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  1. candleman is offline
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    Joined: Jul 2009 Location: Outer Banks of North Carolina Posts: 1,511
    08-12-2009, 07:46 PM #161
    Quote Originally Posted by julietoo View Post
    I think that would be me. The boat is leaving
    and I am not on it.

    Julie
    Julie, to each her own....but, I am not sure about it dropping to .46 again.

    But, that means that it will do that very soon, simply because I think it won't

  2. Sirius Roadkill is offline
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    Joined: Feb 2009 Posts: 1,882
    08-12-2009, 07:47 PM #162
    Quote Originally Posted by candleman View Post
    I think you could call us REALLY LONGS....
    no question about it . . the good thing is, you/we still have that great opportunity to average down . . even at current share prices . .

    the operational fundamentals of this company are better now than at any time in the past when we gladly handed over our cash in exchange for shares of equity . . so we should be even happier to do it now.

    the opportunity to add at these levels (below our average) may only last until this equity becomes "marginable" again . . then watch-out; any buyers right now are cash-only buyers . . but we are still a credit driven economy . . leveraging makes all the difference in the world . .

    how much would single family homes sell for if they had to be paid for in all cash from the buyer (no 3rd party financing; assume mortgages as we know them didn't exist and the seller couldn't hold any paper)?

    can't tell ya how many buddies of mine were thrown into a forced-sale when they couldn't make the never-ending margin calls that started sometime in September . .

    getting back to marginable levels will be very interesting . .
    Last edited by Sirius Roadkill; 08-12-2009 at 07:57 PM.

  3. candleman is offline
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    Joined: Jul 2009 Location: Outer Banks of North Carolina Posts: 1,511
    08-12-2009, 07:55 PM #163
    Quote Originally Posted by Sirius Roadkill View Post
    no question about it . . the good thing is, you/we still have that great opportunity to average down . . even at current share prices . .

    the operational fundamentals of this company are better now than at any time in the past when we gladly handed over our cash in exchange for shares of equity . . so we should be even happier to do it now.

    the opportunity to add at these levels (below our average) may only last until this equity becomes "marginable" again . . then watch-out

    can't tell ya how many buddies of mine were thrown into a forced-sale when they couldn't make the never-ending margin calls that started sometime in September . .

    getting back to marginable levels will be very interesting . .
    I've always been a cash guy, so the margin calls aren't a problem. I use a margin account, so I can swing trade, but that's the only reason.

    I've been a small business owner for over 30 years. Very small business, never more than 20 employees. But, I've managed to never take a business loan of any kind.

    I couldn't sleep at night knowing that I might lose everything because I had it leveraged. Other business guys laugh at me. I teach college level business courses and the students laugh at me. All because I don't use the borrowing money version of doing business.

    You know what? Let 'em laugh. I like owning everything and not being in debt!

  4. SiriMonkey is offline
    08-12-2009, 07:58 PM #164
    Quote Originally Posted by candleman View Post
    Julie, to each her own....but, I am not sure about it dropping to .46 again.

    But, that means that it will do that very soon, simply because I think it won't


    I know, it's stupid for me to wait for a .03 difference. I should be happy
    with the .07 or .08 and move on. After all a year from now we will
    be laughing at our hesitation in paying .50. I'm thinking positive.

    Julie

  5. candleman is offline
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    Joined: Jul 2009 Location: Outer Banks of North Carolina Posts: 1,511
    08-12-2009, 08:20 PM #165
    Quote Originally Posted by julietoo View Post
    I know, it's stupid for me to wait for a .03 difference. I should be happy
    with the .07 or .08 and move on. After all a year from now we will
    be laughing at our hesitation in paying .50. I'm thinking positive.

    Julie
    I don't know Julie, several people on this forum think we'll see the mid to low forties again. It's just hard to say.

  6. SiriMonkey is offline
    08-12-2009, 08:47 PM #166
    Quote Originally Posted by candleman View Post
    I don't know Julie, several people on this forum think we'll see the mid to low forties again. It's just hard to say.

    I know Candleman, it's just a guessing game. Either way all is
    good.

    Hope you're having a wonderful balmy evening.
    The sun is almost down here, beautiful day.

    Julie

  7. jonpluc@aol.com is offline
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    Joined: Nov 2008 Posts: 96
    08-12-2009, 09:51 PM #167
    Quote Originally Posted by candleman View Post

    You know what? Let 'em laugh. I like owning everything and not being in debt!
    Owe $1 Million, the bank owns you. Owe $100M and you own the bank.

  8. Sirius Roadkill is offline
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    Joined: Feb 2009 Posts: 1,882
    08-12-2009, 10:27 PM #168
    Quote Originally Posted by jonpluc@aol.com View Post
    Owe $1 Million, the bank owns you. Owe $100M and you own the bank.
    good post pluc!

    here's another one along those same lines . .

    Q: What do you call someone who buys a house with no money down?







    A: The tenant.

  9. MichGoBlue is offline
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    Joined: Jul 2009 Location: Ann Arbor MI Posts: 59
    08-12-2009, 10:39 PM #169
    Quote Originally Posted by julietoo View Post
    I know, it's stupid for me to wait for a .03 difference. I should be happy
    with the .07 or .08 and move on. After all a year from now we will
    be laughing at our hesitation in paying .50. I'm thinking positive.

    Julie
    Julie, I'm right with you, order in at .48, just needs to go down a pinch. A couple cents is only a couple hundred bucks on this buy. I would hate for a big jump with no pull back now. After a .48 buy, I'll buy another 5 cents lower or higher. I feel like I've got one foot on the boat and one on the dock.

  10. SiriMonkey is offline
    08-12-2009, 10:47 PM #170
    [QUOTE=MichGoBlue; I feel like I've got one foot on the boat and one on the dock.[/QUOTE]

    MiGoBlue,

    That's going to hurt when the boat starts to pull away. LOL

    I agree with you. Back into Sirius again. And you're right, it is only
    a few hundred dollars. I was overthinking this, just making work
    for myself.

    Julie

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