Hello Zeus628, <<maurice is beating the shit out of you with his QCOM returns, don`t you think?>>
No, I do not. And I am not even worried ;0)
Why am I not worried?
Maurice and I go way back, to another exciting time, now only dimly remembered as the Tech Crash of 2000-2002. We have come through the mist of that time, leaving some painful memories behind, and are about to pick up some new horrible nightmares by traveling through the fog of collapse and down the spiral of despair.
We must learn, and then learn again, until we cannot absorb any more, or until we blowup :0)
My first post to Maurice, and in fact the first post to Maurice mentioning QCOM, is here Message 15410107 <<February 26th, 2001>>.
Do you see how right I was and am, and how wrong Maurice was and is?
At that time, QCOM was at split adjusted USD 40ish, Gold was at USD 266.2 NYC close, Platinum at around USD 600 and NEM was at USD 16 or so. Since that time, QCOM and NEM compare exactly so finance.yahoo.com .
Since that time, I had taken USD 8/share off QCOM via the tapping of frictional heat by way of options straddling and strangling, and I have probably lowered the cost basis of my NEM to next to zero through the judicious leverage of market energy achamchen.com .
My physical and certificate gold / platinum, which I treat simply as cash, except better versions of cash, is not an investment in the strictest sense, just as my other flavors of currencies, of the fiat dictate types.
My physical gold cash effectively ‘earned’ 15% per annum interest since the wise message imparted to Maurice, and my material platinum definitely gained 13% per year from the date of my friendly advice to the same Maurice.
Heck, even the grand complication platinum Swiss equation of time machine Message 17174383 <<March 8th, 2002>> has doubled from its original purchase date, scoring a 32% per annum deliberated gain. At the time Maurice was dwelling on getting a Lexus, which I had some role in thinking him out of the idea Message 17235656 <<March 22nd, 2002>>. The Lexus would be worth half as much by now, whereas the fondle value of the time machine achamchen.com gets better over time even as Swiss labour cost rises.
… and now, with a bit of unrealized gain, I get my Message 20380664 <<August 5th, 2004>> Lexus RX-300, since now is a better time than when Maurice thought so.
The fact that I am down for 2004 YTD achamchen.com is only alarming when taken out of the context of 2003 gains achamchen.com (22-32%, depending on how one chooses to count), and the down-tally of 2004 deliberately ignores some already-in-the-bag-and-soon-be-distributed-and-then-reinvested-real-estate gains, until such time that the particular cash is actually received in my hand and not staying in their wallets. I account conservatively.
The journey to TeoTwawKi is quite enjoyable so far, in the bigger picture frame, and the process of Collapse is per scrip, even in the details Message 15113604 <<January 3rd, 2001>> and minutia Message 18226135 <<November 12th, 2002>>.
What does it matter that the market zigs and zags, as long as it cannot escape the clutches of the growling one, gradually slashed to little bits, devoured in good time, and digested in awful way.
As long as Maurice does not sell, he is not free, and as long as he is not free, he is at the mercy of the life cycle of any and every tech company, meandering towards oblivion without passing out any material gain.
The partisans of all faith all end up the same way, each and every time, again and once more.
One more bear fcuk and then we continue our merry journey to TeoTwawKi.
The current market seems of the belief that, "If stupidity got us into this mess, then why can't it get us out?"
Chugs, Jay |
