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Re: Thinman13 post# 1085

Wednesday, 03/07/2007 8:16:53 PM

Wednesday, March 07, 2007 8:16:53 PM

Post# of 5932
CUBA did well because of momos. It had nothing to do w/ Herzfeld's stock picking ability. Momos selected some Cuban securities w/ tiny floats and ran them up as Castro death plays. CUBA's price has been drifting back down because Castro didn't die. Should the news report he's near his death bed again, they'll probably run the price back up.

Herzfeld is not a billionaire -- a millionaire at most. He's a tiny fish who runs a relatively small fund. Sure, he's an expert in closed-end funds as are all the other guys who run them.

You also wrongly proclaimed before that he currently holds a NYSE seat. Have you figured out yet that they were eliminated when the NYSE merged w/ Archipelago back in 2005? Now, they sell annual trading licenses priced at $50K.


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"We simply attempt to be fearful when others are greedy and to be greedy only when others are fearful."
-- Warren Buffett