To: eli74 who wrote (7192 ) 3/17/2000 6:58:00 PM From: Paul A Read Replies (2) | Respond to of 10293
eli74, thats a helluva a statement, and if you care to put money on it I may take you up on the offer.. although, it couldnt be based on VLNC since I really havnt made it a career to short the stock.. however, I would probably be confident that if I put money on it, and we shared transaction records- % wise I doubt you have done much better than I have moving in and out of stocks opposed to buying and holding.. but who knows? maybe your an incredible investor and average triple my returns.. but like I said, id be willing to put money on it should you care to take my bet.. As for taxes.. I have no problem paying uncle same what I owe him.. and I dont buy things like houses just to get tax breaks, and/or hold equities just so I don't get slammed with 28%.. thats silly.. if I make money? they can have their share.. my concern is growing my savings, and if I feel moving in and out is the best way to do it? I can write the check.. anyhow- VLNC was only being thrown around by me because of the relentless bashing of Bill.. One person I respect more than anyone on s/i, Dr Zeeve is very up/long on VLNC and I remember a few months back him and Bill were exchanging views.. but go back a few months and look at how they did it.. respectfully.. professionals.. They disagreed.. but to hate someone with such a passion simply because they are trading opposite of your position is simply ridiculous.. Bill was an incredible investor in my opinion, and yet people who respected him were subjected to name calling, and taunting by people like Koolaide, Mike, and mr Zimmerman. I never knew these idiots before they stepped into my world and spend endless hours attacking this thread and its posters.. Actually, Mike and Dan both have been very well known for attacking short sellers simply because they disagree with them.. I believe they actually enjoy starting trouble.. anyhow.. I would have been stopped out of VLNC today had I not covered yesterday.. and thats the game I play.. I believe this market is an over bloated pig.. period.. droves of people, im sure well over 90% who only know how to go long are just buying anything that their aunt or uncle is buying.. money is pouring in day after day.. so I go long, I go short, I go all cash.. but I could never in a million years consider staying in a stock long term.. ETEK, MCRE, IMCL, AAPL are probably the only stocks that actually sat in my portfolio for more than a month and that is unusual.. its just what I prefer to do.. but aside from a few bumps along the way, I have made a LOT of money.. and considering that 80% of my trades are shorts? I must be doing something right.. anyhow- this is my last post here.. the thread is done.. bill is gone.. and the very people who drove him away are the same ones who probably should have taken the time to read his wisdom.. you need balance in this game.. this party will not last forever, and as I have found out several times over my years of investing- its very easy to lose 2 years worth of work on one emotional mistake.. good luck to you.. and since im no longer short VLNC, I hope it reaches Zeeves target of over 40.. I just wish I had the brains to go long today below 30.. Bill and I differ in the sense that Ill even go long a stock such as KTEL if I feel theres a squeeze coming, or if following the herd will move it higher.. why not? Makes no difference to me..