I'm no Dr. Phil, nor have I stayed at a Holiday Inn express lately, but I've bartended for several years and have heard the world's problems through the eyes of the intoxicated. From doctors to ditch diggers, lawyers to loan sharks, I've just about heard it all. Most jargon consisting of whimsical nonsense, but I have also had the sparatic pleasure of receiving some fairly good advice and have made life long friends out of once perfect strangers. As a matter of fact, a CPA walked thru my doors one afternoon in 1996 and began talking with a local investment broker about a company soon to be advancing a drug which could possibly cure certain effects of Alzheimers. That company was Cor and I purchased 10,000 shares the following month on a hunch that the two fairly sharp dressed men knew what they were talking about. If I remember correctly, it was trading in the .50 cent range, about where it is now. I was lucky enough to see it run to the 8-9 dollar range and I made some money off of the old girl. It was off my radar for years. I randomly began watching it again about 4 years ago and when I saw the ADHD progression it seemed as if it was time to get back in. It's been in and out of my portfolio ever since and it brought me here to this board where I have learned a great deal.
Why do I mention all of this, well it seems as if you are having a bad day and I thought my ramblings may lighten the mood.
The excerpts you bring to attention are all very depressing but are probably unique and isolated cases. It appears to me, that the actions of these seemingly self righteous individuals appear to be more selfish than selfless. Our country is spoiled and needs to be humbled a bit. This economic turn will certainly do that. When times get tough, it's not time to murder your children, it's time to swallow your pride and get your damn hands dirty. Unemployment is increasing, yet I have constant problems filling low level positions within my companies. Jobs that were once considered acceptable and a decent means of making a living are now looked at as unsavory, beneath people, and left to the transient or lower class. Everyone wants to take the escalator to the top, noone wants to climb the stairs anymore. Don't get me wrong, I'm far from happy with my investments as of late and I've lost most of my life savings in Cor, but I could have just as easlily lost equally as much in a presumably safe mutual fund. It was a bad week for us, but the picture remains clear. Cor has what someone else should want. Unfortunatley we probably won't get the upfront cash it would have fetched months ago, but BP's are liquid, they are cash rich, and if this indication is as valuable as some say, Cor will have its day and get the cash it needs to advance this drug. The reset button has been hit on this country's financial system and it will take some time to gather momentum again, but it will. The growth economics built on smoke and mirrors within our financial systems are no more, victims were taken and will be taken again, this country will have to go back to sustaining growth from sound fundamentals. Cheer up, another year with this company should bring us more wisdom and hopefully with that more wealth.
