To: Murray_Mac who wrote (57010 ) 6/1/2000 5:06:00 PM From: Wolff Respond to of 122087
Murray Mac, I think your posts here, are examples of the kind of hype that can lock people into the trades. He made a mistake, its really a shame, the fact that people get hurt in the stock market is a real shame. When you have stocks flying on Zero earnings, and people say the new economy means that earnings are moot---the whole InterNut stock bubble---people end up getting caught. No one is happy about it, no one. But at the same time, its the danger of investing. He said he was talked out of his better judgement by following the boards. That was a mistake, a mistake for everyone to learn from, as Mamabear offers out for us to read and learn, note the Contrarian wrote the article in the first place, to educate. Murray Mac -----Looking at your postMessage 13543009 I can not help but wonder if it was posts along the lines of this of yours or other simular ones that were part of what convinced this investor to hold on, inspite of the dangers, and his over allocation. The stock was at 14ish that day May 2nd, but the stock had already collapsed once to 6ish on April 14th. The stock has never come up higher than since your post telling all you felt it was a strong buy.chart.yahoo.com Its very likely that such a strong post could lock people in for another day. Essentially freezing their investing psychology, the offer of hope is a strong force. But after your post the stock just dropped, it has never come back to that level. Its my opinion that your strong recommendation was a mistake. So again I think that looking at this and learning from it as Mamabear offered out, is of benefit. What is your take? I think you need to step back and examine what happened and why. Pointing out dangers to others is hardly patronizing. hasta