The core of value investing necessarily stems from a contrarian outlook. Many of history's most successful investors were value investors and made a habit of betting against the market when the evidence supported doing so.
I am not overly familiar with the term
value investing, but as I take it, it is generally buying undervalued companies, and I understand how you have used it to describe your valuation on ASICMINER; taking a position where you see it as overvalued.
Competent investors do not buy companies where the potential for forward earnings is based entirely on their hopeful speculation.
Surely you would also apply this logic to a short position too?
...reasonable estimations of long-term profit margins and AM's relative share.
So others may have hopeful speculation, but your analysis is a reasonable estimate?
I fail to see anywhere that your valuation is based on anything other than your own speculation.
... rational inspection....
... the vetting process for my stance on AM has been thorough ...
... I use data to synthesize my outlook....
... I can make informed decisions ...
... my informed decisions....
Now you might be right on the money, but I put it to you that your confusing posts in this thread are designed to attempt to manipulate the market in a small way, and this too forms part of your investment strategy.
I only attempt to dissect some of your posts in the interest of balance and clairty.
Feel free to continue with your obfuscatory analysis.