Wayne, you are right. . .I have not been following any pennies lately, nor have I been keeping up with many boards. I tend to track what I feel is working the best at the time. This week it was the A.T. and T. deals. . .by positioning myself in a place to benefit most from the moves and news, I was able to make an 8 percent gain on family ports of 50 or more issues. That is the most since the week of TUNE.
ALL:
To some here, an 8 percent gain might not sound like that much in a week's time. . .but try it on 50 stocks. . .let me know the minute you achieve it. . . you will be deserving of terrific praise. And for any remaining doubters, take a peek at the S and P, Dow and Nasdaq averages this week.
Wayne, so I'm just making excuses. I realize you don't come here all that often, and rest assured we recognize that and we have all added XSNI to our watch lists. If it continues to see strength, some will jump in. But you know that I don't pull punches. If we both told everyone what they wanted to hear, we would be working for one of the big barneys on Wall Street and making a mint.
But we call them like we see them. . .and that's why we are here on SI instead.
Funny thought came to mind. . .I owned this one recording studio in California that I managed, too [bad move]. . .People would come to me with these fat wallets and want to spend a fortune on making a demo for their little girl or wife or wannabe girlfriend or worse yet, a record company with their new "find". . .yeah, I could produce them a great demo, blah blah blah, but when it came to the question of "what do you think the chances of making lots of money off this new 'artist' is?" came up, I always tended to answer it the same way.
I said, "if you are not in this because you love it or you just have to be part of it, and you are mostly interested in making demos just to make it 'big' and make as much money as possible, then let me give you some good honest advice. . . .take all your money. . . put it on ANY horse in ANY race at ANY track and watch it run. . . the odds of you seeing a return of your money are FAR FAR better there than your chances of making any money in the music biz."
Had I just said "good" that studio would have thrived. LOL. . . I have always been most prosperous in the music biz when I allowed my managers to do the talking, because they could just say "good" and keep the cash flowing.
"Yeah, we can give you music that sounds green and smells springtime fresh and we'll write in a solo for your daughter to play some clarinet, people will hear this music and want to buy your product. . . just sign here."
Perhaps that better explains some of the answers I give people around here.
Rande Is |
