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To: Randall who wrote (57)2/11/1998 7:40:00 PM
From: David Lawrence  Read Replies (1) | Respond to of 263
 
The problem you will encounter is that shorts or people who are negative on a stock will be viewed by the majority as "bad people". I've found that, more often than not, the shorts are at least as well educated on the fundamentals and technicals as the longs, but being in the minority they are often shouted down. They tend to be treated as a hostile witness, and must respond in the same manner.

The RACE thread comes to mind as an example. A $22 stock a little over 12 months ago, now you can buy all you want for $2.50. 28,000 posts on the regular thread, and almost 36,000 in their Clubhouse. They had and have a very loyal following, comprised largely of intelligent, well-informed, well-meaning people. Yet, all the way from $22 to $2, let someone negative on the stock show up and the crew was ready to pounce on them, denouncing them as a short seller and promoting the imminent good fortune of the company.

The RACE thread is certainly not alone in having these characteristics. It is the nature of the masses to hold a long position, and to be negative towards anyone who promotes a contrary opinion.



To: Randall who wrote (57)2/11/1998 7:59:00 PM
From: David Lawrence  Read Replies (1) | Respond to of 263
 
Whoops. Posted this to the wrong thread! Just hit the ignore button.