Mr. Pink,
I believe credit should be given where credit is due. I had bought shares of CCSI back in November at a little over $10 a share, primarily on recommendations from others. These people put alot of faith in Skipard's recommendations, and they fell for the "story". I went along for awhile and I began having doubts with the "story". I had a real problem with insider selling. I posted my doubts on the CCSI thread in November 97, which was met with denial, sarcasm, shouting, and ridicule. I acquiesced. The stock continued to rise, I was happy but uncomfortable.
Then you began posting on the CCSI thread. I initially thought you were a nuisance, as your arguments were often juvenile. But every now and then, you hit a nerve which caused me to reexamine the situation. Short interest continued to grow. More shorts began posting on the CCSI thread. The longs were increasingly basing their positions on hearsay, "the deal". I was becoming more uncomfortable as the expected date for "the deal" was approaching. I began playing devil's advocate with the longs on the CCSI thread, to see if I could find a well thought answer to my doubts. I found none. Again I was met with denial, sarcasm, shouting, and ridicule. I began receiving e-mail from other posters and CCSI thread browsers, questioning my "agenda", it was ridiculous.
I decided a 60% return was a good one and sold my shares in early May at 16.5. I have you to thank for reminding me of the flaws that I had seen in CCSI in the past and for pointing out others that I had over looked. Had you not posted your views and lampooned the longs on the CCSI thread as you did, I might have had to go home and explain to the Mrs. where the money went (a fate worse than being locked in the same room with Eddy Blinker).
Anyways, thanks Mr. Pink, you are truly a cool dude in my book.
Freaky Dude |
