF it went from '93 low of 8.10 to a '94 high of 22.20. You can check other similar if you like. In a year that is a return of 174%. Averageing down ensures you get a peice at or near the lows and benefit from the rise when it comes. -------------------
I know that the price today for one share is around $12.00 that is a difference of $9.15
This is just an example but I know eight months after this reverse split, if i hadn't sold
------------ this leads me to believe that you really are confusing the years 2000 and 2001 for the referenced data because if you sold just before the split it would have to have been 2001 and the FP data is infact correct ----
I would be under water including sardines.Even considering averaging down it would take a long time to get the $9.15 back.
------- The point you were making was that the recovery in prices could and would definitely take many many years. I show with documented evidence that that is just not the case. In fact it could be as little as weeks or months though perhaps a year. And you make the same mistake as Lorne, a realized loss is not the same thing as an unrealized one. So if someone was stupid enough to sell and realize a $9 loss , good for him. The facts show that in as little as months or a year that would easily disappear and turn into a gain. So your original assertion that it could take many many years was and still is completely FALSE. And in the longer term , decades , months and year mean nothing they are but a blip. And a blip that should be taken advantage of. My above example of the '93 low and '94 high clearly show that capturing a peice and a good peice of that 174% gain more than offsets any 30% or 40% or more unrealized loss. Considering to that you can do that almost like clockwork from almost one year to the next. Add each of those together and the benefits and rewards are quite clear. ---------------
We slithering peon's make the market so that you can carry out your plan.. a point you disagree with BUT ..it's true!
---------------- My plan as you say, I freely have given the details of, and its documented real time follow through results of the last 9 months For all to benefit from. For all to verify. Since it is not buy hold alone, or trade , but accumulate on weakness, and further since I am not stupid enough to realize any losses the benefits of accumulateing are clear as with the rising from lows the unrealized losses just disappear. As for the notion I am benefiting from others wows is nonsense. Since I do not sell and for the most part I benefit from the income and accumulating thus getting more income and so on, I do not have to, like a trader, con joe average into selling the trust so the price falls because the trader shorted it and that trader is trying to drive the price down so he can rebuy and pocket the difference. -------------------
No need for the lecture at the end of your post,or that certain edge that you show that seems to piss a lot of people off here.I don't think i was giving you attitude,
-------------- Now this response is not a private response. It is public. So for it being a public message means it is read by all. Even joe average. Now what you see as lecture , edge or attitude is simply because some of the post is directed at you and some is directed to joe average who also read it. Now in the case of the latter part of my message it is meant to direct joe to if he can't stomach it don't get in it. ------------------
gg |
