To: Goulds who wrote (2298 ) 3/5/1998 6:29:00 PM From: Jean-Philippe Chevalier Read Replies (1) | Respond to of 7054
Dave, I certainly will not dispute that posts on this thread influence individuals in their investment decisions. The impact, however is negligible. Now before you start your usual slash and burn, let me try to explain. You may be correct that some threads have thousands of posts a day. Here we are talking about a thread that can at times top one hundred. I haven't looked, but if you check the number of posts made during the fall of the stock I am sure it was much less. I say this with confidence because I was reading the thread during this period. Of course you are correct that there are many lurkers around here but their motive is not always to sniff around to find a stock to buy. On this thread, much of the traffic is here strictly for entertainment value. Mr. Pink is quite humorous and many people are here just to see what He is going to do next. Some of them love Him, some of them hate Him and others just like a good laugh. By His own admission, he is now on a level with Christopher Columbus and Neil Armstrong. Society must now built a statue of a great cyberman. How are they going to do that? By now you are whining in front of your computer about the vast army of investors that are lurking here and have been influenced to the point of changing their investment decision and have sold or shorted this stock. Well I don't think there are very many shorters out there in the little investor world. I did short a stock once, but only for a couple of days. (Not this one) Made a couple hundred and now I can say I've done it. Investors prefer to be long. At best, Mr. Pink and others have convinced a few people to sell their shares and probably have influenced a much larger number to take the stock off their buy list. Most of them wouldn't have bought anyway because variety is the spice of life. It is why Ben and Jerry's has all those flavors. I think there are tons of stocks out there with better prospects than Actrade, but it didn't take Mr. Pink for me to figure that out. I have sereral on my want list but have found that I like a lot of what I already have. Just not enough money for my investing apetite. I don't think I am unique in this regard. Now what has caused ACRT to fall? Outside of being overvalued and having a few questionable practices, there is little to cause the small investor to act on this one. Read some other thread and you will see many examples of blind euphoria or shameless hope of a recovery that has investors ignoring fundamental facts. It ain't the little guy. The real reason this stock is dropping is because of the growing short interest. The short positions are held by larger investors and institutions. Mr. Davis of the Neapauge Letter also believes this is the case.Message 3571085 So I think we can reasonably estimate the the idea that all the babbling on this thread can not possibly move this stock more than a point or two, if you have a good imagination. Mr. Pink may be partially responsible for the fall of Actrade, but only if He has a large short position, as He claims. If it is Pink, He didn't do it with His words, He did it with his cash! Don