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Pep Boys - Manny, Moe & Jack Message Board

  • tony345388 tony345388 Jul 7, 2010 1:28 PM Flag

    RMIX and DPTR

    Hi Dan, have you got a chance to escapte some from RMIX and DPTR....looks like little hope

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    • Will be buying more RMIXQ soon as well as DPTR. Remember, I own $200K in DPTR bonds and worst case scenario I will make more tahn enough on bonds to offset losses in stock. May not happen till after company emerges from bankruptcy. As for DPTR, now selling for 1/3 of book value.........I also own DPTR bonds. Tony, nobody buys stocks that go up 100% of the time. It's what you do when they drop that counts. All you have to do is be right 51% of the time to make money. I think I'm about 90%. Keep in mind, on any given day I have investments in 80-90 different companies. My bond portfolio which is about 50% of my assets has actually gone up about 2% in past 2-3 months while the market has dropped 12%+/-.....I also plan to make a killing on PBY and SBGI that will make me many times more what I would lose on DPTR and RMIXQ even if they went to zero. Good luck. DaninFW

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