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Re: stolpen post# 103462

Wednesday, 05/04/2016 6:55:27 AM

Wednesday, May 04, 2016 6:55:27 AM

Post# of 163716

it's hardly considerable as professional money management to loose enuf to now see a purchases of 1250 shares at $5 in the vicinity of 10% of the portfolio as much of a success in growing ones capital or?



That depends. I have to withdraw $2,000 every month because I have to live.

I've said many times, the jury is still out. I had 3 "bets" going the past 6 months and I needed ONE to perform. Then I would be able to buy a truckload of SIAF now. Unfortunately, none of them have reported the 10-K yet. NONE. The odds of that has to be less than 1% oe 2%.

And then, I should have been paid a dividend on a number of other stocks I owned at some stage in the past. They didn't, and those stocks crashed.

So I haven't had any luck. The only luck I had was when ECAB came to the rescue in 2014 with more dilution.

And then consider I lost close to $50k on put options the past three years. Probably paid more than $20k in commissiom. Despite all that, I'm still up 20% net in the China space over the past 4 years.

So I think I have done pretty well considering the circumstances. I even had to sell 10k shares of my favorite stock so I could double it at Chad's company, otherwise I wouldn't even be able to buy SIAF today. So I am happy about that trade at least.

I think the main problem is, people are not buying my top picks. We could all be winners and now we are all losers. That's just great. But like I said before, the jury is still out.

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