Poor Leo's coming apart...Our poor Leo is coming apart...He made up some things in his fourth last post and thought he'd paste over that by not answering about them in his next three posts...OK, some points of my own.
- Leo said I have no money to invest...Unless he has access to my bank and brokerage accounts, I doubt he'd know about this...I guess he made it up.
- Am I an "expert," asks Leo...Well, dunno what he was talking about, but on some things, yes I am.
Leo then writes, "Sorry, one last thing Dimmy. If “funds” are buying why not take out the whole PP? Oversubscribe to it? Much quicker to buy $1.5M in a single shot than $15K a day. This is so easy."
- Awright, love the witty nickname...I guess Leo spends a lot of time watching that other super witty guy on Fox.
- Re Funds buying the "whole PP," well, they don't need that much risk. If Leo knew anything about Fund Mgrs, he'd know the idea is to beat your peers. Trying to shoot the lights out by strapping on a ton of risk is a good way to become an ex-Fund Mgr.
- Fund Mgrs don't put in individual orders. They give their orders to traders, whose job it is to buy the stock at the cheapest price possible...So if that means they get their orders filled over a longer period of time, painstaking trade by painstaking trade, so be it.
- Why would a Fund Mgr buy now, rather than in the summer when the PP was taking place?...Well, there have been significant News Releases since the PP - NRs that make it a more solid buy now.
All in all, I'm glad I didn't let Leo "educate" me at 7 1/2 , cents...I'd feel rather dumb if I'd listened to him.
Jim