Dan, if they are idiots,and don't understand the psychology of investing,they may have left. Go around the block of SI a few times,see where people are panicking and bearish and where they are euphoric. My negativity was a sign of a potential buy,and was done partially tongue in cheek to boost the stock. I understand human behavior and how market psychology works. Sort of why I bought BAY at 20,when everyone was saying it was going out of business,it has no chance of surviving,it needed to get bought out. Well some idiot mutual fund managers were quoted in Barron's saying they were shorting BAY. It fell to 15,and has been straight up ever since,look at its chart. The crying is really loud in companies like ANET right now,and no one is looking at what they are doing,or where they are going, They bought Sourcecom for pennies on the dollar in chapter 11,and will be using the gateways for Voice over IP,they have bought a large stake in Netspeak in Boca. If they can establish themselves with Voice over Frame,Their Gateway 6000and 9000 establish a presence,we could be looking at another VOCLF,potentially. If you look at all the crybabies,who are not paying attention to the company,but nly the stock price,you will see the market psychology. Same thing happened in SGI,everyone crying,but not looking at their markets or products. I did a great service to those who follow the Ayn Rand theory of investing. Try to perceive where risk is minimal,where people believe it to be high. Our job is to perceive the truth,not to invent it. The risk is minimal,where fear is the greatest,and it is unjustified. Where euphoria exists,and everyone is happy,they may not be perceiving the risk apropriately.
This is a great incubator of human emotion and psychology,and those that learn from it will profit. I would have been doing a great disservice,if I hyped the stock,without regard to the facts.
Hiram
remember markets are all human behavior and emotion and not creatures of logic. |
