Post by noahltl on Oct 4, 2005 18:57:14 GMT -6
From Sterlings Classroom
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By: Bellingus
04 Oct 2005, 08:47 PM EDT
Msg. 261870 of 261871
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CMKX ~ Payday coming?
Everyone has heard the saying, “Don’t put all your eggs in one basket.” Long ago someone told me that conventional wisdom was not always what it was cracked up to be. That person then introduced me to a contrarian notion, which has the famous industrialist, Andrew Carnegie as its author. It goes like this: “Put all your eggs in one basket; and then watch that basket.” At face value it seems like a foolish approach to investing, but Carnegie was one of the top five richest men of his day and I’ve done well with his advice.
I first heard of CMKX last February reading one of Sterling’s long posts on Niz’s board. I read it at least three times and have to admit, I didn’t know what he was talking about. But I came to this board (back when it had only a couple hundred posts) and began reading. I still can’t say I understood everything Sterling has written, but I will say that I sensed he was on to something, and even more, that he was sincere. BTW Sterling, thanks for the tip. I took a decent position and waited for the squeeze play of a lifetime.
I never sold on the first run because I began to realize that this company actually had the goods and holding the stock long term would be far more profitable - I also wanted to keep the CIM dividends. I had no idea at the time the gauntlet we’d be forced to run.
It’s been a long road since last summer and I’ve learned a lot. I’ll admit that given appearances, things have looked pretty ugly. That leads to another quote by J. Paul Getty. He said, “Invest when there is blood in the streets.” Getty lived by those words as he invested in some small oil and real estate plays back during the darkest days of the depression. He parlayed those investments into billions. Another interesting quote by Mr. Getty was, “The meek shall inherit the earth, but not its mineral rights.” After everything we’ve seen over the past year that quote seems even more apropos.
With regard to CMKX, has there really been blood in the streets? It’s doubtful we ever know the whole story. But there sure has been the appearance of blood and that has afforded an opportunity for many to buy this stock at bargain prices. I more than tripled my position after we dipped into the quad zero range. With the larger position I became obligated to watch my basket even more closely - and that forced me to dig even deeper into the behind the scenes drama. I’m still convinced we will do very well and that things will begin to unfold positively this month. Several investors have reported selling the stock in the past couple of days at .ooo1. There is absolutely no reason for the MMs to be paying that price unless we are going higher.
There have been many debates over the past months. Scam or no scam? Revoke or no revoke? To Frizzell or not to Frizzell? The topics and rumors are almost endless and I’ve enjoyed much of the discussion here and off the boards. It looks like one of the final debates is, does the stock run or do we receive a cash settlement? I’ve always been in the squeeze or run camp. Many say that would cripple the market or ruin the economy. I don’t buy that for a minute.
People insist that with a rumored valuation of more than a trillion dollars, a run would ruin our economy and wreck the markets. I tend to agree. I also think that the team that brought us this far will release news of our claims gradually easing the impact to the market. We haven’t come this far to shoot our entire load in a single month – value will be released over the course of many months and IMO, will include an IPO and possible one or more spin-offs and additional dividends. For the time being I think we may actually see some sort of combination of a run and a lump payment – possibly disguised as a merger, tender offer or dividend. Does it really matter? If you’re in you’ll win. BTW, I’d love to see this all begin on Oct. 6th because that’s my birthday! I guess I’m beginning to ramble…
Congratulations to those who have stood strong! We’re just about there. AMHO.
www.ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=261870
« CLB01219 Message list | Reply to msg. | Post new msg. « Older | Newer »
By: Bellingus
04 Oct 2005, 08:47 PM EDT
Msg. 261870 of 261871
Jump to msg. #
CMKX ~ Payday coming?
Everyone has heard the saying, “Don’t put all your eggs in one basket.” Long ago someone told me that conventional wisdom was not always what it was cracked up to be. That person then introduced me to a contrarian notion, which has the famous industrialist, Andrew Carnegie as its author. It goes like this: “Put all your eggs in one basket; and then watch that basket.” At face value it seems like a foolish approach to investing, but Carnegie was one of the top five richest men of his day and I’ve done well with his advice.
I first heard of CMKX last February reading one of Sterling’s long posts on Niz’s board. I read it at least three times and have to admit, I didn’t know what he was talking about. But I came to this board (back when it had only a couple hundred posts) and began reading. I still can’t say I understood everything Sterling has written, but I will say that I sensed he was on to something, and even more, that he was sincere. BTW Sterling, thanks for the tip. I took a decent position and waited for the squeeze play of a lifetime.
I never sold on the first run because I began to realize that this company actually had the goods and holding the stock long term would be far more profitable - I also wanted to keep the CIM dividends. I had no idea at the time the gauntlet we’d be forced to run.
It’s been a long road since last summer and I’ve learned a lot. I’ll admit that given appearances, things have looked pretty ugly. That leads to another quote by J. Paul Getty. He said, “Invest when there is blood in the streets.” Getty lived by those words as he invested in some small oil and real estate plays back during the darkest days of the depression. He parlayed those investments into billions. Another interesting quote by Mr. Getty was, “The meek shall inherit the earth, but not its mineral rights.” After everything we’ve seen over the past year that quote seems even more apropos.
With regard to CMKX, has there really been blood in the streets? It’s doubtful we ever know the whole story. But there sure has been the appearance of blood and that has afforded an opportunity for many to buy this stock at bargain prices. I more than tripled my position after we dipped into the quad zero range. With the larger position I became obligated to watch my basket even more closely - and that forced me to dig even deeper into the behind the scenes drama. I’m still convinced we will do very well and that things will begin to unfold positively this month. Several investors have reported selling the stock in the past couple of days at .ooo1. There is absolutely no reason for the MMs to be paying that price unless we are going higher.
There have been many debates over the past months. Scam or no scam? Revoke or no revoke? To Frizzell or not to Frizzell? The topics and rumors are almost endless and I’ve enjoyed much of the discussion here and off the boards. It looks like one of the final debates is, does the stock run or do we receive a cash settlement? I’ve always been in the squeeze or run camp. Many say that would cripple the market or ruin the economy. I don’t buy that for a minute.
People insist that with a rumored valuation of more than a trillion dollars, a run would ruin our economy and wreck the markets. I tend to agree. I also think that the team that brought us this far will release news of our claims gradually easing the impact to the market. We haven’t come this far to shoot our entire load in a single month – value will be released over the course of many months and IMO, will include an IPO and possible one or more spin-offs and additional dividends. For the time being I think we may actually see some sort of combination of a run and a lump payment – possibly disguised as a merger, tender offer or dividend. Does it really matter? If you’re in you’ll win. BTW, I’d love to see this all begin on Oct. 6th because that’s my birthday! I guess I’m beginning to ramble…
Congratulations to those who have stood strong! We’re just about there. AMHO.
www.ragingbull.lycos.com/mboard/boards.cgi?board=CLB01219&read=261870
