Comments on: Sell Fortescue Metals Group (FSUMF.PK) http://jubakpicks.com/2009/09/24/sell-fortescue-metals-group-fsumf-pk/ Sun, 12 Feb 2012 04:57:42 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: DJBarber http://jubakpicks.com/2009/09/24/sell-fortescue-metals-group-fsumf-pk/comment-page-1/#comment-1197 DJBarber Thu, 08 Oct 2009 07:20:03 +0000 http://jubakpicks.com/?p=1346#comment-1197 Sue, Embarrassed to say that I couldn’t figure it out myself, but Sue, you are spot on. It’s more of a functional problem that I have with the site, certainly not a content issue. And just for the fun of it, I can’t stop myself from adding (JJ, Please forgive me)For the folks who read my original post, and found it necessary to “flame” me on the fact that I said I was disappointed, rather then on the faulty logic I used to say I was going to hold FSUMF (Logic fueled by Rum and Coke I might add, that in retrospect reads more like a bad conspiracy plot) I have only one thing to say… You really need to learn to discern between a poor argument, and an inexpensive opportunity to strike out at an unknown somebody/nobody. A thoughtful rebuke to a poorly formed argument can be a good teaching moment (and the logic that I used to explain why I was going to remain a “holder” of FSUMF gave ample opportunity for a thoughtful teaching moment) None the less, a focus on the argument would have garnered significantly more respect, which would be in keeping with what I would expect from people who have been a fan of Mr. Jubak. A request for clarity, is a sign of a good listener (And a thoughtful planner/manager/ Investor/analyst/ buyer/seller/etc…) A jump to judgment points to opposite characteristics. And while I still remain a “Fan”, after doing my own research, and my own due diligence, and recognizing this instrument for what it is (An enormous risk), and for better or for worse, sickness and health, and all of that stuff…. I am prepared to take the risk, and the associated losses (I mentioned that I expected a drop of up to 25%, which we came very close to but haven’t quite hit yet.....) but none the less, I find this little bastard (The stock, not Mr. Forester) very intriguing and full of possible possibilities (Not looking away from the fact that the possibilities include an inability to pay due debt in the next 9 months, ownership by Chinese banks, becoming a shell company that for all intents and purposes is used to manipulate ore prices, loss of its CEO, further dilution of shares, ever expanding debt (Did I miss anything) etc, etc, etc….) But the upside remains what it always has been, A Hellofa fun company to put play money into . Full disclosure (I bought the first time around 3.5 and sold at 8, I bought the second time well below 2) Fuller disclosure: If this “stock” breaks below 1.6, I’ll be the guy on the wrong side of the door yelling “BUT I BELIEVED!” P.S. on a more serious note folks, don’t ever take what I post to seriously, after all, I’m not getting paid for it either. P.S.S Go Mets! P.S.S.S (See what I mean?) Sue,
Embarrassed to say that I couldn’t figure it out myself, but Sue, you are spot on.
It’s more of a functional problem that I have with the site, certainly not a content issue.
And just for the fun of it, I can’t stop myself from adding (JJ, Please forgive me)For the folks who read my original post, and found it
necessary to “flame” me on the fact that I said I was disappointed, rather then
on the faulty logic I used to say I was going to hold FSUMF (Logic fueled by Rum
and Coke I might add, that in retrospect reads more like a bad conspiracy plot) I have only
one thing to say… You really need to learn to discern between a poor argument, and
an inexpensive opportunity to strike out at an unknown somebody/nobody.
A thoughtful rebuke to a poorly formed argument can be a good teaching moment (and the logic that I used to explain why I was going to remain a “holder” of FSUMF gave ample opportunity for a thoughtful teaching moment)
None the less, a focus on the argument would have garnered significantly more respect, which would be in keeping with what I would expect from people who have been a fan of Mr. Jubak.
A request for clarity, is a sign of a good listener (And a thoughtful planner/manager/
Investor/analyst/ buyer/seller/etc…) A jump to judgment points to opposite characteristics.
And while I still remain a “Fan”, after doing my own research, and my own due diligence, and recognizing this instrument for what it is (An enormous risk), and for better or for worse,
sickness and health, and all of that stuff…. I am prepared to take the risk, and the associated losses (I mentioned that I expected a drop of up to 25%, which we came very close to but haven’t quite hit yet…..)
but none the less, I find this little bastard (The stock, not Mr. Forester) very intriguing
and full of possible possibilities (Not looking away from the fact that the possibilities include
an inability to pay due debt in the next 9 months, ownership by Chinese banks, becoming a shell company that for all intents and purposes is used to manipulate ore prices, loss of its CEO, further dilution of shares, ever expanding debt (Did I miss anything) etc, etc, etc….) But the upside remains what it always has been, A Hellofa fun company to put play money into .
Full disclosure (I bought the first time around 3.5 and sold at 8, I bought the second
time well below 2) Fuller disclosure: If this “stock” breaks below 1.6, I’ll be the guy on the wrong side of the door yelling “BUT I BELIEVED!”

P.S. on a more serious note folks, don’t ever take what I post to seriously, after all, I’m not getting paid for it either.

P.S.S Go Mets!

P.S.S.S (See what I mean?)

]]> By: sue http://jubakpicks.com/2009/09/24/sell-fortescue-metals-group-fsumf-pk/comment-page-1/#comment-1042 sue Thu, 01 Oct 2009 02:03:38 +0000 http://jubakpicks.com/?p=1346#comment-1042 Jim, I think what DJ and the others are trying to say is they had a routine while reading your articles on msn. Your inaccessability was a (big) part of the charm for them. Its almost like when a celebrity becomes your neighbor. I am very glad though that I can get to read your advice everyday. Website does need improvement though. If you can get someone to design it better it will definitely be a big plus. Thankyou for all the advice you give. You are the sanest person I read Jim,
I think what DJ and the others are trying to say is they had a routine while reading your articles on msn. Your inaccessability was a (big) part of the charm for them. Its almost like when a celebrity becomes your neighbor.
I am very glad though that I can get to read your advice everyday.
Website does need improvement though. If you can get someone to design it better it will definitely be a big plus. Thankyou for all the advice you give. You are the sanest person I read

]]> By: sarge http://jubakpicks.com/2009/09/24/sell-fortescue-metals-group-fsumf-pk/comment-page-1/#comment-1000 sarge Tue, 29 Sep 2009 22:21:13 +0000 http://jubakpicks.com/?p=1346#comment-1000 Dear Jim, I have read your articles for many years. Think you are doing a great job. You give me a lot of ideas to research and have made me a couple of bucks.. Keep up the good work.... Dear Jim, I have read your articles for many years. Think you are doing a great job. You give me a lot of ideas to research and have made me a couple of bucks.. Keep up the good work….

]]> By: wester93 http://jubakpicks.com/2009/09/24/sell-fortescue-metals-group-fsumf-pk/comment-page-1/#comment-985 wester93 Mon, 28 Sep 2009 14:50:16 +0000 http://jubakpicks.com/?p=1346#comment-985 Dear Jim, A "heads-up" regarding your excellent book: The Jubak Picks. On page 240, in your chapter "Hidden Technology", you list a couple of Technology ETF's. You list the Dow Jones U.S. Technology ETF as: ITW when it should be IYW, I think. Sent a copy of your book to my kids. Dear Jim,
A “heads-up” regarding your excellent book:
The Jubak Picks. On page 240, in your chapter “Hidden Technology”, you list a couple of Technology ETF’s. You list the Dow Jones U.S. Technology ETF as: ITW when it should be IYW, I think.
Sent a copy of your book to my kids.

]]> By: draco97 http://jubakpicks.com/2009/09/24/sell-fortescue-metals-group-fsumf-pk/comment-page-1/#comment-982 draco97 Sat, 26 Sep 2009 16:56:18 +0000 http://jubakpicks.com/?p=1346#comment-982 Calm down everyone. No reason to attack me for a statement that the new blog is not as conveniant to some of us as the old way. If I did not like Jim's research and picks, then I would not care. But I have been successful fo many years following most of Jim's advice. I just wish I knew when an update was coming. But please everyone, just as in the market, try and keep a level head and not go off on every percieved negative comment. The fact that I liked the old regimented schedule better is no reason for this vitriol Calm down everyone. No reason to attack me for a statement that the new blog is not as conveniant to some of us as the old way. If I did not like Jim’s research and picks, then I would not care. But I have been successful fo many years following most of Jim’s advice. I just wish I knew when an update was coming. But please everyone, just as in the market, try and keep a level head and not go off on every percieved negative comment. The fact that I liked the old regimented schedule better is no reason for this vitriol

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