HORT quote back to $9,000 per share today. I'll probably refuel tonight and fly to Vegas and spend an evening at the Palms with my posse and retainers.
I hope I can find a way to dial back the volatility of my portfolio. I don't like this daily rags to riches and back routine.
Astral, I don't think I want to sell at $.02 per share. However, I thank you for the generous offer of 200% of the quoted bid price.
I was out walking around HORT's acreage today and talked to a guy who told me that HORT is a good, well managed company. He said that HORT has patents on the plants they sell to the Irvine Company and that, theregfore, the Irvine Company can't buy them anywhere else. I don't know if he has a clue what he is talking about. I don't imagine he has ever even seen a financial statement in his life. If HORT has patents on its plants and is so well managed, why doesn't it make some serious money. Anyway, I bought it for the land value.
99% of patents are worth roughly poopy. (A business acquaintance of mine claims he saw a careful study that actually added a couple more nines to that figure.) What did you pay for HORT if you don't mind my being nosy?
I bought it all since August, 2005. Average cost is about $3.70 to $3.75. So I am slightly underwater. I am not necessarily recommending it.
I sold my house last year so I don't own land. In addition this is not a well known stock and it is controlled by a private outfit.
I bought it for the land value as well as one completed but not yet reported land sale and another potential one based on a parcel under option. I am not certain of the amount of gains or when they will be reported. Even more, I don't know if the market will care.
This is a leveraged company in an industry that most people don't care about and it is seasonal.
However, if these gains occur and in the amounts I expect and when I expect the numbers should be large enough to move the stock. I hope.