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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (62102)4/16/2005 10:59:19 PM
From: Maurice Winn  Read Replies (3) of 74559
 
<I don't give a damn about you, per se, but I do feel compassion for those that are destroyed by your selfishness>

Hey, that's not very nice CB. TJ is a Daddy and it would be a great shame if he failed and was not able to nurture his responsibilities.

Also, TJ doesn't destroy anybody by his selfishness. I don't even think it's fair to call it selfishness.

As a counterparty to TJ, in the case for example of me having to sell my beloved QCOM to him because I misjudge reality of the investment and my personal financial situation, it is not he who destroys me, but he who saves me.

As I mentioned in the other post, if, when I finally, belatedly, and foolishly decided to sell my beloved Globalstar shares at 25c with a view to buying the Senior Notes, there had not been a speculating counterparty to the trade, I would have got zero for my property. I would have been sadder.

Jay acted as counter-party in Global Crossing and bought some debt at a high price, only to see it sink to near zero. He saved the remnants of somebody's bacon. That was GOOD for the seller.

I was just wondering whether I feel the need for compassion in regard to my vast loss in Globalstar. I don't. It was my own blunder in analyzing the company. There is an aspect in that I was somewhat misled by the "on plan" claims of Bernie Schwartz, but even those I was partly taking with a grain of salt. I don't need compassion for my loss to the shorters but thanks for your thought.

Come to think of it, I do feel somewhat sick that Anthony@Pacific might have been one of the shorters who sold me that dirty great Tonka Truckload of Globalstar shares. Groan. That does make me feel poorly. But even then, Anthony@ was taking his chances and being a speculator - he could well have lost. He's in prison and I'm not, so maybe it's he who needs more compassion. Giggle...

Mqurice

PS: I give a damn about you TJ. You are a wonderful Daddy and I hope your burgeoning blossom doesn't drag home anything too hideous in a few years time to cause you psychic trauma. You WILL need compassion in that case. I hereby offer it in anticipation.
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