|
Post by Marriott on Aug 20, 2013 17:27:17 GMT -5
to : sbg and others
I know goldentouch has started a thread entitled " apology section " . If you are apologizing for your verbal treatment of others , fine .
To those who might feel a need to apologize for being wrong , remember you went into battle fighting for a company that did not care about you .
Those individuals who boasted about the stock going to zero are claiming victory . What did they win ?
Yes , its a sad day when the Judge basically states that all the work the core group of shareholders provided did not provide any evidence of " hidden ' value in KODAK.
ANSWER:
Let's work on ideas for the future that will reward us and give meaning to the time and effort expended .
|
|
keith
New Member
Posts: 36
|
Post by keith on Aug 20, 2013 18:03:41 GMT -5
Well one should start with due diligence. A chart of EK PPS for the past decade would look like a ski jump ramp and provide you with a red flag. A little due diligence might show that a company in BK is not really a opportunity but a huge risk. The history of the management and BOD might be another clue. You know little things like that. Just saying.
|
|
|
Post by updated on Aug 20, 2013 18:08:19 GMT -5
ok, we heard you, you have been saying same thing forever...now go back to your yahoo board you coward, it is funny when SBG said he will remove all the bans all the cowards started showing ... Well one should start with due diligence. A chart of EK PPS for the past decade would look like a ski jump ramp and provide you with a red flag. A little due diligence might show that a company in BK is not really a opportunity but a huge risk. The history of the management and BOD might be another clue. You know little things like that. Just saying.
|
|
|
Post by eastman on Aug 20, 2013 18:11:33 GMT -5
Well one should start with due diligence. A chart of EK PPS for the past decade would look like a ski jump ramp and provide you with a red flag. A little due diligence might show that a company in BK is not really a opportunity but a huge risk. The history of the management and BOD might be another clue. You know little things like that. Just saying. Apple at one point was within 30 days of bankruptcy and look at that company now. Some here have been holding since before bankruptcy. So your smart ass point doesn't apply
|
|
|
Post by updated on Aug 20, 2013 18:13:36 GMT -5
he is one from yahoo board idiots... No brain, no blame Well one should start with due diligence. A chart of EK PPS for the past decade would look like a ski jump ramp and provide you with a red flag. A little due diligence might show that a company in BK is not really a opportunity but a huge risk. The history of the management and BOD might be another clue. You know little things like that. Just saying. Apple at one point was within 30 days of bankruptcy and look at that company now. Some here have been holding since before bankruptcy. So your smart ass point doesn't apply
|
|
|
Post by Marriott on Aug 20, 2013 18:18:02 GMT -5
Well one should start with due diligence. A chart of EK PPS for the past decade would look like a ski jump ramp and provide you with a red flag. A little due diligence might show that a company in BK is not really a opportunity but a huge risk. The history of the management and BOD might be another clue. You know little things like that. Just saying. keith : Technical indicators indeed told a part of the story . Another part I learned , patents give you the right to sue a party in Court . However, patents are more valuable when the holder of the patents has a strong posture.
|
|
keith
New Member
Posts: 36
|
Post by keith on Aug 20, 2013 21:14:39 GMT -5
ok, we heard you, you have been saying same thing forever...now go back to your yahoo board you coward, it is funny when SBG said he will remove all the bans all the cowards started showing ... Well one should start with due diligence. A chart of EK PPS for the past decade would look like a ski jump ramp and provide you with a red flag. A little due diligence might show that a company in BK is not really a opportunity but a huge risk. The history of the management and BOD might be another clue. You know little things like that. Just saying. Can't fix stupid. Updated is living proof of that. Seems your yahoo posting is lighter than normal today. Any reason for that ?
|
|
wtf
New Member
Posts: 5
|
Post by wtf on Aug 21, 2013 6:39:08 GMT -5
You's guys don't understand. Kodak tanked and entered bankruptcy because I bought them and wouldn't sell out with a 10 percent or 15 percent loss. I've figured the market out. If you wait until Wall Street values a good company too cheaply and start buying, and then buy more and more as it goes down, it goes to zero. And conversely, if you short a company when Wall Street values it too highly and you don't cover with minimal losses, then it goes to highs that only an idiot would have ever dreamed possible. The maker of MacIntosh computers, with a very teeny niche market of dedicated users and no future at all suddenly becomes the hottest thing on the planet? Wow! $30 per share to $600+ per share? The wrong person shorted them and wouldn't let go. Same with Amazon, NetFlix, and others. Who the heck ever heard of Priceline 5 years ago? Why does everyone know what Facebook is, but no one remembers MySpace? Eastman Kodak, an icon of American industry, suddenly falls on hard times and declines to zero? The wrong person (me) started buying them when they were too cheap and wouldn't let go. Washington Mutual gets in trouble and gets too cheap, I buy them and won't let go. The government seizes them and sells them to JP Morgan for 2 cents on the dollar. CitiGroup gets too low and I buy it. And although our economy as a whole has recovered from the great Financial Panic of 2008 (and its competitors like JPM and Goldman Sachs have as well), C remains mired at 10 to 15 percent of its pre-crisis levels. Same for BAC, although Wells Fargo has also recovered. Care to guess which of those I own? I bought Fannie Mae when they got too cheap as well, and we all know where they sit today: under government conservatorship, earning record profits and paying their investors NOTHING! The companies never go away: they just get new owners if the wrong person or persons (i.e., retail investors) get to owning too much at too low a price. I followed Quanex for years. Steady up and down performer, delivering a solid 100 percent per year return if you bought them at the right time and sold them at the right time. So I bought them at a low, and they went lower/sidelined for a year and a half. I gave up and moved on, and they started climbing. When they hit multi-year highs in the face of a declining economy, I shorted them. They had two main business lines: home building products and the automotive industry. Once I shorted them, they started climbing in the face of adversity. And climbing. And climbing. In the midst of the financial panic of 2007/2008, when both the home building market and the automotive markets were in the depths of their deepest recessions since the Great Depression and our government was even going so far as to seize the auto makers in order to save the industry, Quanex was somehow reporting record profits. Go figure. When everything was at its worst, they managed to sell off the building products side of their business to some moguls from Brazil - for more than the entire company was worth when the economy was good and they were reporting "steady" profits. And today, the 1/2 of the business which remains is worth more than the whole ever was (after I covered my short position with massive losses). Go figure. What I'm telling you is that the whole stock market is nothing more than a game, managed and controlled by the very wealthy to take money from the Middle Class and pass it to themselves. And our bankruptcy courts are their government-sponsored helpers in that aim. It's the Republican version of welfare. Whereas the Democrats wish to take wealth from the producers and give it to the LESS fortunate, the Republicans wish to take wealth from the producers and give it to the MORE fortunate. Our entire system is about wealth re-distribution, and nothing more. The only argument is about whether the money should flow up to the rich and lazy, or down to the poor and lazy. And the only fools are those who lie in the middle, get up and go to work each day, actually produce something, and try to save. For whatever they produce will be taken from them - one way or another.
|
|