I'm mostly a n00b to investing, but dang this has been a fun stock to hold. I bought at $17.50 about a month ago, and this sucker has not paused to look back.
I'm not looking for a 1 month return, and I know it could head south - but it's been fun to hold.
The market goes up - MRH goes up.
The market goes down - MRH goes up.
I think a lot of people are starting to realize this puppy was grossly oversold and when the next couple quarters of earnings hit, this baby is going to really start trucking.
Cheers to all and good luck on the long haul :)
Look, that last thing I need to do is try to prove myself on a Yahoo message board. I have stated when I was out of the stock and when I was once again building a position. God, I gotta question the brains of a person that would even go back and look such things up, but knock yourself out buddy.
Sounds like the comments I made offended some of your more gentrified notions, but stating how you got hammered on the way down and how you're going to sell this position once it becomes a winner just smacks of stupidity. But, hey, to each his own. Most people do EXACTLY what you are proposing and that's why most reatil traders and investors are losers in the long run. Buying losers, holding them until they become winners then selling them at break even. BRILLIANT! Hey, if it works for ya, more power to you. It's just not a formula any winning investor or trader which I know adheres to. Who know's, you may have found some kind of new trading "system" there.
I will reiterate, people - such as yourself - that come on these boards and spew such stupid notions are better off with paying professionals for investment advice.
>>Look, that last thing I need to do is try to prove myself on a Yahoo message board.<<
Fair enough. I'm beginning to understand the difficulties involved with proving yourself.
Good luck to you.
>>No pretty much I'm a prick in real life also, but I don't give a fuck about that.<<
LOL! Evidently my sarcasm didn't convey well.
>>So which is it, born stupid or choose to be? Bottom picker or knife catcher?<<
>>Have you stopped watching Cramer yet?<<
Long ago. I hear enough from posturing wind-bags here on the Yahoo boards as it is.
>>Do yourself, your family, and any future heirs you may have a favor - just keep that nice 40-50 hr/week job you have and seek some professional council when it comes to your "investing".<<
Heavens! How can we not associate such erudite dialog as yours coming from anyone else as a world-beating stock-trading pro at the peak of his game? I prostate myself at the feet of your genius. And, if one would be so kind, I would be thrilled if you could steer me in the direction of any previous posts that outline your trades. Just, I humbly beseech, for the purposes of verification.
(More sarcasm, in case you were confused.)
No pretty much I'm a prick in real life also, but I don't give a fuck about that.
So which is it, born stupid or choose to be? Bottom picker or knife catcher?
Have you stopped watching Cramer yet?
Do yourself, your family, and any future heirs you may have a favor - just keep that nice 40-50 hr/week job you have and seek some professional council when it comes to your "investing".
Or you could always just keep pumping more liquidity into the markets. A "fish" like you and his money do nothing but provide liquidity.
Dude, you bought this stock at the peak of its instability. The company had just got thwacked with a huge set of losses (which always take several months to fully realize) and then it had to make a recovery (which included some dilution).
I admire your effort to try to catch a stock that had taken a big hit, but this stock was bad freaking news around this time last year.
I'm not trying to rip you - but since you already said it, I'll ask it: What were you thinking?
And I mean that seriously. What was your rationale for getting into the stock? You got destroyed because the book value took such an incredible beating.
Hopefully you'll break even soon.
You seem to be in the same boat as that TMF guy who has been insisting this is a great investment(which I believe it is) though his investment in MRH was also ill-timed and cost him a significant paper loss (fortunately, for me, i got into MRH at a better timing but I have been wrong in other cases; enron was one such case when I lost over 90% of my investment). Like the other poster said, you win some, you lose some. You are doing OK as long as your winnings more than make up for your losses.
Yea, it's been a hoot sitting on this one. I was dumb enough to buy at 25, and have waited over a year for it to break even. I'll be punching out of this pig so fast if it gets anywhere close to that you'll hear a sonic boom...
It's called "Timing". The big bad market just ate you up. That's the way it goes. Doesn't mean this stock is a pig, just means you bought it at the wrong price. Is Dell a pig because some people bought in at $40 last year and now it's at $21? No. Those people paid too much for it at $40.
Bad investment decisions do not make a company a bad company. Look, if my car is worth $60,000 and someone is willing to buy it from me for $80,000, is the car a piece of shit? No, the investor made a mistake. The car is still good even though the buyer overpaid for it.