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To: Mr. Forthright who wrote (3111)12/6/1998 3:29:00 PM
From: SOROS  Read Replies (2) | Respond to of 37507
 
Dear Mr. F,

Could you enlighten us? Are you saying that there are not now or have not been any small stocks that do promotion (any way you want to see it), that eventually become growing, profitable companies? I'm sure you would have said the same things early in the game for every technology company (including Microsoft, etc.) when they were in their first few years.

This "company they keep" phrase is sometimes valid, but it is not physical law. Are there any small companies on the globe that you do like? Any that you DO think will become profitable? I heard a mutual fund manager saying he ONLY buys companies that have demonstrated at least 10 years of advancing earnings. He said he would only buy an internet company for his fund when they had turned in several years of profits. This is his idea of risk/reward. He is uncomfortable with any perceived risk. He also will never have a single investment that appreciates 10, 20, 30, or 50 times within a short time frame. Is this where you stand on investing? Because you personally have no risk tolerance, you are miserable every time you see others making large amounts of money on a "risky" investment? Therefore you have to go from thread to thread "preaching" your style of investment to try and make others go your "way"? When you see one of the "risky" stocks drop in value, it makes you feel "good" about your chosen investment "style"? You have every freedom to spend your money any way you want, but I, and from what I read, many others, find your "style" of "preaching" and narcissism very unbecoming. You can continue to hide under the guise of "saving the small guy" (and I'm not, nor or most people if they have been on these threads for any length of time so naive that they don't think there are "paid" promoters on most stocks simply looking for a quick buck), but I think you do what you do because you are simply eaten away with jealousy each time a stock does skyrocket, that you have to then feel you "helped" to make several others go down in order to balance your internal struggle. How are you helping anyone? You never offer suggestions on where to MAKE money -- only on where you think people should not LOSE money. If you think everyone should invest only in "quality" mutual funds, then just say it and go to a mutual fund thread. Because whether you like it or not, most people on SI are here to find the "risky" stocks that CAN make them a lot of money. Bill and Mary Smith who are in CD's, bonds, mutual funds, etc. don't even own a computer, much less know that SI even exists. You are preaching to the wrong choir. I'm not saying you are wrong about everything you say, but I KNOW you are not right about everything you say, whether you believe it or not. And your bedside manner would kill a lot more patients than you could save if you were a brilliant surgeon.

Have a good week.

I remain,

SOROS



To: Mr. Forthright who wrote (3111)12/6/1998 4:02:00 PM
From: Mitch  Read Replies (1) | Respond to of 37507
 
Can't you ever respond to a post without getting personal? What credentials do you have that entitle you to savage everyone who expresses a positive opinion about a stock? May I point out that being "forthright" -the name you have chosen for yourself - means being direct and honest, not being boorish and rude.
M.



To: Mr. Forthright who wrote (3111)12/6/1998 4:06:00 PM
From: the Chief  Read Replies (1) | Respond to of 37507
 
This is what "SI" is for, a transfer of knowledge and information! I am not amazed that you were able to grasp the idea of a "client order" what amazes me is that you don't talk "to people" you talk "at people"!

The idea of SI is to share information and contribute to the whole. It is not to dictate, embarrass, intimidate or put down. You have your opinion and others have theirs. He/she who puts the best and most accurate conclusions forward wins!

I have run into many people that are the "masters of the one-liner" they ultimately contribute nothing and only manage to disturb threads.

I am always amused to read the superficial analysis of novice investors about the trading activity of certain brokerage firms. You guys make it sound that all trading is principal trading. Have you ever heard of a client order? Have you ever heard of the competitive nature of the mutual fund industry?

That is a put-down and is arrogance in the extreme, it also may be totally inaccurate, as it may be accurate!!! You may be 100% correct that it is not a "house account", you also may be 100% wrong! Your "opinion" is that it is client positions( I also agree). Others have expressed their opinion and have "assumed" it was "house"! Such is the market, everbody guesses, he/she who guesses right wins!

Do you think the fund managers who participated in the company's recent financing bought the stock because they think it has a compelling valuation and growth prospects?

There are two answers to that question...both are equally right until proven wrong. Your opinion, or answer to the question, is no more "valuable" to this forum than any others!!

Speaking of simplistic and superficial explanations!!
"The small investors end up being burnt not by the big guys but by their own inability or unwillingness to understand the capital markets and their greed (falling in love with a concept stock)".

Why don't you all knock me now like you are knocking Taurus' analyst?

If you had actually read the Taurus "analyst" (which he is not) report. You would have realized that he made significant glareing errors. Errors that, if reported on a stock you own, you would be equally upset with!!

Do you think that is going to make the stock go up?

This is why I enjoy a "sane" well-balanced thread. There is a need for contrarian opinion, what is not needed is; arrogance and unsubstantiated innuendo from both sides!

Or maybe you can stop being emotional about your investment in BII for a second and try to understand what is really going on.

Condescending and irrelevant to a interactive discussion!! If you truly understood investing, than you would understand that "emotion" is what make the markets work. These emotions "greed and fear" are within all of us!! Dr. Alexander Elder makes his living trying to teach the seperation of "emotion", all emotion, from the market, so your utterance of "stop being emotional" is again another example of superficial irrelevant information that contributes little to these forums.

I appreciate all "opinions" I just don't appreciate attitude, something you obviously suffer from.....however, I would like to hear your opinions, not your rheteric. I think you have enough knowledge to asist your fellow SI member, whether you do or not....is up to you!!

the Chief