<< if you are just so doggoned skeptical, why don't you find another stock?>>
I already answered this question. I'm skeptical about all stocks, those I own and those I don't. (For instance check out the current accounting debacle in SMTK, a stock I almost bought a couple of days ago just before it got cut in half. And there's DUSA, a stock I recently bought after it got sliced to 4 1/8 from 11 when it announced that an agreement for a distribution deal was - ooops! - not a deal, after all. And there's yesterday's WSJ article listing about a couple of dozen major companies that have recently gotten creamed by accounting irregularities.) What you should have asked is why, if I'm so skeptical, I'm in stocks at all. The answer to that one would have been that as a hobbyist speculator I've been able to nicely cut losses because of my ongoing skepticism as well as make nice additional money year after year. But it cuts both ways; e.g., I'm skeptical about the current negative feeling re DUSA and expect it to return to at least the 7's over the next months. One can be skeptical about negatives as well as positives.
Also, you write that it's obvious that I don't like this stock. (And with grand condescension order me to move on. Fortunately, it's not your directives that determine my buys and sells.) Well, as of the moment I own 19K, so there's more that I like than don't like. Apparently, though, your toleration for observations other than typical message-board cheerleading is limited.
And I still maintain, quick retraction notwithstanding, that a deal isn't consummated until it's consummated, and only then should a public announcement be made. An apparent 99% is not 100%. I wish you happy cheerleading and hope that the several negative aspects I perceive with this stock never fulfill themselves. |
