To: Linda Pearson who wrote (7372 ) 2/16/1999 11:50:00 PM From: BubbaFred Respond to of 10072
<<.. will make investments decisions based on the commentary.>> Commentaries have always been there. The experienced investors use new information with their past experience and knowledge, to make their own conclusions. The successful investors are the ones who know how to weed out bad noise from good ones, and make necessary adjustments to style of investment. Luck is very helpful also. Thus, Rocky's comments are good as they summarize some of the competitions that are out there. It is one's own responsibility to check out the validity and viability of his points. I recall one thread where 90% of the posters were loyally upbeat on that company. Only one or two of the posters were negative. I was interested in the company because it had state of the art technology, which several of the posters were totally convinced of its superiority. I went to visit the company and concluded that there was a deficiency in the technology and the difficulty to resolve it. I bailed out, and then traded the stocks several times, as it went bouncing down to bankruptcy. I did not bother to post my conclusion because there was no confirmation of the problem. There was another thread with similar loyal and upbeat posters. On this one, I knew the biggest problem was the marketing. I emailed the company of my thoughts about the poor marketing strategy. Of course, they never bother to reply. I even went to their booth at the Fall Comdex and spoke to the director of product development. He was so confident and so sure of himself and the company's direction that my words went into one ear and out the other. In hindsight, they actually knew better and knew the niche for their products. Needless to say, that company is still alive and continues to struggle in the one to two bucks range. It used to be a $25 stock. They know how come up with good improvements to their product lines, which allow them to continue to survive. However, they always come out with 1 to 20 cents / share loss every quarter. They don't care about the shareholders.