Losing a Bet Today

I lost a very longstanding bet today. For those of you that don't know my sneakdoggiedog alias on the InvestorVillage Message Boards, I often hang out on the TIE message board.

Over the last two-plus years, TIE has made me an awful lot of money. Even after it gave me a three bagger from December 2005 to May of 2006, I continued to trade the stock netting decent money swing trading and using options. This was done largely with the help of others (you know who you are) who all pitched in to understand the dynamics of the aerospace cycle for titanium .

As one of the long term bulls on the Board, I soon made a bet later in 2006 that TIE would get back to the $40.00 price tag that the stock held shortly in May of 2006 before it ever hit $20.00 with Denis Cowley (a respected poster on the TIE Board).

Well, TIE almost got there again (see chart) when it hit $39.70 in 2007, but close doesn't count in a bet like this. Denis took the brass ring today when TIE dipped down below $20.00 for the first time (split adjusted) since 2005 and the note on the image (which I knew Denis would appreciate) says it all.

Best to you Denis and thank you for being a gracious winner.