larry boy,
Your response to Fleck's column is typical of those who refuse to open their eyes to the possibility that the market is seriously overvalued and headed for a serious fall (or even a moderate one). Rather than debate any of his arguments or observations, you simply point out that some call he made was wrong (at least you think it was) or that he has been bearish for some period of time while the market's gone higher, and conclude from this that nothing he says is worthy of your consideration.
I know nothing about EGHT, but the fact that it has gone down since you say he recommended it in no way proves that he is wrong about the stock, the company or its prospects. If his reasons for liking it have not changed since it was at $12, then if it was a buy before, then it should be a screaming buy now. Since I doubt that "momentum" or how many times it was mentioned on CNBC in the last week are among his stock selection criteria, I doubt he cares that you have labeled this a bad pick just because it is down from last September. In case you never noticed, good stocks go down sometimes.
BTW, had you noticed, larry, that the gains in the Nasdaq Composite from last October to now are a big fat ZERO? Does that make someone who said to buy Nasdaq stocks last October wrong? Of course not. Why then is a bearish call that is yet to be proven right or wrong a bad call?
Why don't you present some counters to his bearish arguments instead of complaining about his "tone" or the way he closes his column? Should we have dismissed Walter Cronkite because he ended his broadcast the same way every night?
Good night and good luck,
Bob
PS: From your posts, I think you can only dream of having the success, market knowledge, or good sense of a Jimmy Rogers. Try listening to him sometime (or Fleck for that matter) - you might learn something from him. Even when you don't agree with him. |
