Subject: stuff
Riley, you are so right about not worrying about dates.
Reminiscing about the Iomega squeeze, (take a look at the chart) there was a
long wait. Sad but true. There were false starts, enthusiasm about runups,
and disappointments about downturns. Some news would come out and there'd be
a buying spree for a day or two, then some apathy and negativity would
settle the price and people would be gloomy.
I know a lot of folks got fed up and moved on. Others bought more. Everyone
does what they think is best. But, in time, the wall was broken and a stock
that cost a buck or two went on up to a pre split value of a couple hundred
bucks a share.
Nobody can know when it will happen, it is a process not an event. All the
things happening on RMIL are part of that process. Even the bad stuff. Sure,
you kick yourself in the butt when you buy a little higher yesterday than
you could today. Sure you get frustrated about the paper loss, but that's
all part of the squeeze process too. Other people in other sqeezes have felt
the exact same way. Some son't have the stomach for it. Some do.
Riley, it's happening here. Threats, Frivolous Lawsuits, Bashing, the
drawing of sides, harsh opposition, press releases - It's all happened
before. This phenomenon isn't new. RMILers feel like they are unique in
history, but they're not. It just feels that way. This has all happened
before. And guess who won? The patient shareholders, and the accumulators.I
remember being amazed at my friend who held and held Iomega. I even tried to
talk him out of it. I tried to get him to sell, because I could see clearly
that their fundamentals didn't reflect their price. That was because back
then I didn't understand what a real squeeze was. Fortunately my buddy held,
and made thousands of percent return.
I know this is long winded, but I just feel frustrated on behalf of the
folks who didn't know what they were getting into, and I'd hate to see them
take a loss on emotion and misinformation. |
