Further to my previous note... I think that we have to allow everybody to retain their self-respect. When they turn out to be wrong, they will know it. There is one other stock that I followed on ihub for several years. Ofter it went sub-penny I inquired to somebody, a Long, how they felt about my posting and how they fared in the stock. They said that they did not mind my posting and that they had lost $20k. They sold at $1.50. I congratulated him on the guts it took to sell at that time and accept his mistakes. I followed that one right to the ground. I could do that though, as it was a tech stock, and that was what my background used to be. It was very predictable.
The Longs on 'hub right now are in the same predicament. I don't think that a purely logical argument is really of much use now. They believe, and it can only be argued with to a point.
The one thing that is unique with JBI is the level of ambiguity around it. Even this last bit with the SAIC report. I did my take on the numbers, the pumpers did their take, and soon everyone is doing backflips. Well, who can argue with it? Frankly, the information is so ambiguous that it is impossible. And JBI says the document is real. They are either outright lying, SIAC got paid alot of money and is outright lying (and they are not that unethical, that would hurt their business), or we are all very wrong here and JBI is a winner.
Either way, there is so much ambiguity that it is a drama that always seems to have another Act to play, and it gets better all the time...
One final thought about allowing people their self-respect. In another vein, I used to post a fair bit on an automotive site, a self-help do-it-yourself mechanic's site. One day this guy was setting up his carbs and posted the following problem: he had leaned the carbs out as much as he could (by turning the big screw clockwise) and still the car was barely running and was running very rich. Lots of people tried to help him. They suggested taking the whole carb apart and machining the needle, all kinds of things. This had gone on for an hour, and this guy was pulling his hair out.
I made the following suggestion: "are you turning the screw the right way, remember it is upside down". The carb has a bell that stands up in the engine bay and a big screw underneath, pointing up, that controls the fuel mixture. Well, clockwise means counter-clockwise when viewed from above the carb. You have to reach underneath to make the adjustment.
There was maybe a 5-minute silence.
This was not the time to post further helpful information. Finally a weak response was received: "...(me)... that's it. I know that is it.. I feel so stupid... ". He felt like an idiot. Happens to the best of us. He had been working on this for days in his garage.
Lesson Learned for all of us: sometimes Less is More. |
