To: SI Bob who wrote (26714 ) 8/8/2009 6:59:06 AM From: EL KABONG!!! Respond to of 32883 I need to check your alias history since you brought up JXM. Were you part of our SIPF crew on MSN Messenger during the bubble? I see your name a lot but haven't checked to see if maybe I know you better than I thought I did. I changed my alias and entered the SI Witless Protection Program because of all the stupid lawsuits that were being cast about with wide-ranging nets... 'Nuff said on that point... SIPF? No, I don't think so. Never used MSN Messenger, but I did have an ICQ account at one time. And yes, you and I did meet in Las Vegas at the IP. You were at the Let-It-Ride tables and your spouse was playing slots. Ah sweet memories... What happens in Vegas stays in Vegas... Speaking of Vegas, we gotta schedule another trip there sometime. My wife and I just returned from a two-day sojourn. I didn't do so well, but she covered my losses, so together we about broke even. Stayed at Paris. Harrah's picked up the tab for the food and the room, and even reimbursed us most of the airfare. So after tallying up gratuities, cab fares and miscellaneous expenses, the trip was a wash as far as costs go. Basically a "free" trip... As concerns JXM, I only know him as an SI regular and an all-around good guy... Saying that will probably inflate his ego, but... JXM: I know where you live, your real name and where your mother hangs out in her free time, so no cheap shots, you hear me??? <g>ACAS? I'm SO embarassed about that one and got dealt quite a bit of pain on it. Still own it. But am not optimistic and I'd never use the word "hopeful", as I think it's extremely inappropriate when talking about stocks. I looked at ACAS a couple of months ago, and even posted on the Value Stocks thread about it. The stock looks like a bona fide 5 or 6+ bagger somewhere way down the road (maybe 5 years or longer), but the pitfalls and warts are just way too numerous to justify on a risk/reward basis. So I've put them on a watch list. As soon as they get their problems under control (in default of current debts, no excess money in the coffers, no appreciable line of credit, etcetera), then I'll take another look and maybe buy a few thousand shares at around the current price ($3+). But for now they're off my radar.One of my biggest surprises, though, was having taken a sizable flyer on BAC and having it work out far better than I'd expected. I have an acquaintance that took a huge flyer on Bank of America back around the March lows. He also bought Ford and one other big company (that I can't recall) at that time. He made some mega-big bets and was rewarded handsomely for it. However, according to him, those big dollars only reduced his earlier losses. He's still not at break even for the past two years. He rode some big name NASDAQ stocks all the way down, some with 70% or more losses. Ouch!I know why you like when I post about stocks or options, though. When I post about a position I've taken, it jinxes it, so it's easy money to take the opposite position. You don't jinx the stock. The market will do what it wants. You just have a certain flair for stocks with warts. I guess you like to live vicariously through your portfolio... Anyway, I don't bet against you even though Smart Money lists you as a primary contrary indicator. I just know that the first time I wager 180 degrees opposite to your choices, Mr. Market will hand me my head. I just know it! So I'm not going there... EK!!!