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Re: youssef post# 38000

Friday, 08/09/2013 2:24:10 PM

Friday, August 09, 2013 2:24:10 PM

Post# of 403061
Youssef - It is gambling in the sense of an uncertain outcome. But it is so much better than gambling in the sense of what you do in a casino. Here's why: About the best bet you can get in a casino is at the craps table. I have read articles in the newspaper where someone walks into a casino and gets special permission to place a bet of $1 million on a single roll of the dice at the Craps table. The bet is placed on the Pass or No Pass line. It is one of the very best even bets in the house. The odds are something like 51.4 to 48.6 in favor of the house. So that person is going to have close to a 50% chance of walking out the door with $0 or with $2 million. The article I read the person walked out with $2 million. Lucky guy.

We have the same downside. Theoretically, the stock could go to $0 although if it did it would be slower that a roll of the dice and there would be plenty of chance to recoup part of the investment. But the big difference is the upside. There is no limit to that. In the example above the guy at the casino could double his money. We can double, triple or even do better with our investment.

You might say there are other bets at a casino that pay better than even. True, but the odds rapidly escalate in favor of the house. Also, with the investment in CTIX you can mitigate risk by adding or subtracting from your position as new info becomes available. In gambling too there are games where you get new information as the game proceeds like black jack. But unless your a pro at card counting the house edge in Black Jack is about 8%. And you can never take any of your existing bet back based on the new information.

What are the odds CTIX goes up? I think they are excellent but to be fair no one knows for sure. Most people on here are already on the side of a winning trade. Could it go down - sure but that is a bet I'll take (and have). Every step along the way the company has increased the odds of success. At the casino, the odds are always the same for a given situation. You will be very hard pressed to find anything in your favor no matter how long you stay there.

I have decided that the odds with CTIX are now in my favor. So I'm staying!!! A little different than the casino where throngs of people stay when they know the odds are against them and always will be.

Besides it is a lot more satisfying to place your money in a company that can potentially alleviate a lot of suffering in the world than to gamble in a casino and most likely leave most or all of it with those who own the casino. Not that I haven't ever done that!
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