Go-With-Throttle-Up (also knowns as "Long and Strong COMPAQ) was lambasting me (and others) last week on RB for having the temerity to suggest that COMPAQ should be treated as a trading share. Yesterday, like Saul on the road to Damascus, he saw the light and fell of his horse. I could never understand why someone who defined himself as a long-term investor who eschewed active trading would sit in front of a computer all day tracking every single trade. Anyway here is his own Declaration of Freedom. I have bold-faced the crucial part.
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By: Throttle
Reply To: 9411 by Combaq Monday, 14 Feb 2000 at 9:22 PM EST
Post # of 9449
Compaq Babies, Bashers, Idiots, Liars, Psychics, Shorts, Traders, Whiners, and even some Investors.
I have completely had it with every damn one of you.
I have repeatedly said to "Think 2000: The Year Of The Compaq Longs!"
I have repeatedly said to "Think: Holiday Season 2000!"
I have repeatedly said to "invest." That word has a specific meaning. It is a word understood by funds/institutions and virtually few small-time investors. But then, that is why only about 10% of small-time investors are very successful. The other 90% are fodder for the funds/institutions. And it is this 90% who continually bash the funds/institutions for "taking advantage" of the small-time investor. Needless to say, the 90% do it to themselves.
I am so damn impressed with all of the 20/20 hindsight. I am so damn impressed with all of the bashers/liars who continually buy at the lowest price and sell at the highest price. I am equally impressed with the shorts/liars who continually short at the highest price and cover at the lowest price. What a bunch of market gurus. Of course, you should be working at the funds/institutions as a professional money manager because, as even admitted by those professionals, it can't be done! But you continually accomplish the impossible. And that is not to say that sometimes we ALL get lucky in "timing a trade!" But it is damn rare and over time, you lose.
The greatest investors of all time have continually stated to invest in great companies and keep your eye on the target. Not every damn up and down. Your eye on the target. Period! When your investment reaches your target, take your profits and move to another. Over a long period of time, you will be extremely successful. To do other over a short period of time, you will go nuts and lose because you will make EMOTIONAL rather than LOGICAL decisions. Small-time investors are famous for EMOTIONAL investing.
It is expecting too damn much from the 90% to understand that the price is going down on EXTREMELY LOW VOLUME and that the funds/institutions are ACCUMULATING. But the funds/institutions are INVESTORS with a time frame longer than their next potty break!
All day long I watch the small-time chumps dumping shares to the long-term funds/institutions. But you market gurus with your 20/20 hindsight have all of the short-term answers. The great money managers enjoy the fodder and move on to another INVESTMENT.
I read one post after another from idiots who post WORDS and NO DATA! When I challenge them for EMPIRICAL DATA, I am considered the "sh_t for brains" because they should NOT be challenged. Their rhetoric is sufficient to prove that they are correct.
I could go on and on, but it is not worth it. I have better things to do. I don?t need this crap!
I have my Compaq INVESTMENT and my TARGET! I plan on making my ONE HUNDRED PERCENT return within my one-year target. I have ALWAYS made my 100% because I invest in GREAT companies. But I don?t need to sit here hour after hour talking to a bunch of bashers/idiots/liars/shorts and preparing EMPIRICAL DATA to help people make INVESTING decisions. Go buy your own damn tools and spend your own damn time.
I am successfully retired and the markets have been my home for 33+ years. I really enjoy INVESTING. But tomorrow, I am going to establish a TRADING ACCOUNT and start having some fun, just for the hell of it!
Buy/Sell/Hold Compaq. It is up to each and every person to make the decision. I have made mine and will look at my INVESTMENT come Holiday Season 2000!
Rex Butler said it beautifully and it truly applies to everyone else?s investment: "Frankly, Scarlet, I Don?t Give A Damn!"
Long and Strong: CPQ!
Short and Weak: BABIES/BASHERS/IDIOTS/LIARS/PSYCHICS/TRADERS/WHINERS/
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