>>Now with the meltdown of darlings like QCOM, GMST, CTXS etc and the take off of RMBS everyone seems to be confused.<<
I have seen a number of boards where the stock followed has had a fall, and often they become almost unreadable, with harsh words and I told you so's. Considering that QCOM has fallen from 200 to 60, the focus on the fundamentals, and the largely unwavering belief in the company's gorilla status on this board has, to my mind, been incredible.
Similar with GMST. We know we are early, we know we are taking a risk. I think that has been stated rather consistently.
This board has always been about the relentless examination of the facts, and careful scrutiny of the gorilla/king attributes of the companies under discussion. What changed last fall was that just about everything was going up and therefore any shiny pebble brought to the stage got an ovation as its price rose.
Besides, the stock market is a confusing place and making money is not easy. So someone hypothesizes that a stock like CTXS has great potential and is a worthy investment, even if it is not a gorilla or a king. Then the stock goes up and they are "proven" correct. It goes up more and more proof is in. Then it falls like a house of cards and everything is changed. Sure is confusing. Yesterday's good story is today's tragic ending. But rather than cause disarray, such events increase our focus, perhaps teaching us the risk in straying from the "rules".
StockHawk |
