Hi Thomas; thanks for the welcome, Man I've been busy, had to renew
my Radar and Marine Radio tickets, and that has eaten up 2/3rd
of my time off. I see Vupda inching back up, I've got a cost base
of 3-11/16th so I'm comfortable for the time being.
I averaged down when she hit 3-1/6th, then sold that parcel to
limit my exposure to 1000 shares, but it reduced my base cost.
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I'm bidding moov at 2-7/16th..I see she closed at 2-3/8 but I
didn't get any ? it may be because I use the all or none on my
orders..to avoid extra commisions..
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Can you tell me about the VUPDZ warrents, when can you exersize
them and at what price..I have never bought warrents..aren't they
sort of like call options ?
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Some people do not think the VUPDA-MOOV buy out is good, as MOOV
shows losses..but I don't think thoes losses are enough to really
hurt her going forward. MOOV is selling at about half book value
and that is what I'm looking at.
Both VUPDA and MOOV are good value type plays..if they combine
then operating cost go down a lot, and they get better deals
buying in quanity. In the long run VUPDA has to grow it's base
or get gobled up. Small chains take a back seat and have a hard
time compeating aginst Blockbusters..only a few small low overhead
mom pop stores in a good location can make any money aginst the
clout the big companies have.
It's like you have to be real small, or get real big..there is no
room in the middle, so I still want to see the VUPDA..MOOV deal
go through..or I will likly dump out of both of them.
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I will be leaving Tueday for another month, had a nice trip last
go round, hope the weather holds out for a while more.
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Man they are drilling, putting up oil platforms and running
pipelines in the gulf like a popcorn popper going off.
The little ole pass "BELL PASS" use to be kinda slow and easy
it's now the busyest going..day and night it seems there are
always 4 or more vessels going and coming at any time.
Oil companies are sure spending some of that windfall profit
they hid last year when oil was $25 a bbl.
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Jim
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