Hey Trevor,
A pump-and-dump posting scheme on a public stock using a narrowly read bulletin board like SI is... well, kind of like pulling a battleship with a rowboat.
I'm sure if one kept it up for long enough, one might budge things a bit. But anyone with a few neurons to rub together might soon figure out there are easier ways to make a buck.
As if anybody really cares what one individual's opinion really is. I figure arguments stand on their merit. And meritorious or not, the ticker on the day of purchase or sale is the final arbiter.
Meanwhile, separating phony bias from actual bias is, for some, an interesting exercise. I note with amusement you posting to some guy like RobV about bias without once suggesting that an analyst at a firm making a market in Qualcomm with ratings constantly "accumulate" or "buy" isn't suffused entirely with agenda.
Who is most likely manipulating the market? Rob? Or Goldman?
And what about those "neutral" brokers? By fomenting discussion, don't they create churn amongst the fuzzy-minded weak thinkers? Don't they gain merely by crossing buyers wanting to buy with sellers willing to sell?
When a banker advertises to me that a huge chunk of his inventory would be a steal at the price he's fixin' to sell it to me at, I gotta wonder. When a broker compensated on movement of inventory (buying or selling) creates discussion, I gotta wonder.
When some dude like RobV who obviously thinks CDMA isn't the only game in town when it comes to bit transport protocols says so, what's a dumb guy like me to think? Particularly when I agree with some of what he has to say (regardless of the "color" of his postings)?
Sure, for all I know RobV might be Irwin Jacobs in disguise, trying to get the stock down just before he issues another round of stock options to his son (in a kind of "estate planning" kind of way)... but somehow I doubt it. This kind of thinking is mostly a waste of time. In my obviously not so humble opinion.
But here we do agree: "The main value of this thread (as opposed to others) is not in it's insightful commentary but as a barometer of the current height of unreality. "
And here: "This market is in the dying throes of your way which is only nourishing a more enduring direction."
Which is about as near, I think, to "you are right" as I'll ever hear come out of your mouth. So I'll take the compliment. You're welcome.
John |
