My sense with MNLO is that we will touch $1.38. With $86K now in hand to repurchase MNLO shares, I think the process will eventually unwind my ASNA debacle. But all I really care about is seeing things level out with respect to Covid-19 and I want to see our country back on its feet---steady feet, I should add.
Today's drop has little to do with the pending reverse split. People were nuts, expecting great numbers at a time when adolescents are hiding their shaming acne behind masks. And so many of their formerly employed parents are now dependent upon government handouts just to put food on a table in a bit of space situated in rented rooms without mortgage or lease cash in sight.
The split will worsen things for us longs, for sure. But with cash in hand from having divested myself of 44,000 MNLO shares yesterday and premarket this morning, I'll stand a good chance of meaningfully dropping my cost basis.
In the end, I'm confident we will come out of this period of extreme uncertainty feeling quite whole. It's really just a matter of time. If I can feel confident at the ripe young age of 80, most others here oughtta feel the same, right?
Things always seem darkest when we're nearing the end of the tunnel.
We will make it---we always have in the past and there's no reason to expect the future to be any different. For me the key is the same as always---
I need to accept things that are as they are and so long as they remain beyond my reach to control. The one thing I can control is my decision-making.
It's a lot like the Serenity Prayer which hangs on my office wall. I'm not a man of religion but this prayer is fundamental to my core belief system and I deeply regard it for its inherent value to all who choose to accept things not falling within their personal reach.
Anybody can Google the "Serenity Prayer," and come up with it, I'm sure.
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