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Microcap & Penny Stocks : AQCI where do you think it will go -- Ignore unavailable to you. Want to Upgrade?


To: Graystone who wrote (1570)7/25/2004 3:48:23 AM
From: Graystone  Read Replies (1) | Respond to of 1579
 
The Far Shore

Jack invested in stocks which have convoluted stories, stocks which need believers. The distinction between a believer and a true believer may be small but in the world of investing it is critical. As soon as you invest in a stock you have become a believer. You have not become a true believer but you are a believer, you have expressed your belief in a tangible fashion, with your money. I cannot determine the quality or commitment of your belief and it doesn't matter, the thing that does matter is the fact that you believe. If you have taken a long position you believe that you stand to make some money if the stock moves upwards, if you have taken a short position you believe that you stand to make money if the stock moves downwards. It may not be apparent when you make an investment that you have in fact entered this war of belief and that you cannot stand aside, you must be in one army or the other. It isn't necessary to go to war, at any time you can exit, sell and you are done. It isn't necessary to fight, join in a large enough army and you are practically guaranteed a passive role but the risk of being drawn into the actual fighting has increased for every believer. If you went long in Enron feeling that you would never see battle you were probably shocked when you ended up at the front with no warning and no chance to flee.
There is no way to invest without becoming a believer.