All Hail Obwon!:
-----------------------
[from a Raging Bull post, in which Obwon discusses the human condition]
ragingbull.com
By: obwon
Reply To: None Monday, 6 Dec 1999 at 3:21 PM EST
Post # of 25336
Yes, it probably costs...
Lots of dollars to get those reports out there. But, remember, people with such funds available, quite often have cultivated connections before hand as well.
Many financial reporters don't do very much research at all. Like most human beings, they rely on such things as trust/reliable sources as much as they can, in order to avoid the hard work and heavy lifting they should actually do.
Unfortunately for many of them, they learn either the hard way or after it's too late, that their reliable source or trusted party had an agenda, and so they find themselves severely damaged simply because they didn't bother to check. Long ago, in pre-information age eras, they could afford to do such things because the public couldn't know or find out what exactly was going on.
Today, we can exchange information more quickly and easily assemble a group of interested parties for chats. So, we almost immediately know what's likely true or false and so the stories being told are coming to reflect more on the speakers credibility rather than having the projected/expected influence.
Most of us here have already seen and read the reports
obliquely refered to in those negative report, or we've at least been party to discussions that have already determined that those so called 'facts' are entirely dismissable/non-operative falsehoods! The investing public may find it's way here, or perhaps come into contact with others who have also figured it out.
The sellers are simply digging themselves ever deeper into the trap they've created. Because, in these their darkest of hours, they need to keep telling themselves that all is not lost. They must constantly remind themselves that they are in control. They must keep hoping and praying that the next sale will be the one to break the investors will. I guess they keep hoping and dreaming that some how they'll come up with some answer, some tidbit, some spin that will somehow do the trick.
Alas, they're highly stressed and feverish thinkings are carrying them off the deep end. Covered with sweat and experiencing palpatations, they hope against hope that their world will not actually come down around them, the way it obviously is. So it will go until their very last dollar is spent. They may even keep ranting, even as they are dragged from their offices into the street, as though all is still as it was and they are still at the helm.
Such is the human condition. They dare not and cannot turn around now. Just as we were given to fret over our declining investment, so are they now freting over each little rise. Soon, frustration will set in and their last attempted blow will seem quite foolish to us, but to them it will seem to make somekind of sense, they will be so desperate that they will not see the falacy of what they are conspiring to do. Of course, their peers, some of them, have already lost confidence and are abandoning the chase. The rest go down with the ship. Oh well, who needs these kinds of people in power? Ans., No One!
They will be weeping and gnashing their teeth!
We will be dancing, wining and dining on
The Boulevard of Tropical Dreams.
Obwon
Who sees the writing on the wall.
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy; LT Rating- Strong Buy)
|
