Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Beat The Street With SI Traders -- Ignore unavailable to you. Want to Upgrade?

To: Cogito Ergo Sum who wrote (56878)	10/27/2010 7:40:35 PM
From: ogi	3 Recommendations Read Replies (2) \| Respond to of 233952

How about letting it go already ? Let us beat the street not each other.

To: Cogito Ergo Sum who wrote (56878)	10/28/2010 9:32:11 AM
From: E. Charters	7 Recommendations Read Replies (2) \| Respond to of 233952

I know I jumped on Condor and his rep rather hard. I believe I did it, although some would aver nay, with good reason. I ran into this all the time when I did my newsletter. People expect you to tell them about good buys, then they want a CDN tire guarantee, and if you ever sell the old car, they want you to phone them up and tell them the Ralph Nader report. And if you don't do all that they run around the neighbourhood telling people you are a crook. This attitude about how you may be beholden to people for simply stating an opinion about a possible mover is childish at best. If they want you to be a stock advisor then they should pay you what it's worth. It is a lot of hard work and very tricky to stay out of trouble. They expect you in the retail broker trade to phone them on the golf course if the stock appears to be taking a nose dive. They will thank you effusively for selling them out of losers, but if you think it's tanking and you sell them out and it takes a turn back up ... wait for the hearing.. and kiss your license goodbye. People on this thread and any other simply have to stop shooting the messenger, expect or demand hand holding, and be responsible for their own trades. The people who complain, or "call it like they see it" as if everybody who talks about a stock must also publish his portfolio, are being a bit naive. And that part about not starting a stampede out of a stock is not trivial. If a Carter, a Kaiser or other gives a stock the trash signal, it does usually cause a run condition. You have to watch it. People are trying to finance often, and in this market especially if even 10 people dump their positions they bought at ten cents, a major group could follow. You might think it no never mind, but if 20 people with trivial investment at ten cents, say $5K each all want to sell at a dollar, then the broker has to find support for $1 million in buying in one or two days. Bye-bye financing. Take a look and see how many stocks in the Yukon are selling a million shares a day. Condor's little innocent postings are a sign that he expects far too much, and his sotto voce plonking about red getting out of ALN being a crime if he didn't phone Condor about his decision may have given some the impression that he was obliged too, wasn't he? Well he was not. It is that simple. The implication is that somehow Red absolutely knew when he sold that it would not come back. How? This is the 20-20 hindsight error. You and 1000 other people did not know where ALN was really going, so how was he to know? Even if he had visited the drill site and looked at the core, he does not have to tell us that. It's still his opinion and guesswork. It's his business. It is not the same thing at all if he reads the news and decides to take a chance on the stock and tell a few people. That makes sense. He is part of creating a play, but he has no business, unless he is has a time machine and we alone are his friends, to let only us in on the secret of where it may go at any particular price. The main reason he has no business is that it would be a self fulfilling prophecy if he did and he could be accused of profiting from that. It may surprise you but in some cases the SI crowd could be a good portion of the market. We can't all sell the stock to each other and expect a market. I know I mentioned a few stocks at one time and saw them triple. I hammered KRY a few years back and quite a few people thought I was at least partially responsible for getting them to 8 bucks. And some of those people worked at the company. And some of them forgot to sell to break even before the court decision, and blamed me for their losses. I lost about 25K myself as I was out staking when the decision came in early. I know for a fact I induced enough buying to triple some stocks just by mentioning them once or twice on SI. When you know that is happening it pays to be responsible about what you say about a stock. One time I did it and the company split 2 for one and merged, trashing the price. Of course the company wanted mention and told me so, their targets seemed reasonable. They forgot to tell me the takeover boys would be issuing 40 million shares for their so so properties. So sandbagged again. Never again. I think on balance we have to think about how to handle this rise and fall aspect of our SI retail market. It is not the whole market to be sure, but if we get in, it is one thing. Getting out is a whole other thing, and that part of the equation we had better agree since none of us possesses a time machine, need publish their portfolios, nor wants to exploit shorts while dumping on the stock (do we?) - that we had better handle by ourselves. We are past 21, should be able to sell half on the double, ride the free stock and avoid starting a stampede just in case some of our friends might want to hold on longer or wait for the next drill holes. IOW we should be able to watch our own stock by our age. The other side of the coin too, is what if he routinely dumps on a losing proposition in his opinion, it trashes the stock and he rides shorts? What then? hmmmmm... EC<:-}