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Re: A deleted message

Wednesday, 06/22/2011 3:15:44 PM

Wednesday, June 22, 2011 3:15:44 PM

Post# of 173212
"I have extreem amount of BOOTIE!"




Umm, that sounds a bit like saying "I have a large @$$"...(But I get the reference).

I was LIVID when A&P pulled their stunt, and also pretty PO'd when Briscoe rolled over and gave them the shares. At that time I only had a modest number of shares, perfectly acceptable risk given the percentage of the portfolio. It still made me sick to watch shares I bought over a dime sink into the red.

Since then I have continually reviewed the facts and taken note of the newer developments. The only sensible thing to do was buy more. A lot more. The price beatdown courtesy of the Lichtenstein dirtbags allowed more accumulation on my part, and I now sit pretty with a few too many shares to call it a safe position.

Every great investor I have read in the last 40 years was willing to take an outsized position in a well-researched company with immense leverage, usually a little-known small-cap driven by trends unleashing over time. My instincts were 90% good when I got back into the market for real in 2008. I trust those same instincts now looking at the forces behind LBSR. Time to make some real cash...
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