Skip to content
Andrew Tobias
Andrew Tobias

Money and Other Subjects

  • Home
  • Books
  • Videos
  • Bio
  • Archives
  • Links
  • Me-Mail
Andrew Tobias
Andrew Tobias

Money and Other Subjects

Meet Stella

March 23, 2021March 24, 2021

But first . . .

I went to bed Sunday night with SPRT at $2.14 (which is sort of like $1.14 for those of us who bought it long enough ago to have gotten the non-taxable $1 return of capital) . . . and woke up to see that I could sell it for $8, which I promptly did.

Some of you emailed to relate similar stories.  This made me really happy.

Apparently, some company that mines bitcoins . . . (and what a worthwhile endeavor that is, bound to enrich humanity by consuming vast amounts of energy to make bitcoin less scarce) . . . wanted a cheap way to go public.  Merging with an existing little public company was a good backdoor way to do it. 

“Sometimes, patience pays off,” I wrote here a couple of years ago.  “Buy when everyone else thinks it’s hopeless — like SPRT last week? (I bought more at $1.65) — but only with money you can truly afford to lose, because all too often everyone else is right.  (SPRT faces some significant challenges sown by the previous management; but I like the CEO and am betting that in the long run this may work out.)”

In reminding me I had written this, one of you credited me with “prescience.” 

Believe me: it was not prescience.  Or patience. 

It was complete, nutso, delightful dumb luck.


I also sold my CNX yesterday.  Here’s why.  I have no idea if the analysis is solid, but I don’t mind taking a double on the shares bought when we doubled down (and a modest profit on the initial shares).  Especially because, if you double down in dollars, not shares, you come out well ahead.  (Right?  Buy one share at $14 and two more at $7.  When the stock gets back to $14, you have $42.  A nice profit.)


And now . . .

Meet Stella.  She’s 16.  I think you’ll like her.  I don’t want to spoil it by telling you what the 5 minutes are about.  Let her tell you.

 

Post navigation

← HR1 Would Make America A Democracy
Seriously: What WOULD Jesus Do? →

Quote of the Day

"So I'm looking at a house in Sherman Oaks and it's 100 grand, and the realtor says, 'Well, it's got a great view.' For 100 grand I'd better open up the curtains and see breasts against the window."

Garry Shandling

Subscribe

 Advice

The Only Investment Guide You'll Ever Need

"So full of tips and angles that only a booby or a billionaire could not benefit." -- The New York Times

Help

MYM Emergency?

Too Much Junk?

Tax Questions?

Ask Less

Recent Posts

  • Emergency Planning and The King's Speech

    April 30, 2026
  • Here's Where We Are

    April 29, 2026
  • 3.8 Million Views

    April 28, 2026
  • "A DAMN GOOD IDEA"

    April 27, 2026
  • Must-Read Dowd; Fun-Read Hawley; And Look What Got 650,000 Views!

    April 25, 2026
  • The Most Important Piece You'll Read All Month

    April 24, 2026
  • She's Been A Republican . . . Forever

    April 23, 2026
  • Are We Trapped?

    April 22, 2026
  • The Court

    April 21, 2026
  • A Nurse, A Drunk, The Pope And A Surgeon Walk Into Shanghai's Pulmonary Hospital

    April 19, 2026
Andrew Tobias Books
  • Facebook
  • Twitter
©2026 Andrew Tobias - All Rights Reserved | Website: Whirled Pixels | Author Photo: Tony Adams