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Technology Stocks : GX Investors Thread
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To: qveauriche who started this subject8/24/2001 11:36:49 AM
From: BWAC   of 586
 
And the whole problem just might be this:

"I don't care what the company does. I just trade it."
To some today GX = $x.xx + or - .15 at any given moment to moment change in time. Which translates into a chance to profit. Well great. I trade, therefore I am (choose whatever is appropriate). Group#1

Inversely, I suppose some "Care what GX is building. And intend to invest in that". And a certain subset of this group trade as well, with an eye toward remaining close to being invested in GX at all times. Group #2

So? Why does Group #1 have such disdain for Group #2? Does learning about a company and investing in it affect the profit opportunities of Group #1 which may just be following a momentum trend? I don't know? It must be something. When Group #1 reverses course with the trend and plays the upside, and GX hopefully one day becomes grossly overvalued yet again, will they be hounding Group #2 about selling their investment?

Can't win for not being a willy nilly swing it far and wide momentum trend to the max borrow what you don't own minute to minute trader. Investing be damned.

But oh well, for every trader, there is a tax return in need of preparation somewhere. Finished an extension return yesterday. $1700 <g>

For the record. I think you will do better in the long run by falling into Group #2. One of the richest people I know told me to "Never trade a company, that you wouldn't also invest in at the same price".
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