I have been investing in the stock market for thirty years, usually very conservatively. I have moved low six-figure amounts in and out on numerous occasions.
I bought NAVR early this year after using Netradio extensively on week ends at the office. When they were unable to pull the trigger on the IPO, I sold out for a small profit.
A few weeks back, I decided that that the parent had enough of a track record that it could support a price of 7 - 9 without any Netradio Internet backdoor. If the IPO went, I figured the gain would be enough to support a price of 13 to 16 and so I I went back in at 11.75.
After reviewing the latest annual report, it seemed to me that NAVR might have enough flexibility to do nicely over the next few years in the rapidly changing music distribution markets. However, except for one key executive, I did not feel that they had what was needed to make a quick Internet score. After all, Minnesota (my home state for fifteen years) is far removed from the centers of the Internet and the music industry.
I was not following the stock very closely until the runup on Friday. When this morning's market weakened, I sold out at 14 5/8 thinking that I had gone in on a basic value proposition and that the stock had achieved about what I expected. At the end of the day I went back with a token investment at 12 .
So much for my experience buying and selling NAVR. What really surprised me was the conduct of the participants on this board. I had never before followed the comments of any board but had relied on more traditional sources.
I was appalled by the lack of ethics. It was clear in several cases that some were attempting repeatedly to influence others to harm themselves in order to further their own interests. I doubt that anyone posting here has that much influence on the market; nevertheless, it seems that a few individuals could be influenced and substantially harmed as a result of the self-serving conduct of some.
If the USMA means what I think it does, then "Duty, Honor, Country" is known to you. You can then reflect on your posts, and you can compare and contrast their content to the code that is expected of you in your professional life.
These are of course just my opinions.
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