OutLook here - Seems longs are a little down today and I just wanted to remind everyone why we are here. Below is one of my favorite posts to date, from our friend Ciroc, which summarizes extremely well what we have all stumbled upon here with ECIG.
If I may opine;
“The best thing that happens to us is when a great company gets into temporary trouble. We want to buy them when they’re on the operating table.“
"Warren Buffett is an opportunist. You can generate decent returns from investing in high quality businesses at fair prices. Even better returns come to investors who identify high quality businesses in temporary trouble. Short term trouble can result in depressed stock prices which allow you to add positions to your portfolio at a fraction of their intrinsic value.
An example of this type of investment is Warren Buffett’s purchase of American Express in 1964. American Express stock had become extremely depressed due to a scandal. The company had written warehouse receipts verifying the legitimiacy of Anthony “Tino” DeAngelis’ barrels of vegetable oil. Tino used these receipts to obtain loans using the vegetable oil as collateral. The only problem was much of the ‘vegetable oil’ was nothing more than water. When the scandal was discovered, American Express ended up owing millions. The company’s stock collapsed due to the scandal. That is when Warren Buffett began purchasing the stock. When businesses show signs of distress diligent investors can get in at bargain prices."
This is a real company w/ real numbers, real product, real Management, real investment opportunity, & is really over sold. Weak hands & shorts might allow me to get to the million share mark, before the R/S & before ECIG is fairly evaluated & priced.
To those that have made their quick dollar flipping this stock on the action of the MM's congrats, I have been allowed to accumulate more shares on their action. Some have a very pessimistic view of the future, some of us have a very optimistic view of the future. I just find it funny that those of us that claim they have made a profit & are out, are now telling those of us that are longs how we are going to lose our shirts. Longs do have real numbers to back their claim, while others (thelyinwarrior) claim sub-penny come Tuesday according to his charts that are not shown & seem to be as accurate as my Magic eight ball in my office.
IMHO, Long & adding to my position! ECIG.
