TGL WHAAAAAAAT! Alerts, thoughts, discussion. Message Board

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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Susie924 who wrote (73044)	12/2/2000 1:41:03 PM
From: Jim Bishop	of 150070

Thanks Susie, here's the full article. Personal Responsibility During a Down Market By Giando Argentina Published by OTCNN.com 11/30/2000 09:05 AM CST Since its no big secret that the market stinks right now, I will stray away from stating the obvious and expand on a previous commentary about personal responsibility. Personal responsibility in investing or trading basically comes down to accepting the fact that ultimately no one else decides to buy or sell but you. In a market such as this it’s not too difficult to find disgruntled shareholders complaining about someone’s stock pick or advice. When the market turns sour so do does the mood of the market participants and human nature is to find the blame for a dwindling portfolio. Of course only a select few participants can place the blame on themselves for bad decisions. The majority wants to find the scapegoat, the person who recommended a certain stock or maybe blame bashers or MMs or maybe even the market. In fact many times the people who now catch the most grief for generally bad market conditions are the same people who last winter received all the gratitude for over inflated portfolios. It really is amazing how few investors actually take responsibility for their bad decisions, but that comes with any downturn in the markets I imagine. Something else that’s amazing is that a few investors complain about certain stock recommendations that dropped in price without taking into account the rest of the market. I think the people that take in what has happened the last six months and hone their skills during bad markets will be the ones to profit form the next upturn. Complaining and placing blame on everything but the personal decision making process is counter productive, whether in trading or life in general. So the market stinks, just about everyone’s stocks are down and you bought a stock on someone’s recommendation that’s down too. No reason to get angry or belligerent, if everyone was able to pick perfect entry and exit points they wouldn’t be giving out picks on the Internet and definitely not for free. So this could be a time to settle down, quit blaming the MMs, the crooked markets, CNBC and every one that gave out a stock pick, and get back to making some money in the markets. Ultimately everyone makes his or her own decisions and placing blame detracts from the learning process. otcnn.com

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