If this thread were more busy, I'd feel more resistance to post unrelated posts, but I'd probally post them anyway!-g-
Regarding efficient market theory, its not a very good theory imo. By finding the mistakes the market makes, is how to make money. In BOCI's case, I believe I have found an overvalued stock, as its fundamentals are deterioating, execs are being fired or leaving, OEM contracts are being lost, margin pressures continue, bigger names are entering the market, no plan (to my knowledge) has been released to shareholders detailing a turn around strategy (does one exist?), etc.
Despite this, we have high pressure brokers continuing to peddle this stock to "retail" investors, selling a "bottom fishing" story. I also believe we have investors buying at these prices to "average down" from their much higher purchase prices. On a technical basis, the trend continues to be in a strong decline.
Regarding your "effort" comment, I find it interesting that opinioning a long position is accepted without being accused of trying to move a stock price, but opinioning a short position, one gets accused of trying to move the stock price. You're not alone, and I'm not trying to single you out. I just find it interesting.
I am confident of my position. If I am right, and I save some investors money because they reevaluated their investmetn, or asked their broker some good hard questions, all the better. If I'm wrong, I lose, and probally a majority wins.
Until the internet and sites like SI, the media had all the power and contol of the desemination of facts, and opinions, and they had an inordinate amount of power to make stock prices swing one way or another. That unbalanced lever, thankfully has started to change.
I also welcome any attempt by anyone to post a long story, so I may further "test" my position. To date, I have not received a long story.
Even Coke went from $70 to $58 "over night".
Good Trading. LF |
