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Nautilus Inc. Message Board

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  • astral_tsar astral_tsar May 20, 2003 9:13 AM Flag

    sell NLS (to me)

    Well, ok, yes, good general points. But I'm not counting any chickens. I'm just challenging the tendency to feel comfortable buying at high prices & comfortable selling at low prices.

    The mission creep thing ... sure, good point, but "just say no" is not always the best response. Here's a military thang that a friend of mine offered: You're 100 meters from a machinegun (range 800 meters) that starts shooting at your ass. Is it safer to "abort the mission" (i.e., run away through 700 meters of bullets), or to "follow through despite changing conditions", i.e., run through 100 meters of bullets?

    The chickens themselves are a bit stunted and certainly not something to brag about ... I'm up 8% overall on NLS after commissions, but I agree that I haven't realized anything at all. If I liquidated at the last price, then my hours of homework on this puppy wouldn't pay much better than if I were working for the man. Still more fun than having a boss though.

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    • "I'm up 8% overall on NLS after commissions, but I agree that I haven't realized anything at all."

      looks like your 8% has riddin off into money heaven!!!!!

      keep using your thinking and you will realize less money!!!!!!!!

    • Another example of mission creep: Buying into a growth stock, losing a big amount of capital when management says "whupps, no growth," and holding on to the stock afterwards out of some feeble notion of "value." I wanted growth stock, and when that failed, it was time to leave and find something else.

    • You can be up, but I was up 50% on NLS too. Didn't mean much because I ended not being up 50%. Know what I mean?

      As for your machine gun example...whaaaaa? What are you on about man? Mission creep isn't about getting shot at from such and such a distance. You remarkably managed to leave out all mention of cover or weapons, by the way, in which case the decision is moot because you're dead anyway. What mission was proposed, and how did the machine gun have anything to do with it?

      If you want a GOOD example of mission creep, check out German high command in WW2 on the Eastern Front. A big part of why they lost was that Hitler couldn't decide whether to stick to the original plan and take out Moscow, the Russian transport hub, or whether he preferred having a nice uniform front moving across the country (Army Group South was having troubles in the Ukraine which slowed them down). As a result, many troops from Central were transferred back and forth, effectively wasting their combat power, Moscow was never taken, and the Germans got bogged down trying to take Stalingrad due to Hitler's machismo. THAT, sir, is mission creep.

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