OT Nicmar,
I'm one of those that barely got out w/my shirt after our sole analyst dropped coverage over an embarassing moment when he could not explain the run-up. I was working in Baltimore at the time and was not able to watch the market at all that day - and when I checked that evening it seemed like it was October of 29 (uh, three years before my dad was born).
I was so thankful that while I was sitting on a nest egg I never imagined I would have, I had been approved for a loan on my Missouri farm and was still able to scrape up enough to close on the loan by exiting completely after satisfying all the margin calls. What a hard lesson learned.
I bought back in slowly for the Ericson settlement and was able to take profits and get approved for another loan for an addition to my farm. Profiting enough for a 20 percent down payment on a loan is not the same as winning enough to pay outright, but I'll take it. Life is so short and very few of those opportunities come around.
I commute each week from Silex, MO to Jacksonville, Fl to pay for my dream come true. Back in again and hoping now for the opportunity to pay down those loans a little bit faster, and hopefully get off the road alot sooner.
My original farm is worth nearly three times what I paid for it back then, so I can still say the IDCC investment provided a wonderful lifestyle change, and what I consider the opportunity of a lifetime. This time around I am in without the use of margin, and yet leveraged a little with call options and leaps.
I'm taking all next week off for vacation to do my first cutting of hay for the season, and hoping I have this extra cause for celebration. Either way - up or down - I'll be perfectly happy on my tractor - feelin sexy and trying out my new toy - a used New Holland 256 five bar Hay Rake w/dolly wheels. It's the small things in life that really count.
I know I've chatted with you in the past, and I know you'r just across the river somewhere in "God's country". It's good to see you posting again, even though I'm not sure you remember me.
