<There is so much static out there that it is easy for the uninitiated to be misled. Fortunately, we have a good blend of folks who dig it out and figure it out.>
You're welcome and I agree.
As you can tell, I'm not a fan of hype. Sure tell me the upside of a story. But if I am in a stock or considering getting in, I want BOTH sides of the story, with a *stronger* eye to where I could get hurt - the downside. And while I do appreciate hearing the sales pitch, being conservative, I prefer to know at least as much, if not more, of the breadth and depth of the potential *negatives* on a company. (And I enjoy my "intrigue" in the movies I go to, not while I am trying to gather information on a company.)
There are those here who have large (say, 100,000+) margined positions at somewhat lower prices ($8 has been mentioned as a cost basis for some), and for them, there is an obvious "survival filter" on what is reported here. It is not in their distinct "best-interest" to convey the negatives in a story (not unlike a short who pushes *only* the negatives and would not be interested in conveying or acknowledging positives). There can also be emotional involvement in being "right" and being a supporter in this "game" for their "team".
Pat and others have done great reconnaissance on the known and potential positives of Amati. Truly great salespeople know their product and dig for all answers. This provides a very valuable window on the upside. Unfortunately, when it is only "one-sided" (somebody might break into an improvised "Amatian" song here: "...where seldom is heard, a discouraging word...and the bandwidth's not noisy all day.."), it becomes propaganda and can and HAS wound up hurting those unfortunate to have been wooed by the siren songs. That is obviously THEIR responsibility for not digging further - caveat emptor.
Obviously I follow the Amati thread because I think there IS potential to make money here. But IMO, at this stage (ie., this week), the potential gains are more risky than I am comfortable with, even as a trade. (Not meaning to toot my horn, but 2 weeks ago I mentioned a more reasonable IMO risk/reward stock - CTXS at 28:
techstocks.com )
Of course, not everyone is comfortable "trading the market". But even as an investor, my experience has been that a company (and it's stock) need to prove themselves on a *regular* basis, or have *determinate* and compelling reasons why they have not.
I also want to express my appreciation for EVERYONE'S contributions to this thread. SI is an incredible resource - an investment club unparalleled.
(Unrelated, there is an excellent Forbes article from last year on trading NASDAQ stocks that someone recently reposted to SI, that's worth a read or re-read, IMO: techstocks.com )
The above rambling is, of course, just my 2 cents
Regards and best of luck to all-
Steve |
