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Replies to #267127 on Monk's Den

Greedy'sAlterEgo

07/19/10 9:10 PM

#267131 RE: jim1234 #267127

You caught me on a drinking night, which is pretty much Monday-Sunday, so watch what you say. I believe you, though. And, Alan, I know I can have your back now.

chart-trader

07/20/10 12:53 AM

#267405 RE: jim1234 #267127

Alan, I really appreciate your honesty. Actually, I have to say I am impressed that you are willing to share this kind of information with a stranger like me but I really hope one day I will be able to meet you and the others and we won't be strangers anymore.

Even though you lost a lot of potential profit you are not by any means a small fish here with your current account.
I apologize for being investigative here but your story seemed almost unreal and I just wanted to check and see if you really had such s*tty luck on both accounts - disappointing the team members and losing money.

All I can say is wow - here you have people that own 5,000 shares of CDIV and when it gets 40% down they start freaking out and complaining that they are losing "a lot of money". If that's not a proof that "a lot of money" is a relative term then I don't know what is! :)

My philosophy protects me from daily oscillations and the "noise" that comes when things go bad - I invested the money I can lose (not that I want to) without ruining my life so I don't sweat in front of my screen all day long reading all the messages and opinions. I realized right away that "it's going to $2 next week" is probably not going to happen so fast so I consider this a long term play and whenever it decides to happen I will be around.
I also promised to myself that I will rather burn money in CDIV to the ground than to sell for a loss because somebody out there said I(we) should.

When we talk about the amounts of money you had in your account I can totally understand the temptation to realize the profit. It is very human and very understandable - it doesn't make it right but I am not one of those self-righteous people that always jump first to judge wrong-doers because they think they would never do something like that. So instead of judging you I will say that you are in position to easily redeem yourself here by doing the right thing this time and helping other members with your buys as opposed to dumping on them. Once you do that your bad move will be forgotten and replaced with good feelings and everything will be back to where it is supposed to be.

The fact that you are willing to show up in person and tell people about your experience eye-to-eye is a sign of honesty to me.

At this point what you say doesn't matter but what you do is all that will matter.

I wish you a good luck and a clear conscience.