Jimbo said Ascend was overpriced and going lower. His note is public and I like to make fun of him because he never admitted that he made that mistake now that he is late to the party and bullish. Anyone who buys AFTER a stock goes up more than 30% is just a momentum geek, not a guy who anticipates fundamental turns.
I do remember him being negative around 30 on the way down. As for being late to the party, and a momentum geek, because you miss the first 7 points of a rise from 23 to 49, this is just silly.
Is the same thing true about people who bought CSCO in 1994 at 28 after they bottomed out at 22. Don't ask me how many splits ago that was.
How about buying DELL or INTC or MSFT at anything but the gutter bottom?
You seem to imply that unless you buy at the gutter bottom, or ride the train down, then catch the rise, that someone is just a mo player. I don't buy into this.
The question I answered asked about the possibility of a telco taking over Ascend. That was the only reason I mentioned it.
Yes, you are right. I misread your message re: the Telco. But, the other buyout/merger candidates are very odd, except LU, and maybe if you streeeeetch it, TLAB.
But all funds, Index or managed, underperform intelligently managed individual portfolios, hedge funds and managed commodity funds.
The fact of the matter is that the last few years, every type of fund; hedged, commodity, whatever; is having a very difficult time beating the S&P 500 index consistently. And most people don't have the time or money to be involved in these things anyway, even individual stocks.
Gary |
