Mark,
I'm just grabbing onto your post..
Got permission from Elk to paste this over here from the Raging Bull Site.......
pompous rider,
Your another one, how can anyone take you seriously? I have to admit, someone so self-righteous and so illogical, is highly amusing, so I won't ignore your posts. What I can not understand is how you have arrived at your high opinion of yourself. So far your predictions have yet to come true, and the inferences you have made are based on no rational or logical thought, or at least none that have been presented.
The one thing you tried to make appear of substance in your arguements is the reaction to the Eygpt release, even going so far as to post a link to a chart that supposedly strengthens your case. That chart shows exactly what is wrong with the 'reasoning' behind your post. You stated that it will be hard on the price if it emulates what followed the Egyptian release. Well it did not happen, for several reasons. Most is that the environment, both on a technical basis and market sentiment, on September 14 and this past week is greatly different. On Sept. 14th, every trend line for DGIV was going down, and at a rapid rate. Also remeber Oct 8th was they lowest point of the year for the entire market, LU was at 54 down 50% from a couple of months prior. When this occured at the low point it triggered a reaction that drove the price down, but the pressure down had been there since the late spring. When the pressure was released by the unusual occurence, which the market hates, panic selling removed any floor, and the price was treated harshly. So why do you use a chart that shows that your current opinion is counter-intuitive? The chart clearly shows that the trends are all going up, a newbie chartist can see that. It is clear that the pressure is to the upside, not the downside, therefore there was serious resistance to the drop on Tuesday. In addition, the market hates surprises, and this correction was not a large shock the second time around, the way it was the first time. Believe or not, people expect/accept that this can be a fact of life with DGIV. Those that refused to find that acceptable are gone, most the first time, and now a much smaller amount. Understandably a percentage sold out of frustration, its a natural reaction and each person has their own comfort level in any investment. Heck I am thinking of getting out of LU while its still over 100. I love the company, but I can not understand the way it trades, so my comfort level should be fine, but my ignorance is fear. The first incident shook many, and this took out even more. But to make the statements you did, shows either a lack of knowledge of charts and market sentiment, or just venom. There was also a great deal of pressure when the drop occured for tax selling purposes as well. DGIV, similar to many stocks that have had a large drop earlier in the year, experienced their tax selling early, in Oct mainly, due to the fact that many sold for a tax loss not based on the calender, but rather based on dollar amount lost. I find the conclusions you have drawn to date to be faulty and the logic spotty, so hopefully, you will engage in a rational, dispassionate debate, and help me see the solidity of your perspective.
But the real kicker for me and takes the cake is the preposterous idea that you actually know what is in that picture!gggg Since you did not take the picture how could you possibly know it is a PR about anything, or how would you know it's a contract? Why not claim it is Jimmy Chin's condo lease agreement? Or maybe a blank form or his son's homework assignment(then again I am presuming he has a son:-) Then again maybe it's not Jimmy Chin, maybe it's an imposter, maybe they kidnapped Jimmy and replaced him with a clone!ggg Is there really a Jimmy Chin? Maybe we can have a background check, do some DD on JC and see if he has birth certificate and soc sec number, there you go! That would be worthy of your talents!GGG
Sorry for the sarcasm, but you should put yourself into my seat and see how funny your posts read. Do not be hypocritcial, please support your statements with logic or facts, and I suggest that unlike the chart, ones that support, not contradict:-)
I have conversed with Mr Brotherson for over a year and a half, and have read his posts on SI, for a couple of years. I base what I say on having read his thoughts and tracked his positions on several stocks that he was pro or con, or changed as the situtation changed. I can state without fear of contradiction by any words of yours that he is a straight shooter and stands by every word he posts. I have seen him own up to any mistake he has ever made, and tell it like it is. I speak from a knowledge of what Mr Brotherson has endured that you'll never understand. And thats not even counting the investing agonies!GGG(OT wb:I still have nightmares about FLA:-)
For you to make statements that anyone who has been around know is false, undermines the the worth of all your words.
Stick to the facts, remove the hostility, state your opinon about the company or stock in a reasonable manner, with underlying facts or deductions, and perhaps you will influence some people into taking you more seriously, otherwise I fear you will not be effective in communicating your thoughts and find them accepted by the people you are here to 'help'.
Best regards and I hope we can continue this as a discussion, not a diatribe. If you are not capable or unwilling to, then that will show the merits of your previous position. If you do you may win some folks over and accomplish your stated goals.
PS -Your use of religious quotes, does not make anyone belive for a moment you are a pious man. Actions bespeak much more poetically then Words, would you not agree? I wonder what your next ones shall say about you, maybe they will even justify your high opinion of yourself, but if they emulate;-) your earlier work, I tend to be skeptical....
(Voluntary Disclosure: Position- none)
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