To: OtherChap who wrote (504 ) 3/5/1998 5:32:00 PM From: BlackStar Respond to of 717
First of all I would like to state that I regard all this to be behind both you and me. I would just like to close by clarifying a few things.you just dont want to admit that I was right, and that you were wrong. your judgement of my posts is clouded by the fact that you instantly discounted everything I said because you held a long position in NETZ at the time. History, as we now know it, has proved you right. So, yes, I admit you were/are right about NETZ. I am, however, not going to have you say that I didn't g¡ve you a chance. You forfeited that yourself. You never corroborated any statement you made. You never even tried to build any credibility to your claims. I got into NETZ months ago and checked things out to my best ability. That ability is greater today. I saw the info and decided that it was basically ok. Now you expect me to say that I should have let some bozo going 'sell, sell, sell' sway me from my decision? If I did that, I'd be out of investment funds in a flash because I'd never stay in a stock lock enough to even make the commission back regardless of momentum. You were right, I was wrong. You made an a$$ of yourself and I am sorry for driving that point home once or twice, I should have restrained myself...i repeatedly urged caution, and I told people EXACTLY when the last day they would be able to sell above a dollar was. Nobody followed my advice, and two days later the wired articles appeared and the stock is now trading in the 30 cent range. If you care to check my posts you will find that I started to advice caution already at the end of the first day of the run (ie monday). I felt we were going too far too fast. You repeatedly urged selling. Already the first day. If you actually had some information you should have brought forward some verifiable hint. Maybe you did. In any case I never noticed it.how is it crying wolf if my first and only posts about this stock turned out to be correct? because it ran up for 2 days after I started deflating the hype? it crashed soon afterwards. Obviously you never read the story of Peter and the Wolf. Please do. It highlights a central part of human behaviour - the fact that the brain tunes out irrelevant noise. Since you made many, small and uncorroborated posts I am fairly certain that most people who stayed the entire run just tuned you out. By repeating the same thing in the way you did, you lost credibility and turned into noise. Actually it is a pity since you seem to hold experience that can be shared to good effect for fellow investors. The presentation of the message is at least as important as the message itself if you are in a public forum. If you want to make a difference in cases like this I suggest you try with better tools (ie provide facts). Please note that this is not a case of right vs wrong. It is a case of conduct. I have no problem respecting an 'adversary' if he conducts himself with some grace and projects some substance. I wish you a continued successful life as an investor. I am sure we will meet again on these threads. I hope you will show better character then. Sincerely, BlackStar