To: PartyTime who wrote (6541 ) 5/5/1998 1:42:00 PM From: PartyTime Read Replies (2) | Respond to of 18444
You know, a thought just occurred to me. It came to me when I noticed NETZ slipped down a point. The disparaging remarks that have come from folks like Jon Tara, Other Chap, Illuminous, Fred, David Sirk, KZAP and others do have a net affect. (If I've included anyone unfairly, I'm sorry. There are others who perhaps I should have added into this list.) What these type remarks often do--particularly in the face of good news about the company--is they tend to implant a line of thinking into the new investor who comes in on the good news. What these guys express is often not meant for those of us who regularly post on this thread. It's meant only to entice newcomers,or those considering on buying, into a mode of thinking. For example, a friend tells me NETZ is a good investment. He's made money on it and still holds some. So I finally get around to checking on stock positions. Maybe even on somebody else's computer (Have we forgotten? Everyone doesn't have a computer yet). I look up NETZ. Based on my friend's advice I buy some. OK, so now I'm in, I've got 5000 shares. As always, the more you're into something the more you're gonna learn about it. You eventually discover an investor's forum called Silicon Investor. This, after bouncing about AOL boards or whatever. So on SI, you see your stock listed and you then visit the NETZ discussion. Now. What do you discover? Much to your dismay, you find comments from some of the characters above. Your confidence near-instantly becomes stirred. You're now shaky about your investment. Suddenly, at the next (or sooner even) bad turn of a rumor, a media slant or an ordinary business setback you become triggered with the button to sell. After you sell, other people grab your shares at a considerably lower price than what you paid for 'em. And some of these guys are pretty nifty at grabbing your shares. You can bet on it. Of course, conversely, perhaps you haven't bought in yet. You want to. And you know about SI, so you go there to find out what's relevant about the stock you wanna buy. Again, due to remarks similar to those we see from the above-named gentlemen, you become startled into not investing at all. The price stays down, has a better chance of going down so they can grab more shares. In other words, the negative hype we see exists only to achieve a certain result--not for humanitarian purposes and much of it, in my view, doesn't even qualify as dialogue. I guess we all need an eye to recognize the good critic. Don't we?