Options indicate that there are a lot of expectations here.
For example, the $50 November calls today were bought/sold for 1.25. IMHO that's a good sign for the longs. That seems like a lot to pay.
I knew this was a case of mistaken identity.
As to selling a stock, it's hard to catch the highest high. Maybe it will get back up there before BRLI is absorbed. Some blowout numbers from OPKO in August would help.
I've done very well with BRLI so it's still a BIG winner regardless of where I sell the balance.
Investing is a matter of styles. There are lots of ways to make money. We just have to find our own ways. My children know very little about stocks, so I steer them into VTI. That will work for anyone in the long run.
The main knowledge that I impart to them is that investing smarts are secondary. First you need to learn to spend less then you make so that you have money to invest.
I've done well, but I didn't save a dime until I was past 30. I believe the key is in avoiding debt, spending less than to make, and investing the difference. Investing in funds and blue chips is a safe way to go. The key is to have something to invest.
Why is he posting trash about me?
He's probably a good guy, but he made a mistake. He has me mixed up with someone with a similar name on a loser site. He should be more careful before he attacks people, Look back at his vicious posts about me.
The newsletter thing on the TRST board is a joke. Another poster is always talking about his newsletter. And my recommendations were from 2009. One was BRLI!
The market will crash but I don't know when. It always does and it always comes back. ETFs will all behave differently. Being older, I have a lot of money in income producing ETFs (like VIG, DVY, IDV, VPU). I'll have lots of dividends coming in, and these will go down less. A TIPS ETF may do well in a crash. There are many ETFs.
When the market crashes I'll be buying.
Some people can beat the market, but not very many. Congrats if you can do it.
I also only have one name that I post with.
k9 said that I pump ETFs. He's 100% right about that.
I do pump ETFs. And why not? They are a great way to invest and have many benefits.
They are like a mutual fund that sells like a stock,
They are low cost.
They provide diversification.
You can invest in sectors or invest in the whole market with one fund (VTI).
A personal example. I would never buy a preferred stock, but I own many of them in PFF.
I don’t invest in gold, but if I ever want to then I’ll buy the GLD ETF.
I use an ETF to invest in emerging markets.
Most people that buy individual stocks cannot beat an index over time. Many professional managers cannot beat an index.
So what’s wrong with EFS? Your answer please.
You posted, "If you really owned BRLI and wanted to sell it then you would have done so the day it was $50 bucks.".
First, BRLI never reached 50.
I sold a bunch at 43+, which was noted in one of my posts. I held some to see if it would go higher, Bad idea maybe.
I've owned BRLI about 10 years, and I have posts here going back quite a few years.
ETFs definitely reduce risk, but some people can do better with stocks. IMHO most people are better off with ETFs and mutual funds.
I have an unusual risk here because I want to sell before BRLI is absorbed by OPK (6 months maybe?). The clock is ticking and the whole market could tank. I hope to sell higher, but if not then oh well. BRLI has been very good for me.
Your lottery analogy is bad. Most lottery players lose. Investors make money.
We CAN control risk. The surest way is to buy ETFs and avoid individual stocks.
To me, OPK results in August are a key.
With the caveat that I know nothing about the OPK products and prospects, the numbers show very good revenue growth with negative profits (losses). This was over a period of years, The revenue growth for 2014 over 2013 was flat. Q1 was pretty good.
In the last two quarters losses were worse (-26 cents in Q1 after -41 cents in Q4). For OPK holders, BRLI profits will help with cash issues.
Good numbers for Q2 will be a big plus for OPK holders and also for anyone looking to sell BRLI at a higher price.
Another concern for those looking to sell BRLI at a higher price - the whole market could take a drop before the deal is finished. It's a wildcard.
The only place you can reply to me is YAHOO boards.
Click on c_lafong to see every post of mine. Very few boards and no pumping.
You're confused by "Carl LaFong". That's not me. It's a popular name from an old movie.
I'm assuming that you're not being malicious - you're just confused by similar names and jumping to some bad conclusions.
"If you look at the history of this Carl Lafong's postings to lots of different stocks it appears that he is one of these so called "Advisors" See also carl lafong (madtrader) on StockTwits Joined Feb 22, 2011 Professional Options, Futures Technical Swing Trader.
As in Dear Carl is here pumping so he can make more bucks trading options and ARbitrage of Opko and BRLI."
This is total rubbish, and I challenge k9 to cite just one c_lafong post to back up his false assertion.
Hey K9, (is that as in dog?)
It seems that you have me mixed up with someone else. LaFong is pretty common. I post on very few boards and my advice is to buy ETFs. You should be a bit more perspicacious about ripping into people based on very shoddy fact checking.
Check my BRLI post from March 26, which is easily verified, unlike your ridiculous
fabrications. This post was a response to a series of posts from one Carolyn Novice.
Here it is, but by all means check the original.
Subject “How to pick winning stocks.”
“That's if you must buy individual stocks. IMHO ETFs are the better way to go.
But for stocks, ignore the experts, ignore the charts, ignore the resistance levels, ignore the "rules", and ignore all of the mumbo jumbo.
Keep it simple. Do your own homework, Buy stocks with a solid history of sales growth and profit growth. Look to buy on dips. This works.”
What a response to a simple point, which was that selling BRLI is an option to consider.
Some posts are just nasty drivel, with nothing useful said. One poster tells me that selling is a horrible move and that I shouldn’t quit my day job.
Another posts “ON Friday I bought BRLI at 39.45. As of NOW 1:30PM Monday it is worth $45.89 based on the Opko price at this point of $16.69”. Not correct. BRLI is worth whatever price that it’s selling for.
A more favorable post agrees that selling is a good move for many. We share an interest in ETFs. He mentioned VTI, which I have recommended to my children for their Roth accounts. As an older investor, I like income producing ETFs like VIG, DVY, VPU, IDV, IYR, PFF. I also have some more aggressive growth funds, but in smaller amounts
There is nothing wrong with taking profits. I can’t say how many stocks I owned that were bought out, but in most cases I sold out when the price jumped up. It’s worked out pretty well for me.
The majority of my BRLI shares were bought for single digit amounts, and all are in Roth and traditional IRA accounts so taxes are no factor.
There are no guarantees about OPKO. Do they want BRLI for the products, or to generate some cash? Could be both. I agree with the poster that avoids companies that are losing money. As I previously mentioned here, my criteria for stocks is to buy those with a history of solid profit and revenue growth. This definitely works. OPKO doesn’t fit for me. That’s not to say that it won’t do well. Maybe it will. There are lots of stocks that will do well.
No one mentioned that after selling BRLI at $43+ I could have bought the shares back under $40, but I never considered that. I still have some remaining shares that are on an open order at a higher price.
For those going with OPKO, good luck.
I sold more than half of my BRLI at 43. I don't think that I want to own OPK.
I'm getting away from individual stocks and into ETFs, so maybe this deal is a good thing for me.
Good luck BRLI holders.