DNDN: A device converting copper into gold is showing positive results. However, the rate of conversion is unknown. After all, a $1 Billion check being cashed at rate of $1 per year is very different from a $1 Billion cashier's check. Armies of regular soldiers, bandits, rag-tag's, farmers etc etc are surrounding DNDN in expectation of a huge spoil. Some of these soldiers, especially rag-tags and bandits, are selling blood in order to raise ammunition. Most of them only have food till Mid May. If the spoil turns out to be small, or the strong regular armies decide to hold the spoils for a month, many of the red-eyed soldiers will fall ...
LVS: Very good at inventing temptations that are resistable to commons. Good at inventing slogans like "Spend more and Save more" etc. Camouflage is its specialty.
AIG: Recently adopted by the emperor and protected by royal army. Very brave for anyone to fight against it. Courage definitely outweighs intelligence for the challengers.
ITMN: Another device invented for turning copper into gold. Still being examined to determine how fast the conversion rate is ... Armies of soldiers are gathering for May decision...
I love this fun very much. You are finally getting out of your Buffett attachment (sorry but you are no buffett and it doesn't appear that you possess what makes a Buffett) and into some fun in life! Way to go, my friend! I want to turn rocks, not copper, into gold, and the flip side is I shall lose my shirt and underwear! I take it any day of the light but am willing to take no light of the day!
If memory serves me correctly, there was one day upon which DNDN and WFC were at exactly the same price. I posted about it and stated publically what would happen. I lost big time on my WFC puts as well as calls (both because of panic actions). Let me give you this bold prediction: DNDN's pps will be at 4-digit (leave alone forward splits) in 10 years conditional on Provenge gaining market lisensure this May as opposed to WFC's never breaking out of a 3-digit pps! DNDN will go directly into BK if Provenge is denied full approval again and I am willing to end my WS participation with it! It is a point of no return. I am pretty close to all in --- again! Anything else is bullshitting.
I was about to take my nap but feel compelled to respond immediately after reading your fun post. I shall do that after my response.
Life is about a game/fight one believes in. OK, let me leave the philosophical aspects out (we may talk that over a drink, conditional on that we cross that milestone) and cut to the bones. Right or wrong, one has to move in Mr. Market according to his/her DD. More often than not, I am wrong and that was why I suffered two catastrophies and a major setback. So what? I never view street profits as my own, to begin with. Further, it is only money anyway. Even furthermore, it takes money to make money. Get out of the kitchen if one cannot stand the heat. WS games are never designed for the risk averse. GIC is way better for those mentally lazy. Black-swan events are rare but they do indeed take place. The issue is not whether or not they happen but what to do if and when they do happen. Hedging is the only good way to survive WS long run but that is not what I want. I prefer Livermore/Lynch to Buffett at each and every sunrise --- do or die to slow growth/death! Catalysts and trends, my friend, catalysts and trends! In WS, Mr. Market is the only judge of being right or wrong --- one's brokerage account gets balanced at the closing prices each and every day, nothing more nothing less, be that short- or long-term! Every book we read teaches us to avoid greed/fear, even those by the masters, yet that is exactly what WS is all about, at least in the short run. Life is a game and it is going to end for all of us sooner or later. Be a player and get into the actions or not --- a personal choice! Fence-sitting never gets anyone anywhere (95% of the populace and unfortunately, I am an outlier under a normal distribution). I live and make my moves in what I believe in.
What makes true friendship is not what we share in common. Rather, it is what we differ yet we can accomodate our differences! Viewpoint differences enrish while similarity spoils. Not all great minds think the same. DNDN is my game changer (because of a binary event) whiile LVS is my immediate money printer (steady). You are welcomed to short both but our friendship is done if you ever bash them again. I hold them very dearly to my heart and in my brokerage account. I put stocks my good friends call and vice versa, yet we remain good friends because we think/feel differently but we never bash each other's position.
又及: 今天撤离AIG前线，增援DNDN36号和37号碉堡。Fought the hardest with myself not to sell LVS。新开两个阵地MGM和MPEL，先谴队已深入敌境探险，得到报告后再决定攻退方略，储备部队为两个加强连。
