Steve,
The book is hardly closed on this stock. We may be in the final few chapters but, maybe - just maybe, a knight in shining armor might come and save this danzel in distress. I'm anticipating a fairy tale ending; ya know, "the meek shall inherit the earth kind of thing..."
The question we need answered is -- is this book fiction or non?
In regard to your very real (non) questions. I respond:
Yes, I do manage money for others. It is mostly private-personal and small-biz profit share plans. Not a whole lot, but enough to make me feel terribly overwhelmed at times. The internet and healthy supply of higher quality/specific trade mags has made life much easier then just a few years ago.
With regard to ALTS. I only have clients invested in this stock that have long-term investment horizons or are aggressive (or actually both.) I think it is only 5 or 6 at present. 1 or 2 of which may have, upon a bit of reflection, an uncomfortably large position.
I personally have a very large stake of shares at an avg. cost of about $3.25. The latest purchase of 6,000 at 1.50 sort of save my cost-basis ass.
I very rarely regret even the most disasterous stock selections. I have a method (like many) that keeps me (for the very most part)emotionally unattached. Emotions, I have learned the hard way, will often run counter to intelligence, sensibilities and prudence.
So, in a nutshell, I have no real regrets. Of course I will still cheer a stock on, and feel gratified when/if the end-all performace is desirable.
I recognize one thing (forgive my philosophical bent, today): The truth is never static -- its always evolving. So each day enlightens me to my foolish (yesterday's) assumptions about (in this case) the markets.
This (ALTS) book will surely get more interesting from here.
Dusk or Dawn?
-JH
P.S. I am in agreement that this company has little hope without a buyout, ar at the very least, a well-crafted refi/reorg. |
