I don't get it how the guys who do this for a living can't see these things coming. As it (EGSR) went up, I don't think I read even one post about anything potentially negative. #1 pick of many. I read both writers here and many other places AND "professional" writers before buying. When they missed their filing, I sold just because it did not seem right. I kept reading and felt all along that I made a mistake because of the continued positive words by everyone. Thank goodness I had all my funds committed or I might have bought back. Just makes the point that what 99% of people say is based ONLY on where their money is. It should be, they put their money where "facts" have dictated they do, yet most stock traders are not interested in facts at all. In "fact," the entire stock market has nothing really to do with facts or investing anymore. It's all momentum driven. Get in, invent "facts" if necessary, and then tell others to buy. It happens from the lonely guy trading $5,000 all the way to the CNBC financial "W$ores", to the way overpaid fund managers who live in the other world occupied by entertainers, sports figures, corporations, and government "leaders." These people all believe they are on the planet to TAKE from the masses who are not as smart or talented or deserving as them. That's why you can have outrageous or non-existent PE ratios and the talking, pimping, bought-and-paid-for financial press keep spouting words to the sheeple like they actually know something. That's why, at some point, the "market" will correct to where it should be, and that is about 50% less on average than where it is. The last half of the 1990's distorted all statistics to make the "market" and what it really is and does a big joke.
I get real irritated when things like EGSR happen because I know real people somewhere have been hurt by the TAKERS once again. I just hope these TAKERS all get the shaft when the markets implode at some point. Of course, I'm relying on natural order to eventually override manipulation and crooks, but who knows? In today's entertainment-worshipping society, I may just be the fool in the end.
I remain,
SOROS
ps I'm sure I'll get the standard come back -- "you don't have to play here if you don't want to." It's the same crap words they use when people talk about too much garbage on TV, internet, etc. There is no "right and wrong" for these TAKERS and entertainment worshippers. They give not one bit of thought to children or those less fortunate. They care less about the future society for others. Everything is based on #1. This argument just shows what selfish, scum they really are. |
