No, I read your posts my friend and even the 'supposed' 10,000 shares doesn't make 700K dollars. Even if you got the 10000 shares for FREE the total proceeds from selling at 45 as you claim would only be 450K, but you also posted that you bought in high teens and 20's. Time to put you on ignore, since you don't even have the courage to admit your mistakes, but hurl insults. But thanks, now everyone can read and see who is the 'foolish clown'. You have no one to blame but yourself. Have a happy Thanksgiving.
Don't know about that, but his posting frenzy about KBIO the other day was quite revealing. He encouraged folks to read his posts, so I did. He claimed to own 6000 shares and make 700K on the trade. He also bragged about how the share price would reach 175 and then he revised it to 120. Then, he claimed he sold out his position at 45 (nice, convenient, and near the top) which is where he made his 700k. However, if you do the math, the only way to have that kind of return would be to have a significantly negative cost basis (negative 71 dollars per share). In the end, his own posts contradict his statements. So as far as his credibility goes..........
You're posting history suggests you've been banging your pig since September..... if not before.
Here is qqq's post from November 3:
sold all shorts and took 8 people on a Princess trip for 20 days! All paid for by GM shareholders! Shorts did very well!
So what is it qqq? Did you actually have a short position at all, did you really take anyone on a cruise trip, or are you making stuff up on the fly to impress us for some reason? Four possibilities:
1. You did make money on a short position and went on that cruise but you don't have a short position now
2. You had a short position but the cruise is a figment of your imagination
3. You never were short and never went on a cruise
4. Maybe you did make money on the short, went on the cruise and have since initiated a new short position, but you made no mention of this new short position until the day GM has a slight pull-back after a big upside.
Okay fantasy leaguers, which one of the four do you vote on? I'm leaning on number 3 right now, I don't think he's done a good job covering his backside and has been exposed. That's the problem with spouting off, if you aren't really careful you land in your own excrement.
How do you still 'got your shorts' when you were bragging about taking your family on a cruise that was paid for by cashing out your GM short position? You made it clear that you go short at 38, and GM's share price has not seen 38 since you've made that declaration a little while ago.
Classic. I'm more than happy to wait for all that proof you have about the allegations you've made. Libel is a nice legal term for you to become acquainted with sometime. Have a happy Thanksgiving.
Okay, I'm a cynic. I'll admit to that. But I'm willing to be impartial and hear you out. Show us the proof that these e-mails exist from the date when the 'new GM' was launched? You're really good at making accusations (such as how determined you are that there are multiple guilty parties using software to skirt the EPA testing). If you want to be taken seriously, then back up your finger pointing with some factual evidence. Otherwise, you evoke the classic fable 'the boy who cried wolf'.
How many executives would be dumb enough to put an admission of guilt or wrong doing in writing? First thing they teach in management school: don't put anything in writing that could implicate you in a trial. Here's a thought: if no executive was ever found guilty of doing anything illegal during the financial meltdown in 2008 then why would you even suggest there would be an investigation to uncover anything amiss with GM?
After all these posts, day after day it lends one to ask you one question. Who are you trying to convince?
It's only ARGUS for heavens sake. Not like they own an infallible crystal ball. And while we wait, at the minimum we are getting some cash back with another dividend pay out so management isn't completely clueless and unwilling to do something for shareholders.
No thanks, I'd rather 'trade' GM from the long side and buy on dips. I suppose I'm just too influenced by what Peter Lynch wrote in 'One up on Wall Street' when he outlines the fact that when you go long you risk losing your entire investment, but when you short a stock the potential loss is infinite.
Isn't it time for you to come up with a new topic? You're obsession with the same message seems to indicate you haven't got anything else to offer. We know, you're waiting for GM shares to reach 38 at which point in time you'll go short again, right? If you are 'so sure sure' of yourself, why didn't you go long and trade the shares during the ride up and make even more money?
Howdy there old friend. Every 'blue moon' I look back on DRYS and read the poor souls on the message board that are apparently incapable of moving on and taking their losses. One other classic Cramer disaster: he touted his BBF's company Sears Holding and told all his viewers about the golden touch of Eddie Lampert. Eddie has proven to be totally incompetent and Sears appears headed the way of Pan Am, Kodak, etc. of once great American corporations that no longer exist. Sadly, CNBC keeps paying Cramer and renewing his contract. Then again, he's very helpful if you use him as a contrarian indicator.
Cramer sold his shares from his charitable trust and didn't participate. Isn't that 'precious'? Bye, bye, bye!!!!
Are you attempting to harass me? Laugh it off dude, we know you made a simple mistake and it just gave me an opportunity to remember qqq's infamous post of ..................., nah, I won't degrade him anymore than he's already done to himself. Besides, he's still licking his wounds from shorting GM.