an – Nice Devil’s Advocate scenario! Like I said earlier, the coulda woulda shoulda what iffa game can be played all day long. I usually just stick to what I think are the most realistic scenarios. In my opinion, your example of someone first identifying and then pouring $28K into QCOM, holding every share, then calling the top and bailing before the catastrophic plunge, then identifying and pouring every dime of the QCOM profit into MTH, holding every share and selling it 5 years later for a $14.1 mil profit….well, it just sounds awfully far-fetched to me. I doubt many (if any) folks pulled that one off, or anything even remotely similar. On the other hand, virtually anyone who bought a home in ’99 has made a huge profit. I think the homeowner who made a killing on his ’99 purchase scenario is more realistic than your scenario. No offense, just my opinion on what I think is reality.
w-a-d – sure does seem like 11294 is going for a loss. We’ll see what the final numbers are soon and whether it’s minus $115K or some other amount. As to the reference in your original post regarding the poor delusional folks down the street, I think we have seen from the prior two sales discussed that things have actually worked out quite well for them. We also await the final tally on 11224 to see how they did.
