Art, before you talk about my credibility, go back to that sorrow story board and read my posts, I was fighting the hypers just as much as I am fighting them on this thread, RMIL, NAMX and few other of the same ilk. I also had a clear "SELL" if it drops under five. Do not rewrite history, that is left to people of low character, and think more highly of you than that. You may want to know that the term IEI (Irrational Exuberance Index) was coined during my battles with Ron Reece there, just as I coined the term "floorless" during my early days on the Arakis thread two years ago, and latter on the EXSO thread .
You on the other hand still need to show me one poor stock that has issued a floorless instrument and did well thereafter. I have not found one, and I would like to find one, so I can learn ho to differentiate between the wheat and the chaff. Right now, my policy is quite simple, there is a floorless, do not touch the stock with a ten foot pole until the floorless is out of the way (converted). It will help your finances to follow a similar strategy where floorless are concerned, and do it indiscriminately, forget the dreams, the hype the promises, if it is floorless, dump it as soon as you find out. There are a lot of other situations not plagued by these nefarious instruments.
By the way, HEC made another new low before the end run.
Zeev |
