RE: Judging Olderwisernow's judgment92gftRicky you are hilarious. First I have said repeatedly: I can be WRONG. My opinions are only mine. Second: I have traded stocks, commodities, options, and invested short, medium and long term for DECADES.
This situation: HRG Get it Ricky: this situation: I see as an undervalued play on two counts: one to do with what I think gold will do over next while, and two this specific valuation here as it relates to HRG cap.
You my friend get all worked up, because I think on this situation you are vague and unclear at times.
If you think that after all the time I have spent in these markets I think there is only one way to invest, smoke a bit more my friend! roflmao
If you think I believe you are egotistical, and think your methods are somehow certain, then perhaps you are closer to the facts.
I could care less where HRG was a year ago. It is history. That is TRUE.
Was it near bankruptcy. Of course it was, that was the major issue.
Is it now. I think not at all. You may differ on this.
Am I long here now. Yes as stated. In your words very long, but remember Ricky, it is all relevant to what you can afford and risk.
I do not require any other people to confirm, agree or do anything. However, IF they happen to express such then it is a fact. Obviously here, there are a few with similar thinking. Just a fact of life, that any read of posts here will confirm.
I never ignore TA. I use it when I feel it applies. In fact, I ALWAYS view the charts and certain studies.
Do I think TA is the answer always? NO It works sometimes.IMO Usually more in Bull, friend is my trend markets.IMO
It does not so often call the turns, it does not often work in these sorts of situations.IMO That is my opinion. You can use whatever system you like, and believe whatever you like. That is what makes a market.
My case is sooooooo simple, so I will say it slowly....... I think HRG is UNDERVALUED. I therefore have speculated on a position which wins if I am correct, and it moves up substantially. My ACB is low now. Can it be more straightforward than this????? No ambiguity here, no confusion. I think HRG is a buy anywhere in this range, as I think a few pennies either way will make little difference. But of course, nice to have bought at the lowest price.
Now Ricky, you go out and have a glass of Wine or something and bring in the New Year with a bang, and I hope you can get on board HRG at whatever price you like, or not as the case may be.
I predict: HRG much higher over 2009, along with gold. Does it happen? Let me consult my chart, mmmm, I see it!
LOL Happy New Year ALL.