Don’t Stop Believin’ - Shorting HUSA Again [View instapost]
More non-truths, and mischaracterizations that I will address not for your sake Cramer, but for anyone who may actually believe your nonsense… First of all let’s address the compensation/stock options. According to SA, HUSA stock is up 91% ytd and 217% in the past 1 year – As a shareholder who has made a tremendous amount of money, I want management to be well paid and incentivized to continue making more money for us shareholders – And of course I’m happy to have them hold lots of stock so they are also rewarded when the stock goes up – I would, in fact, argue that they are underpaid given what they have already earned those who have held stock…they are not as you claim using the company as a “shell for them to use for their personal pleasure” – which is actually (and almost verbatim) how Ross Perot described Mr. Cubans use of the Dallas Mavericks (more on that later). You say they have done nothing, but facts are facts… and they have already generated real profits on what they have invested and have a history of creating wealth for themselves AND shareholders such as the latest example when they sold their working interest in 6,000+ gross acres in Karnes County for $1.65 million while the company still retains a 1.25% overriding royalty interest which will provide future cash flow free of all costs. Not a bad deal considering they paid $250,000 for this acreage 18 months ago… I’ll admit that this is small (it’s also a very small part of the company!) but so is the “chump change” that you’re upset over… Here’s some more real factual truths for you… Lee Tawes does not live in Texas, he lives in New York and is no “dud” – his history includes graduating from Princeton and going on to become one of the most highly regarded equity analysts on wall street – (at goldman sachs) He was then recruited to become head of research and a partner at Oppenheimer when its research department was considered one of the best in the world – When CIBC bought OPCO, Lee became very wealthy and retired to become a full-time investor… He made a fortune investing w/ his personal investments, but he came back to work at Northeast Securities because he has good friends there and enjoys spending time there – While he has what to many may seem like a large stake in HUSA stock, to Lee it is just one of his many investments…. If HUSA goes bankrupt tomorrow, it won’t change Lee’s lifestyle, he will still be a very wealthy man…. I was first alerted about HUSA by John Olson, one of the early investors and also one of the most highly regarded E & P analysts ever – (go ahead and Google John Olson Enron) another early investor was energy analyst Carol Coale (enough said)… More facts…. Mark Cuban, a man Donald Trump once referred to as a loser who got lucky once and has lost at everything he has done ever since, is currently under investigation by the SEC for insider trading – If you read the facts in that case it’s a very ugly picture of a man who cheated, lied and clearly broke the law– what is astounding is that he risked everything to save himself 750K – for a “billionaire” this is rather bizarre behavior - You should ask those who bought his Mama.com stock (there’s a winner for you) if they would trust him! - Ross Perot, who sold Cuban the Dallas Mavericks but retained a 5% stake (so he has access to the books), this past May sued Cuban, alleging that the once profitable franchise, which has lost money every year since Cuban bought the team, is now either insolvent or in imminent danger of insolvency – I’m not going to address his behavior w/ the team other than to say that he has consistently been breaking rules/laws and fined countless times…. rather bizarre behavior again and many (including his players) have questioned his sanity… but that’s your guy You can choose to believe who and what you want, and go ahead and short the stock, but please stop w/ the non-truths and mischaracterizations… and by the way, I am not hyping anything at all (though it seems to me like you are!)… just fed up w/ all these non-truths out there on worthless websites… and yes, we shall see who gets the last laugh….just don’t confuse hype w/ the facts…
Don’t Stop Believin’ - Shorting HUSA Again [View instapost]
Actually Cramer, I am not hyping any stock – not at all – I don’t care if anyone wants to buy or sell – that’s up to them – I was – and am still warning people not to heed this advice from people who I don’t believe have done any real research and asking Scott and Ilene where is their stop-loss? (and find it interesting that they refuse to respond, but instead I get you and your nonsense) or are they just going to continue to “fight the tape”?… I actually am extremely happy about the recent 50% haircut – you see I bought my stock under $4 a year ago, sold it up in the high teens this past spring and then was fortunate enough to buy it under $9 this past summer – so I’m sitting on nice profits and it’s all “free money” from here on… I’m long term though, and intend to hold for the next couple of years, as I’ve done a lot of my own research on the geology of the Llanos Basin in Colombia and the drilling landscape there … Another question I have for Scott and Ilene is this – other than reading an article written by a guy currently under investigation by the SEC for insider trading, what proprietary research have you done to convince you? and which should persuade me to short this stock? – And Cramer, you better read that 10Q again, because this company is profitable, w/ a solid balance sheet, and not going bankrupt anytime soon – They also have an enormous amount of people working for them, but I’m not going to do your work for you… Valuation, by the way, is based on future prospects, not past earnings… have you ever invested in biotech, internet or E&P before?.....It’s all speculative, and highly risky of course, but my experience (>40yrs) is that you better have done your homework, and know your scenarios and risk/reward levels going into a binary event… I’ve done mine and am very comfortable holding a long position… from both a fundamental and a technical perspective…. But, nonetheless, good luck, and have a nice weekend….
Don’t Stop Believin’ - Shorting HUSA Again [View instapost]
Boy are you stupid – it’s a Shakespearean reference which alludes to someone being irresistibly attracted to that which leads to their downfall –perhaps you should read “The Merchant of Venice” – But why do I waste my time?!.... And I’ve known about SA for many years – it’s worth every penny you pay for it! – Also know Cramer personally. He’s a lying crook who will tell you to do one thing while he does the other – but that’s ok, his ex-wife is also a backstabber and his two daughters both hate him, so no I don’t call into him as I don’t have anything to say to or ask him and wouldn’t take his advice… But HUSA on the other hand is not a windbag of nothing – Mark Cuban wants you to believe that so that he can cover his short at lower prices, and he has published a lot of non-truths, half-truths and mischaracterizations to successfully manipulate the stock lower, however there is a LOT of good news that is going to come out of HUSA and oil drilling in SA, so short stock if you want, but just consider yourself fore-warned….
Don’t Stop Believin’ - Shorting HUSA Again [View instapost]
Don’t Stop Believin’ - Shorting HUSA Again [View instapost]
Don’t Stop Believin’ - Shorting HUSA Again [View instapost]
Don’t Stop Believin’ - Shorting HUSA Again [View instapost]