TBG, "Great minds think alike, but small minds never differ", is a slogan we have here. Also "Don't let a slogan do your thinking for you!" is another very good slogan you should always use. Having a small mind should not be considered bad. It saves thinking about too many things. Ants for example, have very small minds, but they seem to do rather well. There are certainly plenty of them.
Re GOOFs, "There are many ways to skin a cat". Though that would be rather insensitive to say on the Loral Thread, where they discuss Ratcat Snake Coats for funky babes in Texas [in front of a vegetarian cat lover I should add!!!]. The smaller the brain, the more easily to stay in synch as the less there is to disrupt the synchronisation. I hope that is not the cause of any sychronisation we experience.
I have done two IPO Goof buys [in fact the only two buys I have done recently other than a 72 hour Lurchdown GOOF episode in Qualcomm when its price dropped in total panic at the last quarterly profit crash which gave me a GOOF buying opportunity returning paper profit of 60% in a month]. The IPO Goofs were Globalstar: $20 IPO down to defeatist $12 which was my buy price. The rest is history. Qualcomm; I missed IPO and laid in wait for 6 months and sure enough, GOOFdom arrived, but I missed the chance by 18 hours due to being cautious; wanting to check the company out by visiting it. So I lay in wait for another 2 years and pounced at the bottom of a trough.
It seems to me that the key is intimate knowledge so that when others are falling about in a faint, at fear of the loss of more of their hard-earned money, the intimate knowledge gives one the confidence to step up to the table and buy. Since you mentioned chess, it is similar to Deep Blue vs Kasparov when Deep Blue went mucking about chasing pawns although under a terrifying onslaught. It knew that it would have just one move left to forestall the attack so was able to fiddle, gaining a winning advantage, while Rome apparently burned.
Selecting the stock seems almost as simple as using a dartboard. All seem to be subject to wild enthusiasm [at IPO time especially] and terrified panic or dull defeatism. I suppose the IPOs to target would be the ones most frantically followed. Netscape? Yahoo? Iomega [though not strictly an IPO].
I've formed a company and plan to use it as my "gambling speculative momentum trading money bin". I need to get these strategies clear in my mind [which shouldn't take long as I find I'm in synch with everyone].
GAN |
