Go figure.........
Jas Cooper wrote(excerpt) to Adam Sornoff:
"I have been watching this thread for a while, and now that I've paid my entry fee, I can respond to this particular string of messages that I find most counterproductive. I find it surprising that many people seem to be acting on this "hollow" advice."
Adam Sornoff's reply to Jas Cooper:
Jas, you mean "hollow" advice verses "expert" advice? A few months ago when FORE was in the mid $30 range, all the "experts" were projecting FORE at the $50-$60 price range. We, as investors, buy a stock in a company/industry that we like and that we think will do well. We study the financials. We Listen to compnay managemet. We listen to the analysts. We read the broker recommendations. And, what has all this "expert" advice gotten us? A stock that got slammed
from the mid $30's all the way down to $10! Ulitmalty, FORE traded
a whopping minus 80% down over what the experts said!
Then, some "non-expert" posts a hunch on this thread on 4/29 when FORE was trading in the $11 range. The very next day, FORE closes at $15.25, up over 30%! Then shortly it traded as high as $17.50!
I don't know about you, but the people who bought FORE in the $30-$40
range after listening to the "experts" got slammed pretty hard.
And as for the folks who bought on the "hollow" advice at around $11, well, they're sittin pretty now aren't they! Even if you bought back in around $15, FORE traded up to $17.50, up 17% from the $15 level! Hopefully some of you took some profits and bought bought back on the dips.
So, the choice is up to you:
a) Buy on "expert" advice = 60% to 80% loss
b) Buy on "hollow" hunches = 17% to 34% gain
Are hollow hunches more "counterproductive" than expert advice?
Or is it the other way around?
Go figure!
Still long on FORE. And, will be accumulating on pull backs below
the $15 range (if any)!
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