Drive on buddy your doing great, run over that road kill.
Buy while it's down, those idiots are handing their fortune to us on a silver plater and laughing at us as they do it.
In some ways I think we make a mistake defending NFI, we help the price rise by preaching the merits to newbies. (But then again I was a newbie once too, and many thanks to all off you who showed me the merits.)
NFI numbers are going to win out there is no doubt, and no amount of basher or lieing is going to change that fundemental fact. All that basher does is keep the price down longer while we buy more and more of his cheap short shares.
Heck, with a few more runs at it by Rocker and Cramer, either NFI or we might end up owning a defaulted hedge fund or two!
My real reason for this is to ask what's missing in the effort from others? Most do not have the time you have, what can we do better or more of? Please be sure to post a reply to this question in the group.
>>"We are as strong as our weakest links, and we have demonstrated with abundance that our fortitude leaves something to be desired."<<<
I'd hope that we are becoming stronger as we "lose" the weaker links who allow people like us [cerv, miller, you, etc.] to add to our positions. My "poll" position has gotten quite a bit larger already. ;-)
>>"Back to the salt mines."<<<
You've got salt??? I'm still digging up Willamette Valley clay.
we have a early day swing up $2 and the irrational exuberance comes back in full force. "Will we see $70 today?". Irrational exuberance combined with irrational pessimism combined to help make this a more easily manipulated stock.
drty: Have been gone for 10 days or so and not much access to a PC. Glad that you & others are fighting the battle. You are right on as usual. This company's fundamentals have been and remain strong. As Franklin D. said, "We have nothing to fear but fear itself".
We should have word soon of the latest securitization. Or maybe that came out while I was away.
On another issue, I've been visiting with several bankers. Delinquencies remain at acceptable which bodes well for this industry.
For those of us in for the long haul, all we need is patience and perseverance and we will continue to be rewarded handsomely.
At the outset let me say that I am an owner of NFI, in mostly in the high 20's. My interest as a retired person is essentially the distributions. I dont enjoy the wild swings either but I believe given a small float, we may see more of this type of trading. The large up and down seems to me to be an opportunity for profit that is not based on fair evaluation. As long as the shorts and panicky investors are involved I fear the game will continue. Hope to be wrong. Old Wint
"I'm a bit fatigued by the virtually endless supply of self declared TA experts, doom sayers, economic pessimists, hyper-aggitated traders, and the like."
Opportunity stems from these folks when you think about it.
Drty....a piece of art.....really!......fvcking beautiful man........to hell with the market, you are like the white dove on my partridge family albums.......lolllllllll
"Sorry for the rant. Had to get it out of my system. Whooo, that's better. Back to the salt mines.""....
drty......As always an excellent post....I'm pretty much just a retired lurker, that still hasn't sold a share....I first bought in Oct of '02......For one that has a significant % of ones assets in NFI, I gotta admit that these dips tend to give one a sickening feeling....But then I keep reminding myself why I bought in the first place....*sigh*......Thanks for the continued reassurances. This old geezer needs it from time-to-time.