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Non-Tech : Iomega Thread without Iomega

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To: rll who wrote (6591)	1/22/1999 6:24:00 PM
From: Ken Pomaranski	Read Replies (5) of 10072

Sorry rll, Anyone who posts opinions that don't agree with the group 'dreamworld' view of the world gets run off the thread. This behavior is very well documented in many good books. It is very damaging and destructive behavior. it also can be very evil. It amazes me how this thread matches the textbooks perfectly. I've been thinking about writing a paper... The reason groups form (like this one) is that people don't want to be investing alone. It's too scary. So what they do is form/join groups with people of similar views, mainly to try to feel better about their position. When they start feeling down, they join the group again to get a boost. The Utopia is when there is no challenge to the beliefs. This helps people sleep at night. (who cares if the investment sucks, there's other people suffering with them!). When someone posts something that doesn't agree with their views, they immediately become the 'enemy'. They actually lay fault on the stock behavior on this person! The truthsayer is the enemy, when the real enemy is actually their cohorts on the thread. In any group their is always a 'policeman', a 'leader', several active participants and tons and tons of lurkers/followers. Funny thing is, the more the truthsayers post their views, the more the people on the thread get emotionally attached to the stock. Most would rather see it go to zero than take the chance that it will rocket right after they sell it. (sound familiar??) One interesting thing to note: Stocks usually move in the OPPOSITE direction of the prevailing view of a thread. A little food for thought... have a great weekend everyone! kp

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