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  • matollionequay matollionequay Apr 23, 2012 3:33 PM Flag

    What Many of You Don't Know:

    Actually I am not sure that the comparison will prove if Norm has been of benefit or not. I have taken him to task several times for making the same mistake in his estimates. He repeatedly overestimated the bank's ability/willingness to "write in" income based on overstated reserves for loan losses.

    However, I found the rest of his estimates and opinions quite valuable. He chose to play calls at a 20 strike but I took his info and confidently sold puts at 23 and 24.

    Money in the bank.

    I agree with the notion that one could go back and read prior postings to determine whether a poster knows what is going on. Norm's estimates have been high but his insight into an enterprise that was clearly a good investment 18 months ago was valuable.

 
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