I am long HK
shares have now dropped to the point they are not overvalued as they once were.
I am encouraged despite the setbacks that Floyd has had, that there are signs that they will be able to work out of the current situation , in a favorable manner.
As a principle I don't like to make recommendations to buy or sell. I am not being paid to be a financial advisor to people on this board, and I don't want to take the presumption or responsibility I might say something like , I would or would not tend to buy or sell under certain circumstances. ie , I can say, I would not sell or short HK at these levels. likewise that accumulating in the recent range will likely make a decent return over a several year period. In so doing I am not telling anyone else what to do, but my own tendency and so have a clear conscience about.
considering that HK has a positive outlook based on actions the company will be taking, I believe it is going to take significant amount of time to overcome the setbacks , which have obviously affected the shares to this point. As such, I personally believe it is going to be longer term before we see significant gains in share price. Sure, we could get a sharp rally at any point, but just as we have seen so many times, for it to be sustained, I believe that it is going to take facts on the ground, which by their very nature , if one understands the business and HK's particular situation in a comprehensive manner, will take substantial time to accomplish.
It is my STRONG opinion that there are many on this board who play by different rules, they seek to influence you and therefore potentially abuse your true interests by their influence
. Be smart, do your own due diligence. Confirm things you see on this board, whether it is something I say or someone else. That is advice that I feel a clean conscience about.
fly fish, that is an interesting comment . However , based on MANY private communications I have received from readers of this board, exactly the opposite is true. They are tired of the extremes on the board, the lies, the name calling, the bashers , the pumpers, and they are tired with your type of post attempting to criticize one of the few posters who is all about fighting against the things they are tired about!
So they tell me, they want me to keep posting, and I receive that directive frequently and decidedly in these private communications. Many of them mention that they don't post, some don't even have yahoo id's , ie some of the emails I get are not from a yahoo id, but they read the yahoo boards.
So, tell me, why should I take your suggestion to heart , in the face of these multiple expressions by others, as well as my own clear opinion that I am doing the board a service to give the unpopular but moderate balanced voice a chance here?
So, thanks for your input, but I think I'll stay.