Count .. I, like Chris, have gone against any advice we would ever give our clients and put close to 100% of our investment into one investment, IDCC.
1. Please explain the logic of how that makes you more objective about IDCC than someone who has 1% (actually more like 5% now since I have cashed in a good bit of my portfolio).
2. Please explain why you still have 100% of your investments in IDCC given your negative conclusions that result from asking "logical questions" and closely examining "substantive issues" in light of these comments in your post: Every day I decide if I want to invest in IDCC. To do that I need to analyze the current information. I read and ask questions on the board to get opinions from others. Those that state their premises and explain their thought process help me shape my opinion. Who has more blind trust and loyalty in IDCC, you or me?
3. If I understand you, you believe that Wall Street and institutional investors are far superior to any other group, including Jim’s IDCC board, when it comes to investing. So what ever they think is right and everyone else is naively fooling themselves. No, you don't understand me, not even a little bit. I never said Institutions are far superior. All I have ever said is that they have by far the most money to invest and pretty much march to the same drummer. That means it is highly unlikely that any stock will come close to reaching its potential without meaningful institutional ownership. I have tried to make the point that the opinions and analysis on this board come almost exclusively from individual investors. As we have seen they can carry the stock price only so far and are highly volatile to both the upside and downside. I have been trying to make the point that that no matter how accurate our analysis, the stock price going forward will be primarily driven by the analysis of the sell-side analysts and institutions, not ours. I have stated that IMO everyone's DD is incomplete without a close and continuing monitoring of what this driving force is thinking. If that makes me arrogant and suffering from "Ivory Tower syndrome" then so be it.
4. Sorry you took my "CPA syndrome" post so personally since it wasn't meant for you. I was trying to take a somewhat lighthearted approach to letting Chris know he had crossed the line BIG TIME. If I had stated how I really felt I probably would have wound up in I-Hub jail.
Regards,
Danny
