Rocky, re: AOL
I haven't been razzing you recently because I've been spending a whole lot of energy working on squeezing some money out of my position in Iomega (as you can well imagine). However, I guess idle minds are the devil's playground, so . . .
1. Congratulations on making a nice profit on AOL. However, I wouldn't be too proud of yourself as you left $12 on the table on that one. I am neither long or short AOL, but you can't be naive enough to think that sooner than later everyone that paid $100 for this roach motel isn't going to get burned hard, are you?
2. Regarding your opinion of Iomega, I must admit that I agree with you on one point of yours. Iomega has a very poor relationship with the Street, and IMO it is totally KE's fault. However, you shorted it way too early last year, lost money, and made very little money this time when you went long, leaving $8 on the table. Not a terribly impressive track record.
It's funny, isn't it? Most likely, Iomega will be back up around $15 or so by the end of the year. However, it's unlikely that either you or I will profit from it at that point. Because you can't seem to trade it successfully, and I will have moved on to newer frontiers by then, cutting my losses and trading stocks just a wee bit more volatile. So much for watching paint dry.
In the long run, the truly long term investors on this thread will most likely be okay with this one.
I guess I just wonder why you spend so much energy on this thread. As for me, I have a good sized investment. So, that's my excuse.
What's yours? |
