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RAIT Financial Trust Message Board

watwoodjimbydo 8 posts  |  Last Activity: Apr 23, 2014 10:47 AM Member since: Mar 17, 2010
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  • watwoodjimbydo by watwoodjimbydo Apr 23, 2014 10:47 AM Flag

    Jimby9 nailed it, back in November 2006:

    "...didn't really want to sell, but concluded that this risky merger is going to be approved. IMO, RAS shareholders are far too complacent about the new company's future prospects. The addition of the recently formed, highly leveraged Taberna and its large portfolio of residential mortgages, rachets up RAS's risk profile by several orders of magnitude..."
    and
    "...If they are able to ride out the accelerating downtrend in residential real estate, without any major problems, I will probably buy back in. In the meantime, market forces alone could drive the stock price down sharply..."

    Coulda, woulda, shoulda, but Jimby *DID*. Hats off to the ones with clear vision, who were ridiculed and derided at the time, but are now proved correct.

  • watwoodjimbydo watwoodjimbydo Apr 23, 2014 10:12 AM Flag

    The name *DOES* say it all, in fact.
    Jimby was the intelligent and farsighted investor who recognized the incompetence of RAS management, the shortsighted blind optimism of Foulger, and the risky Taberna self-dealing transactions between Betsy and her son Daniel Cohen, in the multi-billion dollar boondoggle that haunts RAS to this day with the continuing write-downs of Taberna assets that kill earnings every quarter.

    Jimby posted repeated warnings, and sold out his considerable stake in RAS at prices near historic highs:
    well over $100 per share. The blind followers attempted to mock him then for his alleged invalid negativity, as most of the clear-eyed investors today are attacked by the pump-and-dump touts like yourself and Foulger, but Jimby was smart and made an immense bundle by knowing when to sell.

    You, being an uninformed newbie who is clueless about how RAS got to the present position of high-leverage, high-risk, and losses every quarter instead of earnings, still have a lot of hard, and expensive, lessons to learn.
    Keep mouthing off, and blindly pouring your money into all the wrong places.

    For every loser like you, there will be one or more winners like Jimby.

    So, you gotta ask yourself one question: do ya feel lucky, punk? Well, do ya? What would Jimby do?

  • Reply to

    Personality disorder

    by boxcompany1 Apr 22, 2014 12:04 PM
    watwoodjimbydo watwoodjimbydo Apr 23, 2014 8:15 AM Flag

    What do _you_ do for a living, if you are too dense to research SEC filings on your investments before you buy them?
    Oh, wait: I forgot...you just blindly buy stocks without knowing what you are buying...I almost forgot who I was talking to there for a minute.

  • Reply to

    Personality disorder

    by boxcompany1 Apr 22, 2014 12:04 PM
    watwoodjimbydo watwoodjimbydo Apr 23, 2014 8:12 AM Flag

    Coupla points: the "official sec database" is at sec.gov, nowhere else.
    Gotta agree with you on the "so obsessed, so myopic, so f'n annoying. & so full of himself it's disgusting" part, though!

  • Reply to

    TGA [The Great Annoyer]

    by muckahoy88 Apr 22, 2014 10:24 AM
    watwoodjimbydo watwoodjimbydo Apr 23, 2014 8:09 AM Flag

    Loony? As in 'unduly influenced by the full moon (Luna)?
    Check your calendar for the phases, then get back to me on that one.

    If, on the other hand, you were referring to the Canadian currency, kindly refrain from monetary references, lest you hazard public condemnation for discussing matters you clearly have no understanding of, at all!

  • watwoodjimbydo watwoodjimbydo Apr 23, 2014 8:07 AM Flag

    Foulger's female incarnation must have missed this one.
    Let's give her another chance, shall we?

  • watwoodjimbydo watwoodjimbydo Apr 23, 2014 8:03 AM Flag

    ..and our local resident expert on disorders (from 1st hand personal experience) chimes in from the peanut gallery!

  • Reply to

    "Dumbest Effer On Yahoo"

    by watwoodjimbydo Apr 22, 2014 1:31 PM
    watwoodjimbydo watwoodjimbydo Apr 23, 2014 8:01 AM Flag

    My husband says 'hi' back, and thanks for last night. You were superb: he loves the feeling when you take your teeth out.

    ...and the first letter of 'jridley17 is....?

    "You can call me Jay, or you can call me Ray, but you doesn't have to call me Mr. Johnson..."

RAS
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