Michael, The Realist is indeed on my ignore list (a long list with one single poster). The reason is quite simple, after about 30 of his posts, it became quite clear that I would be wasting my time reading his posts and more so, responding to. I don't mind spending time with posters question, when these are genuine desire to learn, or argue an opposing point, but spending my time on the Realist, is a waste of time and seems "beyond the call of duty".
From the little exchange here, I gather that he mentioned that in 1999 when VLNC had a fake run to $11 or so, I warned about CC's floorless' effect. The stock dropped subsequently to $4/$5 if memory serves. Then, low and behold, for reasons beyond my comprehension, Castle (CC) removed the floorless, voluntarily, that was my buy signal (just above $7). I dared changing my mind and declared instead of shorting to zero, this one might have life. I rode it (on and off as is my way) all the way to the mid $30 in early February 2000, and even left some on the table, oh between $30 and $35 (the stock did go to $40, I missed selling the top), and after one or two more attempts to get back in, in case the March mania in general was extended, stating at that time my belief that if such mania extends, VLNC could indeed reach $50 or so short term and maybe even $65/$70 longer term, and very long term, maybe a gross overvaluation in the $100 range. I got kicked out royally (my last loss was a solid $3.5 or so from $27.4 to $24(g, paling relative to the sizeable gain pocketed, and of course, true to my habit, recaptured those $3 and then some on the channel down <VBG>) , when $26 was breached (gapping down...), and have been quite negative since. His peeve, he stayed through the whole ride up and down. His additional peeve is that I am "vacillating" over the last three years, from "Floorless scare" to "to da moon", back to "the basement is the target", while religious believers in the Saga of VLNC like our visitor earlier today (da cheif), unyielding, held steady, through fire and water.... He'll be quiescent on the subject once VLNC goes back down of its own weight under $1 and to new lows, and on the next bump (from let say $.25 to $.75?), he'll be back trying to resurrect the dead.
I pride myself on the ability to change my stance when the market proves me wrong, it is the first rule of capital preservation, Mark Johnson prides himself of having the honor and fortitude to stick to his "due diligence" right or wrong, no mater what happens to his capital.
THis post was of course unnecessary and a waste of time, but too many posters were getting involved so I decided it is important to let everyone know what the "feud" about.
By the way, if the Realist is Mark Johnson, who is Steve Lee on this thread?
Zeev
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