I like the read from other board... Going_4

I like the read from other board...


Going_4_It Friday, 03/24/17 11:54:38 AM
Re: zeynoc post# 42510
Post #
42546
of 42555 Go
zeynoc, Concerning a Buyout or Takeover...

For the last year, or so, I have been having a recurring nightmare-like dream of a hostile takeover, followed by a tender offer at $7 per share. And it is always the number 7. And strangely, J&J plays no part in my dream.

A week ago I mentioned this to Keith Berman and he chucked. He said it couldn't happen. But you just never know about things like this. And dreams do come true sometimes. I have learned a life-lesson to Never say "never". But it is ONLY a dream, or maybe it just might be a premonition.

I am definitely a long-term investor; NOT a trader. I have owned shares almost continually since 2004 when I retired. On three occasions I have flipped my position at a very nice profit. The smallest profit I made was 109%. The others were much higher. For me, this stock has been a continuous money-maker for over a decade.

I started building my current position with a small purchase at .23 back in May 2013. Five months later, in October, the PPS hit $1.08 on the Ask. I remember that day clearly, because I could have easily bagged a 300% profit. But instead I dad a reality check so that I would have no regrets regardless of what I decided.

I asked myself, "Is my investment premise still intact?". The answer was yes. Then I asked myself, "What is this stock worth TO ME, given what I know about its history and the prospects going forward? My answer at the time was $2.50 a share. So I didn't sell. And we all know what happen next...

To this day I remain amazed that a company as wealthy and powerful as J&J could initiate a patent infringement suit, and end up having their patent completed invalidated. This lawsuit was a TOTAL DISASTER for J&J. The outcome could not have been worse for J&J. So was this win by DECN a case of pure luck? Or was there any skill involved? Think about it.

My investment here is NOT in the health care industry per se, nor in the diabetic test strip biz. My investment is in THE MAN himself. In my opinion, Keith Berman has more than proven himself to be a success. His pragmatic attitude, extensive business savvy, and dogged persistence, will end up making a lot more money for me. It gas in the past, and so it shall be in the future.

I am totally confident and comfortable with my investment in DECN. No amount of bashing on this forum will sway my decisions. I can "smell" the money coming. It is just a matter of time and patience. So if my "takeover dream" does not come true then I will wait for an exit at around $20 a share in late 2018 or early 2019.

Good Luck to you and All Longs.