RE:RE:Loeb???
doggy - understanding ... We are dealing with a financial company here. Loeb himself may only see reports as they cross his desk several times each day. This "fund" I'm sure has set standards for doing business. If their standards/goals of ROI are not "up", they are gone - and they take their money (or what's left of it) with them. They live in a world we are not accustom to. To them a change in a stock price of 1/2 to .01 almost goes unnoticed. But, if their time limits have been exceed, for this investment, it is time to move on. Loeb himself probable does not ever get involved in the actual "clerical business" once he (and/or his committee of "gofers") has made the decisions. Now, we can compare "his" business of buying and selling of stocks and our (yours and mine). First, the amount of $'s (I think his company has a bit more than you and I - right? [may be not - if we add ours together - {but that means you have one hell of a lot more than I do} period]). You and I, and a few others on this bull-board, are just waiting for our ship to sail into port. Then we hope to retire. Right? Well, I'm already retired. I got into this penny stuff for the fun of it. For Loeb, it's just another day at the office. At the end of the day all the profits and losses end up into one "net" account. Loeb probable draws a monthly salary plus a "Bonus" at years end. You and I don't do that. (Well, maybe you do, but I'm certainty not at that level. You see, I don't own the bank here. They own me, and I just make payments to them way to often and way way to much!) Another comparison ... A local city hockey club, how many pucks do you think they own? To them when a puck (a share) goes over the boards and into the snow, what happens? They go over the boards and dig til they find it (at least we did when I was a lot younger). Now ... How many pucks do you think they own? Go on, take a guess. How many pucks do the Maple Leafs own? You can quit guessing now. My skates have been hanging on the wall for a long time. So have the: "should have", "would have", "could have's", and "may-be". The only thing the local hockey clubs have in common with the Leafs is the size of the hockey puck. The only thing we have in common with Loeb's is the size of the hockey puck too. If there are any "wannabee's" it's you and me. Loeb's are in a different league than you and I. They didn't grow to the size they are by "he could have sold ... at ...". Remember, you and I are a lot smaller in size than a hockey puck and by doing our buying and selling of shares on the TSX.V we will be lost over and over again in the "snow" banks (pun intended) until the next spring. But guess what?, some of us may just hold on until the next year(s) to witness TSX.V history repeat itself again, and again. The stocks may change names. The players (wannabees) names (sometimes) change too. The "winners" usually are the same players year after year. They usually have "Financial" ...so and so in their moniker. They have been known to: buy each other out, merge, change their names, and buy and sell "divisions" of their corporations to each other. But, go bankrupt? Only if they want to go out of business and sell their assets at reduced prices to their friends (me thinks for safety of secrets reasons [What's a billion among friends and associates? We are all in this together - right?]).