Hello Mr. Pink:
I did not question your "understanding" nor did I mention or disparage your research, which you have obviously done. What I said, and I quote, is that your "image" of management in "cartoonish" characterizations, fails to add to my -own- understanding of the REXI situation. But your latest responses do point out, certainly, that, for all your research, you have committed the investing sin of being "married" to a position (short or otherwise), and have been unable to disengage, and have let other opportunities in the last three months, slip away! When Resource America was pounding 8, 9, in October, it seemed obvious that going any lower was -not- worth betting on; and many, many opportunities (some day-on-day gains and drops we will not see again in 10 years) were missed by YOU as you tried to squeeze an extra $10-20K out of your position...to let many, many scenarios pass that could have meant $million$ to a person with your resources.
To worry about whether "Danny" is a fat "doughboy" while BAMM goes from $4 to $45 and back to $11...are you really 56, or 13 four times over..??? |
