donnie, the last time we closed at $10 (a couple weeks ago), mr margin man called me. i had to sell 200 shares at $10 (didn't want to). since that time, i sold all my reg account. still hold my ira.
this hoopla will only have lasting effects (1 to 2 years out) if the distributors lose their excitement and passion for the biz. this will affect earnings which will affect the stock price. if they stay excited and motivated (thank goodness for kevin and his ability to motivate), the eps will be there and the stock WILL move higher, imho.
nfli covered all their legal tracks. imho, an unnamed person on nfli is trying to stir up all the strife he can and appear *credible*. imho, he isn't. he has an agenda. talking about a con man and misrepresentation of facts w/o on example. i called him on it and he ran away from his own misrepresentations.
i'm not selling my ira unless i believe something fundamental has changed about the business. no sign of this yet. i don't plan on it.
your opinion of the short sellers is extremely perceptive. i wouldn't doubt this at all. in fact, i'd say it's probable.
imho, in a year's time, we'll be having a beer at the nfli convention as to very happy campers :-)
your current margined position is of some concern. how low does the price have to close at before the margin man calls? if it is below $10 (common stock), i wouldn't be worried (though on never knows for sure).
unless you feel the business side of the nfli is going south i would try and cover the margin calls by sending in cash instead of selling shares (it hurt me to sell at $10).
if you choose to sell, i'd sell just enough to cover the margin call.
it sounds like this is going to be a good q eps wise. if so, then this problem s/b short term until mid october.
forbesii gave good advice, though. D-I-V-E-R-S-I-F-Y. i take HUGE risks when i put all my money in one stock. that's why i try to do it for the SHORTEST PERIOD OF TIME POSSIBLE (and this probably isn't smart on my part). remember, you are one earthquake in houston away from losing 70% of you money (more, if margined). highly unlikely, but not impossible. i have 50% of my total portfolio in nfli right now (i'm betting against an earthquake ;-)
another investment lesson is to be P-A-T-I-E-N-T. i've been burnt sevaeral times already this year b/c i got too excited (not just nfli). i know other posters who have been burnt big time. most people buy high and sell low. your job, if you choose to accept it, is to buy low and sell high.
learn those two lessons and do your research (you have done this on nfli - this provides the courage to buy when everyone else is selling)) and you are on your way to a successful investing career.
good luck and inspire those distributors - don't focus on the negativity. focus on arnie's success :-)
jeff
ps - i wrote it before i received the *news*
pss - how is the hot lead incentive working for you and your downline? |
