one of the best shorts of 2008, page-4

sabretooth_conceptually_ you have a point

i remember those blue sky joke stocks well

however, there is a difference, in that Linc, and other resource companies, have stuff in the ground.

your exact same argument could have been leveled at fortescue, as it could any exploration and development stock.

i agree that on an intrinsic value basis- free cash flow/ earnings, it doesnt stack up, but i have a portfolio of those (yes peter P its true)

Linc is a different thing, as are resources generally

why not spend $2,000 and fly to china and feel whats going on.

all you need to do is go to shanghai, sit on the bund and you'll pick up on whats going on.

and thats just china. never mind india