I posted on this thread because I read posts here of some people who seem to be having problems with their use of margin, who seem to be in some pain at this point, which in turn seems related to the few stocks, G&K stocks, that they own. You see none of this that I am seeing, (is that correct?), so perhaps I am totally wrong and therefore completely misunderstanding the situation.
aha, we now see the core of the problem. Glancing at a post or two that mentioned margin and losses, along with concentrated tech portfolios, you assumed pain and discontent and good-naturedly tried to offer some sage advice for avoiding such problems by diversification and prudence.
But as Felix Unger used to say, one should never assume. Had you done a little more due diligence--such as reading the thread header, or the thread FAQ, or many posts--you would have understood better the context of the posts you first saw. They came during a thread portfolio survey, when people were explicitly asked to name their biggest mistakes of the year (for the edification of themselves and others), and were cautionary lessons for a group of pretty sophisticated tech investors who pretty much know what they're doing and why.
If you read the thread FAQ you might realize what we are about here, and why your initial comments struck some as snide and obnoxious even though that was not what you intended.
tekboy/Ares@byenow.com |
