To Steve168 and jeffrey bash. I have been trying to frame a reply to you guys all day, but I can't get my feelings sorted out here.
The buy-below-cash strategy seems to be working in most instances. Steve168 seems to be able to move among various businesses sectors to put a few concentrated bets down on selected companies, biotechs now I guess, that seem - for some reason I cannot understand - to soon sustain enormous (in %, and in my experience) up movements. Maybe it's the market we're now in; maybe it's just my impression, maybe it's fortuitous company news; maybe it's investing skill. The bets are concentrated (big) though - I am given to understand by posts here - and they are working. I admire the guts.
I'm in some of these stocks for a bit too. (Still holding VICL. My bet is small: I really can't evaluate the biotech business models, nor the IT models that some of these below-cash companies have. I even have to hope some of these money-losing companies do have business models, other than the loot-the-company model.)
I've been a long-term holder of SEMI, so I'm aware of the stock's rise, but even after being in this stock for a couple or more years, I'm still not familiar enough with it or the business to have predicted or surmised that the stock price would be moving up. And so much(%) and so quickly. Certainly a nice call. As have been your previous ones here, if I remember correctly.
I don't have anything in my arsenal that I can offer as a favorite that I can see come anywhere near the results of the two picks you two have mentioned. I SHOULD have something to offer, given the number of stocks I own or that are on my watch list. Hah! I did have a wonderful little net-net (selling @ 2/3 of net current assets), p/e 4, dividend instituted -- that I would've liked to have suggested here. A microcap Chinese mfger that traded only a few hundred shares per day (and that just popped in price this week). In two weeks of trying I couldn't accumulate more than a few hundred dollars worth of stock though.
I have the impression that I am doing better following the ideas presented here by others, than others would be doing if they were to follow my ideas. -g- |
