I have found it both rejuvenating and profitable to restrain...

I have found it both rejuvenating and profitable to restrain from posting on this company over the last 6 months. I have removed my sentiment indicator lest it incite unneeded comments from the peanut gallery that float around distressed busineses. My favorite hunting ground.

I think I last posted when the SP was at the low $8 mark and apparently headed to $5 according to the wise one's here that own nothing but comment a lot.

Like many long term investors, an actionable strategy, a solid pool of capital, a large dose of courage and time yet again prove to be vital ingredients in minimising losses and maximising gains.

Over more years than I care to remember, I have never seen a profitable, debt free, cash flow positive business ever, ever, ever go to the wall. That said, I have seen many times, sentiment and share prices very, very, very often offer opportunities to make money.

MFG is nowhere near out of the woods and today I am a happy seller in the mid $10s, lightening more aggressive positions bought with an $8 handle in front of them.

I still remain modestly in the red at $10 with a significant holding. I do not expect to break even for a year or 2 yet, as my world view is less optimistic than most, and I expect most stock prices to weaken, quickly or slowly, I don't really care, over the next 18 months.

Today's cash out is strategic rather than MFG specific. I want to hold as much cash as I can for 2024. Stock "pops" like today assist that pursuit.

I am very pleased for all holders who have stayed the course so far, in the face of market turbulence, forum criticism and confronting paper losses. The road back for Magellan will probably take some shifts none of us today can predict.

I can imagine many are still carrying large losses, to those I hope you have developed some pathways to a positive net position. To those who can ,"Buy low sell high" still works, it always will, even when the lows are only 15% down and the highs 15% up. Each is a step in averaging down cost without committing capital.

I do not intend to engage in dialogue with the usual suspects here that trade in a red haze, missing the fruit that comes from a more level headed approach. I intend to continue my trading quitly in the shadows not once looking in this direction for wisdom.

GLTASH.