Even at the ripening old age of 83, I sit here on the sidelines...

Even at the ripening old age of 83, I sit here on the sidelines watching the possible
beginning of a parade march past me. Have I finally lost all my trading desires?
But I look at the scars on these old trading hands and am reminded that patience
and money flow can work in multiple directions.

All too often in this long trading life I have sold instead of patiently waiting.
And unfortunately, I have at times rebought when I should have been patient
and waited a little longer for clearer verification.

This particular investment has been very good to me and my family. I truly
thank God for making me remain patient in 2020 and add to my position.
I am also thankful for not falling madly in love with it, and having seen storm clouds
over the horizon earlier this year, sold out nearly all of my position.

For a long time now there is something that has really bothered me.
The sudden resignation of Ken B. He was, in my mind, a masterful
CEO. At the time I voiced a concern over the suddenness of it. He was
still young and at the top of his game. Many said, well he was tired and
deserved to spend time with his family. Really? Did his subsequent actions
verify that? So why would he leave? I believe it was of over a difference of opinion
on growth. This year, in spite of a glut of supply, we continue to expand
rapidly, adding fuel to an already raging fire. Makes you wonder doesn't it.

For me, at my age, I need hard core evidence that the parade has really
commenced. I continue to monitor the short position. I do not believe
there will be a short squeeze on this stock, they so so rarely happen.
Instead, I am hoping to see a measured and controlled decline and will
reenter when that decline dips below 450 million shares.
Good health to all of you.