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  • oldeguy oldeguy Nov 29, 2012 10:00 PM Flag

    The capital markets

    react to what is known, what is feared and greed. Sometimes like Morrison Knudsen it didn't work out.
    Duramed, Corning and Sirius XM all were supposedly toast. I made a boat load on all of those.

    The writing was on the wall for MRN and I bailed. It wasn't on the other three and I hung tough.

    Kodak may or may not work, but at this point bailing would be stupid. If zero happens there ain't that much left to lose. Putting new money in might be foolhardy, but it's worth a shot if one has some play money.

    The facts are not all known. The markets very often incorrectly place a fair value on a stock. High or low.

    Yelling the sky is falling every ten minutes tends to dampen the credibility, even if it is proved to be correct in the end.

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