living underwater

If linc was not being hit by aggressive shorting the SP would be higher ... definitely. Fewer people would be underwater and the mood would be better.

If LNC was racing up the chart then I doubt we would be seeing any griping ... nobody would be looking for problems. And, even if there were problems and the SP had risen to complete fantasy levels, people would be purring and speculating about how much further it might run.

I spent 20 years of my life in the casino [table games: baccarat, roulette etc.] and of course I am a loser. The upside is I learned a lot. Most of the time you are coming from behind, basically betting money management will defeat the house odds. In that situation you develop a very high tolerance to financial pain and you learn to maintain discipline.

A lot of people seem to approach the stock market as if it is a casino ... and react angrily if the bet they make is a loser. The stock market is a risk takers venue, for sure, [and brokerage should be seen as the house advantage], but it is judgement which determines how well you do.

The shorts are not going away anytime soon. That being the case we will not get full value from positive Anns. Even the GCL deal, assuming it completes, is going to be shorted. The market in general seems to have the 'wobbles' again. So the wind is definitely in our faces.

Today's market has much in common with 1930's. People deserted the market, very few buyers and lots of sellers. Shares traded well below true value. That persisted for several years; might be the same this time. Long mental time-frames are needed imo.