Replies to post #742 on Value Microcaps Pick Six Lotto 08 (PSL8)

[littlejohn]

Good job and it looks like experience helped you along some...LJ

[roguedolphin]

Congrats!.....look forward to more good picks from you, even from the short side where applicable!

[cl001]

Congrats R59! Nice write up of your background and investment style. Maybe you want change your alias to research08 now since
1. You won PSL in 2008.
2. You won PSL No. 8!
Your detailed DDs on VM board are much appreciated. One day I will trade some commodity futures, just like you.

[MikeDDKing]

r59, Congrats on the win and thanks for your comments. One thing I found of interest in your comments is that you have a software background. I wasn't aware of that. There actually are a number of people on VMC with similar backgrounds. My corporate career was also in software engineering. I also remember that gilead23 and tbone58x have software backgrounds. There probably are a few more with that kind of background that I either forgot to mention or that I don't know about. Also, if you broaden the scope to all types of engineering I know there are more people.

Mike

[zenvesting]

researcher59, excellent write-up! Congratulations on the win!

[valuemind]

Thanks for your honest explanation of your investment history and style. It is very informtive. My question: Can some of VMC pickers do what Warren Buffet do? Why?

[bbotcs]

researcher59:

You had the opportunities of 10 lifetimes, being a techie AND an investor in technology stocks in the 1990's. I have heard those DELL stories. One guy where I worked told me about another guy (an IT person, of course), who made $7M in DELL.

I hope you realize that luck had a big role in your success pre 2002. You were in the right place, at the right time, with the right knowledge. If you were born, say 15 years earlier, you probably wouldn't have been a techie and would not have known or cared about DELL.

By the way, you might be crazy. You do know this? I was crazy, but there is a cure. You start by selling maybe 20 stocks, followed by two more purges, over a period of say 18 months. I got down to about 50 positions, and am hovering around 60, which is 30 more than I want. Investing in VM's is a disease. What I do to control myself is buy maybe 100-300 shares, just to be a participant. That is what I did with SOLF, and with AYSI, to name two.

My IRA has gone from maybe 60 stocks to just 12. Having so few stocks in a portfolio gives me a feeling of control, of empowerment. And, you can really get to "know" your companies.

100-bagger on DELL. WOW!

bbotcs