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Post by joeypotsandpans on Aug 13, 2014 12:41:16 GMT -5
My pizza guy is a hard working individual who I have known for quite a few years, back in 2012 we were talking and he knew I invested in the markets...he asked me at the time, hey Joey if I gave you 10k to put away for my daughter who will be going to college in about 5 yrs. or so what do you think we could turn it into...I said what if we could double it by then, he said really? Well the next thing I know he sets up an online account and wires in 10k...that particular account today sits at $41,780.91, I say that particular account because since then he has opened another two custodial accounts which are up on a relatively comparable basis.
So what's the point you ask, the point is not to "brag" about how much of a return I have been able to manage for him (btw, I have never asked for one cent as I love this man like a brother), the point with reference to the title is that not one day has he ever read an article or message board. He gets up and goes to work and believe it or not never even checks his account unless I come in for a bite and show him on the mobile app where his account stands. I never really thought about it until another member on this board who knows both of us and can vouch for this post said to me after a typical roller coaster day "you know what's beautiful about the whole thing....he has no clue, he just goes about his life and never reads any of the BS about this". Yes he is shielded from the likes of Adam F. and tarot card readers and pedophiles etc., Josh Schimmer? Tourboohoo? Karp to him is a fish...etc.
So why write this post? Well, today's wasted space from Adam F. is a day I wish I also was ignorant to this POS of an excuse of a human. I am not one to let the emotions get the best of me as over 15 or so of my friends, family, etc. who have followed me into this investment would tell you. So here is why his particular article hit me the way it did today, he states that "the blame of course lies with Mannkind" with reference to "their bloated" balance sheet. Yes he is blaming MNKD for the expenses incurred by two CRL's (which he terms as rejections btw) while he knows full well the circumstances behind those CRL's. Then he quotes 1 I repeat 1 analyst which allays to his thesis of valuation and where the price is and where he suggests it is going. So what about the pizza guys that read his drivel and reap substantial losses along the way due to erroneous and irresponsible journalism. Who's looking out for them, that's what I want to know! I hope CREW really pursues this issue until he has to pay some restitution and do at least 5yrs. of community service. Btw, the same person who woke me up to what a great life my pizza man has, that same person has been donating to CREW on an annual basis....thank you G!
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Post by vissertrades on Aug 13, 2014 12:51:49 GMT -5
AMEN!These "thugs" are just pawns in the whole corrupt process that is wall street. I wish I could be the pizza guy but I've invested nearly $300,000 and that's allot of coin for me!
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Post by novafett on Aug 13, 2014 13:35:36 GMT -5
So um, hey.. can i get that pizza job cause in my 90k a year job w/ a stay at home wife and two kids in private school having 10k in spare investible change is a pipe dream. Course full disclosure i am investing 6% of my pre-tax in my 401k as well as 2 college funds monthly withdrawl. Just seems like that pizza job pays really good  |
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Post by joeypotsandpans on Aug 13, 2014 14:05:00 GMT -5
Visser & Nova, believe me in some ways we all wish we were the pizza guy, life would be so much simpler but he does work hard and makes an honest living...btw, his pizza is the best but his lasagna and shrimp parmigiana now that's what we're talking about, they are the real deal forgeddaboutit!! On a more serious note, his brother has had some major diabetic episodes so from that angle he does have a personal interest as far as "when's this gonna be available" |
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Post by vissertrades on Aug 13, 2014 14:16:09 GMT -5
My oldest son delivers pizza and it's paying his way through college. Not bad with tips but hard on the car! My youngest son is also invested in MNKD and shares my OCD. Guess which son is happiest :-)
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Post by papihoyos on Aug 13, 2014 20:58:38 GMT -5
God bless you Joe, nice story
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Post by seanismorris on Aug 13, 2014 21:28:47 GMT -5
Joey,
You are more gutsy than I am! My sister has asked repeatedly which stocks to buy and I'll tell her what I own, what I'm looking at and why I like them. But then I tell her she needs to do her own research to determine if she feels the same, I.e. Taking responsible for her own investments.
The reason I've taken this approach is a while back a friend asked me what to buy, and I said Mannkind and gave all the reasons I own it. I also said, buy is stages I.e split the total amount you want to invest in thirds and stager you purchases, because I explained MNKD is volatile.
Unfortunately, his takeaway from the conversation was BUY MNKD so he did all at once. Unfortunately, he waited and the stock went up then he waited and the stock went up some more. He he finally bought all his shares right after the last positive Clinical Trial results. Of course, MNKD then sold off on the positive news and he emailed me every day worried about his investment. If course, while the stock was going down I was buying more. All he could do was watch 20-30% of his investment disappear. No matter that I told him he didn't really lose anything, unless he panics and sells. The stock went back up and he sold for a 5% profit but he could have make 50% if he waited. The problem is he didn't do his research so he didn't know why he bought MNKD in the first place.
Now, I make people asking advice to do their own research because I don't need the stress of their investments on top of my own. So, this last pullback doesn't cause much stress because I'm here Long term and I'm looking to buy more. I don't really care what AF in his ignorance spouts off about.
p.s. I hope you get a free pizza for you assuming his stress
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Post by Chris-C on Aug 13, 2014 21:30:12 GMT -5
Joey- Nice post as usual. Your comments about AF motivated me to give an online donation to CREW. In case others want to support CREW's courageous efforts to call out stock manipulators and corrupt government officials, visit their website and donate here. The world needs more snake exterminators. All in my humblest opinion, of course. As always, GLTAL Chris-C |
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Post by seanismorris on Aug 13, 2014 21:42:08 GMT -5
Good luck getting a politician that doesn't care, to care about Adam F. who also doesn't care.
Every time investors show up pissed off about his poorly researched articles, TheStreet makes more money, and so does Adam F.
I just ignore TheStreet and read articles over at SeekingAlpha, some good/some bad, but together more balanced.
And, hopefully take advantage and buy when Adam F. gives his garbage advice.
I do hope eventually people wise up and ignore him, but I can't invest waiting for miracles.
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Post by papihoyos on Aug 13, 2014 22:37:35 GMT -5
p.s. I hope you get a free pizza for you assuming his stress in prison? |
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Post by gwb on Aug 13, 2014 22:46:07 GMT -5
No Joey ,thank you . To the other board members , I personally know Joey and his " Pizza guy ". " Pizza Man" works from morning to night , seven days a week . This story is not only true , but Joey is not including other family member ( friends like family ) that he has and advised and helped make some small amounts of money larger .
" Pizza guy's " attitude truly is to be faithful and know he made a good a choice . We saw him during the last CRL, the April 1 Ad Com , the FDA approval , and the partnership announcement .He says " the pie isn't baked yet is it Joey ? " , " Nice Joey, you do good for all of us " ," You tell me when we eat ". This man truly has faith and an attitude to be admired .I appreciate that you shared this personal story with the board. This is good community stuff and a slice of real life . G |
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Post by seanismorris on Aug 13, 2014 23:02:53 GMT -5
The way I see it, the Govt often tells the "journalists" what to / and not to write. They aren't going to throw a journalist in prison because he lies about a stock. They'd then have to send to prison all of the journalists who lied on the behalf of the government. You scratch my back, I'll scratch yours. When was the last time a major journalist make a stink about our 17 trillion dollar debt?
I understand that you want to change things. But, have you noticed Congress getting more done when we elected a new set? (Fired the old ones for lack of performance?). Congresses approval ratings only continue to go down. A political will always be a politician, it doesn't matter if he wares a red or blue shirt, same with journalists. Both are 'show me the money' professions.
I'm sorry but your money donation is going up against Superpaks. You know, the good old 'Companies are People Too' and they can put their money to work anonymously.
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Post by joeypotsandpans on Oct 1, 2014 6:30:07 GMT -5
Update on "my pizza guy", he continues to put money to work picking up another $7.5k worth this am as AF's editor takes on the Washington Post. On another note, another buddy "Brother Dave" decided to transfer his shares out of one brokerage firm that was not paying up for lending his shares out so he transferred to Fidelity where they opened him up and started paying him 8.5% on his shares, yesterday they raised it to a 9% return as he sits and waits on his MNKD investment. I spoke with "Brother Dave" yesterday, so in essence the conversation went a little bit like this..."I decided to move my account because xxxx!! were lending them out and I was getting squadoosh, moved to Fidelity and now getting 8.5%+, they raised it today so guess the shares are getting a bit tighter to find. Don't mind extending the rope/noose a little bit So for those that aren't getting any return you may want to check and see where you're at and if they (firm holding your shares) are using them to make $$$ off of your hard earned shares. Of course if you're in a margin account they can do what they want, but if not, sure hope you're getting additional ROI while your shares are parked. The other side to this is the borrow rate is somewhere between 14-17% these days for Mr. Shortie...which brings me back to that DTC conversation....yesterday as they walked it down a few more cents with an anemic approx. 3.5m shares, if we were at roughly 15 trading days to cover before then they are now staring at getting closer to 20 trading days as the shares (rope, noose, float, whatever you want to call it) continue to tighten up. Consider this for a moment, on 4/15 the low post adcom @ 5.92, volume traded on 9.238mill shares, yesterday that low was tested on a mere 3.265mill shares, essentially 1/3 the volume. That is why they (broker) are paying almost 10% for your shares. I use to have fun with Ginomazzie on YMB, yesterday he posted a sarcastic thread titled something like "can you believe it's under 6", I really wanted to respond "can you believe they are continuing to pay almost 17% to borrow?" well you get the idea ....enjoy your day!! |
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Post by otherottawaguy on Oct 1, 2014 8:16:13 GMT -5
Just found out that my Cash account was $27 in the hole and that they therefore had the contractual right to lend out all of my holdings in the account. What a bunch of shysters...
Going to kill the margin ability on that account this week.
OOg |
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Post by trenddiver on Oct 1, 2014 9:33:39 GMT -5
Wondering how many others like Joey and Brother Dave are happily taking that "juicy" 8.5% return and enabling the shorts take the share price down. I raised the question in an earlier thread whether Big Al was lending out his shares and earning a big fat $100mm per year. If so, he is a major reason that the short interest is so high AND he can put and end to the price manipulation and cause a huge short squeeze any time he wants by wihdrawing the ability to lend out his shares.
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