Steve, Ali, Ric, and everyone else.
I'm long several thousand shares, and have been for some time. I'm firmly convinced that WCII has the best management team, business strategy and chance to succeed over the long haul.
I've been following the threads involving Jason Cogan and James Fink with some interest. I think it's important to understand the arguments against the stock, even though I don't agree with them.
Many of us have substantial portions of our portfolio's invested in WCII shares and (hopefully) have accumulated substantial gains. Since Winstar is such a volatile stock, I think listening to the arguments for a bear case are always useful. I agree that Cogan and Fink probably stand to gain from a decrease in Winstar's value. However, that doesn't mean that some institutions and hedge funds aren't using the same though process to decide on taking a long or short position.
What I'm getting at (in a roundabout way, unfortunately) is that it would be useful if the long term Winstar shareholders constructed a bear case, or at least a set of potential warning flags, that could be used to evaluate the Company's and the stock's progress.
I'm not about to reverse course and short the stock, although I sure wish I'd thought about it at $46. I guess what I'm trying to develop it a checklist that can help everyone here decide at any given point to hold, add to our positions, or to exit the stock.
Thanks,
Ken Goodman |
