To: James Strauss who wrote (14246 ) 4/7/1998 7:32:00 AM From: Mr Logic Read Replies (3) | Respond to of 31646
James, re protecting the inexperienced: >>Even though each investor/trader is responsible for their own actions, the more experienced among us have a special responsibility to the less experienced that read these threads...<< When a lot of confident, knowledgeable sounding people make continued bullish statements, talk of "buying the dips", saying "buy more, I bought some more for my parents", "loading up for the ride" - that is bad for the less experienced investor. Your comment: >>They are much better off selecting a good long term investment and buying the dips... This way their average cost is lower when a stock starts to move up... << falls into this category, though I am sure not deliberately. The implication is that TAVA is a good long term investment (it may be, but for now it is a speculative, high risk stock) and you talk of *when* the stock goes up rather than *if*. What is most useful is exchange of real facts on which judgements can be made, or views supported by known information. I hope this is what I have been doing, though it has been a stifled debate. The stifling is bad for the less experienced investor, because it prevents a balanced view of facts and prevents a balanced view of likely market action. It is not politically correct for me to suggest that individuals think twice about averaging up, take some profits etc. (and as many here have made a lot of money, who am I to lecture?) so the only voices heard are ones saying "buy!". So TAVA does not feel like a risky investment, when it is in reality very risky. From my perspective - and I would wager I have done more DD on TAVA that 90% of the people here - I feel that the stock will go down. So it pains me to see people buying when it seems to me that they are more likely to lose the money than gain. Nothing personal, but I felt I should respond and balance the argument.