beginning to take on a childish slant
Lets try to remember how this silly list got started. GNET had been trending down for weeks (the whole sector, really) The hard core longs had been averaging down and getting beat up by the stock going down even more. We were starting to get a little dispirited here on the thread. This is when long term holders are the most vulnerable, you start to doubt your judgement. A short term trader in GNET came on the thread to say that he was selling and that most of the long term holders had sold. This statement hit a nerve with Josef, GNETs biggest supporter, he challenged this poster by saying basically....where is your proof that all these long term holders are selling? And that he was one long term holder who didn't sell. And it just took off from there, people chimed up, taking a number as they went, supporting Josef and GNET in a totally spontaneous way. This first round of "number taking" happened so fast that people were basically posting simutaneously and all the numbers got mixed up and out of order. It took Pareto to go back and put it in order.
The funny part of this story is that, the guy, said he was selling GNET to get into CMGI. This was May 17 , I looked back on the quotes for that date...GNET closed at 64 5/16, CMGI closed at 124 3/8.....six weeks later, I'm looking at GNET at 69 and CMGI at 93 7/16.
The most important thing you have going for you as an investor and the thing you have to protect is your confidence. Short term traders and short sellers are always trying to attack that, what we can do here is support each other....and when someone makes a blanket statement that is obviously wrong we can do what Josef did and challenge it. Stand up and be counted against these guys. (just my bits)
For those of you that want to follow the thing first hand, it starts here:
Message 9570178
Message 9570479 |
