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Investors Title Co. Message Board

pmlljl 12 posts  |  Last Activity: Apr 14, 2014 10:14 PM Member since: Jan 9, 2001
  • Reply to


    by dsouth7777 Apr 14, 2014 3:09 PM
    pmlljl pmlljl Apr 14, 2014 10:14 PM Flag


    Markets are IRRATIONAL. If this one gets back to $65 like it was in about October of 2012 I will be all over it again. Pray for more irrationality.

  • Reply to

    it will hit $400 again

    by retire_yung Apr 4, 2014 1:02 PM
    pmlljl pmlljl Apr 4, 2014 1:15 PM Flag

    Maybe his 200th birthday.

    Right now MOMENTUM is to the downside and the volume is increasing. All the rats are jumping ship.

  • Reply to


    by bobacequ Apr 3, 2014 4:54 PM
    pmlljl pmlljl Apr 4, 2014 1:01 PM Flag


    I don't imagine that the Gidwitz's are "happy", but they are in an industry where it has been tough to make a buck for a few years. They did manage to make money by suing their insurance company. Then there is the matter of executive compensation. James Gidwitz makes a salary of $650,000 for managing a company that as you correctly pointed out, doesn't make money. And I don't know how much they make on directors fees, retirement pay, insurance and other compensation. So I would say that the company is run for the benefit of the Gidwitz's rather than the minority stockholders.

    Finally, I would say that when you look at book value, you need to deduct the amount shown as goodwill (over $7,000,000) because this company does certainly not have an exceptionally high return on its invested capital.

    I owned this stock several times and I made good money by timing my purchases and sales. However, I don't own it now and I would look elsewhere because I don't think the Gidwitz's have their shareholders best interests in mind.

  • pmlljl pmlljl Apr 3, 2014 1:37 PM Flag

    Sardar and Biglari Holdings should be included in an ETF for companies run by greedy egomaniacs.

  • pmlljl pmlljl Mar 16, 2014 5:52 PM Flag


    I feel hurt. You left me out of your post at part 4. f. Main shareholders

  • Insider transaction reports that Amazon's fearless leader Jeff Bezos recently sold 1,000,000 shares of Amazon stock. Other directors have also sold stock. I think the rats are abandoning a sinking ship.

  • Reply to

    Watch Out Below!

    by dsouth7777 Feb 3, 2014 12:07 PM
    pmlljl pmlljl Feb 3, 2014 5:18 PM Flag


    I agree with your analysis. However, I prefer to try to trade it closer to the extremes at the risk of missing the turn. My decision relies on my belief that
    the market has no clue how to price stocks. That is why I shorted Amazon.

  • Reply to

    Watch Out Below!

    by dsouth7777 Feb 3, 2014 12:07 PM
    pmlljl pmlljl Feb 3, 2014 1:50 PM Flag

    dsouth7777 and batraa:

    I am pretty much in agreement with your posts but the problem is that in a correction or a bear market, prices just keep going lower. In the short term, the market is not always rational. I sold
    a lot of my stocks including some of my NWLI but NWLI is still by far my largest position. I will
    buy a lot more NWLI at lower prices but I imagine it will be some time before I am interested buying.

  • Reply to

    where is everyone?

    by batraa Jan 29, 2014 12:52 PM
    pmlljl pmlljl Jan 31, 2014 2:02 PM Flag


    I covered about 40% of my AMZN short this morning at about $362.50 and it was my most successful short ever. I will now hold on to the rest of the short because I think AMZN will go down more. I have made enough money on the fraction of the short that I covered so that I won't
    worry too much about it anymore. This episode in shorting AMZN has been much better than another one about a year and a half ago when I shorted AMZN on a Friday at $192 and covered it on Monday at about
    $205 when Morgan Stanley repeated its buy on AMZN and increased its target price for AMZN to $250. With my cover this morning, I recovered
    my loss plus about 100% more.

  • Reply to

    where is everyone?

    by batraa Jan 29, 2014 12:52 PM
    pmlljl pmlljl Jan 31, 2014 1:53 PM Flag


    Yes it has been a long time.

    Counting yesterday only, Under Armour was a worse short than Amazon. Today amazon is a great short and I covered about 40% of my short at about $362.50. So it qualifies as my most successful short ever.

    ANAT and NWLI have been great stocks for me and I need to thank you for mentioning ANAT to me. I never would have found it on my own and I found NWLI through following
    ANAT. So thank you very much.

  • Reply to

    where is everyone?

    by batraa Jan 29, 2014 12:52 PM
    pmlljl pmlljl Jan 29, 2014 3:10 PM Flag


    Well my average short sale price for AMZN is about $390.00 so it has not been real fun for the last month, but I am slightly in the money now and if investors begin to understand that companies actually have to make money to be successful, AMZN could take a real hit.

  • Reply to

    where is everyone?

    by batraa Jan 29, 2014 12:52 PM
    pmlljl pmlljl Jan 29, 2014 2:34 PM Flag


    Well, we are busy bailing out of the market because it is getting killed. I think the market is not going to have another year like last year. I have sold a lot of my stocks. Now have 2 longs and one short. It is becoming very difficult to sell without driving down the price of the stocks you are trying to sell. Liquidity is a thing of the past. Tomorrow my short, AMZN reports earnings and I hope it dies.

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