SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: signist who wrote (2352)8/30/1998 10:02:00 PM
From: Mr. Pink  Read Replies (4) of 18998
 
Dear Mr. Lo Bianco:

Trust Mr. Pink He has taken worse licks than you will ever know. He lost close to $7 million in Apria Health and nearly $3.0 million in Indepence Savings Bank this year alone. Believe Him those losses hurt and He had worse than a daughter to tell about it, but His investors who are quick to pull a trigger finger at the first sign of trouble in a manager. Sir, the market is no place for sentimentality or emotion. You messed up, big time. So has Mr. Pink, even bigger time. In retrospect Mr. Pink's mistakes were just as stupid, if not stupider than yours. In the case of Apria, Mr. Pink bought into a deteriorating business in the hopes that it would be bought out. Instead the business fell apart further and andy possible suitor was scared away by possibly the worst management team and Board Mr. Pink had ever seen.

In the case of ICBC Mr. PInk even met with management and felt these were some of the most inept and arrogant managers He had ever witnessed yet He stuck around because he felt a share repurchase would levitate the stock. He was wrong and so were you. But instead of whining and sharing your absurd and embarrasing letter to your daughter with the other losers that got cleaned out by the Israeli con artists, you should be rethinking your investment strategy and learning from your awful mistake.

First unload that piece of crap MRVC first thing Monday morning.

Second wake up and ask yourself "What kind of market are we in?"

If bull, look for some truly undervalued securities that have been beaten down in the market.

If bear, get off your ass and start looking for some dogs like MRVC and SHORT THE SHIT OUT OF THEM!!!!!

If you feel that you do not have the skills to evaluate a good from a bad investment, then take all your money out of the market and start reading a few good books.

Start with Reminiscenses of a Stock Operator by Jesse Livermore
Read Joel Greenblat's book "You Can be A Stock Market Genius..."
On shorting read Financial Shenanigans by Howard Schilett
and The Art of Short Selling by Kathryn Staley.

You will get no sympathy about your stupid story from Mr. Pink; you will get some sound advice, tough love and encouragement to go out and kick some ass in the market.

If you stop whining, blaming management, blaming the market or Mr. Pink for your problems, it is the first step to going out and beating the market. Now get tough and get rich. Good luck to you.

Mr. Pink
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News