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Technology Stocks : TAVA Technologies (TAVA-NASDAQ)

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To: Richard S. Schoenstadt who wrote (9293)1/22/1998 9:26:00 PM
From: Mike Winn   of 31646
 
All,

I am amazed about all the intelligent and healthy debates that are going now on this thread. This is contrary to the state about a couple of weeks ago where every dissident opinion got immediately shot down and the messenger got lynched. I have been in stocks where I had very large position and I also had the tendency to defend my stocks very ardently. But when I defended my stock and my arguments sounded so weak against the opposition, then 99% of the time I have picked the wrong stock and the opposition was right, and the price will drop. And then when I had such conviction in my stock that I could care less about what people are badmouthing my stocks, then 99% of the time I was in the right stock and the price will rise subsequently.

So this SI is a good place to do your own sanity check. Don't worry about people causing the stock to drop if they said something negative. The proof is I have been posting negative comments about this TPRO stock for about a month now and there is almost no change in the TPRO stock price. So I alone cannot single handily cause the stock to drop. It's true that when a lot of people start seeing negative factors in a company at the same time then they will sell and the stock will drop. Would you rather see them expressing their negative thought here so you could be warned or would you rather stay in the dark and not knowing what other people are thinking about the stock (and when they sell)?

Before the advent of Internet, I invested in stocks completely unaware of surrounding factors that cause a stock to move up or down. I basically bought or sold stocks on impulse, and either made very little money or lost a lot of money. Here we have all the ability to get informed, let use it to the best to benefit our investment decisions. Since the time I use SI and the Internet to stay informed about my stocks, my percentage return each year has always been in the double to triple digit.
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