RE: RE: Another Contract
‘Short story... long :)
When I do my DD on a particular stock …as I’m sure many of us do…I’ll analyze the play on multiple levels…from fundamentals, industry, management, insider activity, charts, calls to knowledgeable friends in same/similar biz/industry….you name it. And when I look at say management or insider trading activity …. their track record of success or failure …no surprise…is an important variable.
Same thing applies to posters on some of the boards I monitor. Find a few of the better posters are worth paying attention to…others ….either from their blatant pumping/bashing/generally useless info/intel…or less than favourable calls/predictions…not worth my time to read…much take their advice/predictions seriously.
Condor …recognize your name, as we seem to share/like a few of the same stocks…. UUU, PDN…and I was previously ATB holder. Also recall many of your posts over past summer and fall…seem to have a slight yet obvious negative bias…(except ATB that you have been promoting heavily). Zero interest in picking a fight with you Condor ..but ...for the record...note that sev of your recent predictions …with hindsight… were simply wrong.
Case in point. You’re earlier negative slants on direction of mkts, uranium, UUU, etc. …were all well off. One specifically I recall was back in mid June when UUU was trading about $2.20 or so…and I believe you advised you thought she was overpriced and due for another leg down …and you advised folks to wait and that you would be a buyer below $1.95. I recall this well as I had just seriously added to my UUU position about the $2.30 mark…which resulted in my average UUU cost going UP! I recall thinking…really hope this dudes wrong!!! And lucky for me…you were. UUU stock never dropped …and in fact ended up putting a bottom at that very level…and just get climbing steadily from there…to where it is today :)
Yeah…admit I was lucky that time….and Condor you could have easily been right on that call…or others…but you weren’t…because in my opinion you were trying to hard to buy at the VERY bottom …which we all know is pretty hard do/predict.
And…IMHO… think that’s exactly what you’re trying to do here with ARE.
From your posts…guessing you don’t currently own the stock…but are interested…and wouldn’t mind seeing it go a bit lower before you jump in…correct?
My advice …to you…and other like minded folks…unless you’re a day or short term trader…recognize the good beaten up value plays when you see them….and quit trying to time the mkts to absolute perfection...as it's likely not going to happen. If you have any doubts on a play like ARE…strongly suggest you hedge your bets and take an initial third or half position …till you see how things start to shake out.
Anyway…my typing finger is getting tired…and I need to get back to my real job…so I’ll let you good folks do your own DD …and decide where you stand on this play for yourselves.
Regardless …happy investing and GLTA longs!