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Although this thread tends to be about fundamentals, at its core it's about making money, just as most SI threads are. Craig said to go long on YHOO, Roger said to short YHOO in his first post. Roger had (and still has) the fundamentals correct, but the short is a losing position for now. So why should we listen to Craig? Because doing so might have helped some people avoid shorting YHOO and losing money, or getting a margin call, etc. Not that Craig is always right, but neither are any of us here. (no offense Roger, I would have agreed with your decision to short YHOO on fundamentals in January)
Shorters need to focus not just on the fundamentals, but the momentum of stocks and how they get that way. Whether Craig ignored the fundamentals is not the issue here, finding the stock's direction regardless of its fundamentals is the key for all of us, long or short. We make informed decisions by listening to many information sources, but in the end we are "gambling" by taking a chance that our analysis of a stock's direction is correct.
Your methodology may not be identical to Craig's, but it doesn't mean that his methods are wrong and yours are right. Don't assume that we are all marching to the beat of any one particular drum. If anyone had a foolproof strategy to stock picking, they probably would not waste time on the threads ... |
