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Saturday, November 11, 2006 12:02:14 PM
I am well diversified. GFCI is only 2% of my portfolio and they only pinksheet or OTCBB I have. As a rule, I rarely invest in a pinks. It was the prospects of the CTBG dividend that drew me in. At that time CTBG was trading more 10x the current valuation and the only official info. we had was the overly-optimistic prospects of Jet Motor. GFCI is one of 2 stocks I have right now with negative returns (other is OIS but the fundamentals remain stong so I'm 90% certain it will turn around). I have more than 30 stocks and mutual funds that have positive returns that are in double to quadruple digits in returns. 80% held longterm, 20% trading short-intermediate term. Just this Thursday I cashed sold 2,000 shares of SCVL for a little over $20K profit in little over a year.
Currently, there are a lot of deeply discounted bargins in the O % G sector like OXY, SLB, HAL (recently sold out), OIS (currently own by may add more), BJS, ENG etc. I am doing DD in these stocks and will be looking to add a couple of them to my portfolio.
As for Grifco, I'm neither postive nor negative about reality I can't control. IMO, it is the company that is riddled with negative results. That's the reality of it. Interesting to see how people on this board and RB that had been labeled as negative had been the ones that are right so far.
How can any reasonable person be positive about a crooked CEO who is a piss-poor manager, liar, and a shyster? I'm critical of the way the business is run and governed. I demand change and will continue to make noise until the change occurs. Also keep in mind that some of my over the top comments are said in tounge in cheek. Some people are unbiased enough to see that. If that gets characterized as negative or a basher than so be it.
I functiuon here as an iconoclast as much as some people play the role of the pagan apologist (you know who they are). Trying to keep the reasonable balance. I also still hold 100K shares in GFCI because I think there is value in Libiya a year or two down the road.
Being positive or negative about an investment is danerously stupid. Why get emotional about an investment. That's where people make mistakes.
disclamer: This is all my opinion
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