I will write this on the board for motivational purposes only. $JPEX is a special one and I will tell you a story that will blow your mind, and in turn let you see that we are not wrong here.
It starts back in 2005, I was still working on Wall Street at the time. When you work at Deutsche Bank, you hear about what every bank is doing, all bankers talk, we're like the gossip girls from the view, quite a way to lose brain cells listening to us ramble in code about everything. During one of our gossip sessions, a man by the name of Michael Burry from Scion Capital came up, this guy had confidence that the housing market was about to burn and crash and started shorting the housing market with specially made credit default swaps, which was unheard of for banks to do for a retail investors at the time. But he was putting up a significant amount of money to have them made. Well I decided to run that gossip back home, using the access I had to the inner working of the bank I needed to see what he was seeing. And bam I saw it. I called Michael Burry's firm the next day, I told him my position that I saw everything he was seeing, I told him I would risk taking out of my 401k and money saved just to go in with him. So I ended up putting 2 million dollars in total. And I waited, everything was back to normal as usual, then 2007, the beginning of the end, the housing market was taking a turn for the worse, I told Mr. Burry at the time, "I'm withdrawing, the crash is happening" he said, "No hold on" this is when I learned patience. So I waited a little bit longer and that is when every piece fell into place. Money, big money, was made. Mr. Burry sold hard assets during that time to keep the biggest short bet of all time afloat. And when it all came to an end the naysayers that were saying "the housing market is fine" "What a waste of money" so on so forth are the same ones that lost their jobs, had no money, and here I was made a secret side bet, and made crazy money, and yes I did lose my job, but who cares I came up on top, I didn't care.
The moral of the story is to be patient and don't give in to doubters, if your confidence and certainty is high, the rest is just noise. We are fine here in $JPEX. Keep the faith.
