Friday, August 13, 2010 2:06:09 AM
I almost completely stopped posting on CDIV board because:
1. It's hard to post something sensible every day
2. Nothing new to learn from bitter people that are down and those that enjoy seeing other people suffer (the "I told you so" people).
Happy 63rd birthday Mike :)
You obviously have quite a few years of experience doing this and I really enjoy your approach. You are very honest and say what you see - not how this is going to $50 and how your $1,000 will turn into 10 million which will buy you 200k car, boat, etc. Those that were the loudest here back in Feb - Mar screaming how they will make tons of money in a few months are probably long gone by now or turned into bitter bashers.
I really like that you said how somebody's 5k bid will not scare away any MMs from shorting. That is why the team is needed as a concentrated effort because it adds up. Not everybody has resources as Monk a few others but hundreds of people with 5-10k bids really adds up. The problem is that nobody wants to be red and there's a lot of people dissapointed with their CDIV investment so far so they don't want to invest anymore. I've seen it sooo many times... All they want at this point is to get to their initial investment back and I posted awhile ago how these people always lose in this game.
Patience is the biggest issue in these times where we have all info in the world available in the matter of seconds.
I hope your posts and commentaries will open some people's eyes.
I for one will definitely follow your thoughts.
Thank you very much for your effort in analyzing CDIV and riding the wave.
Hope this post doesn't get deleted.
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