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To: JustJohn who wrote (1092)5/1/1999 12:51:00 PM
From: Edwarda  Read Replies (1) | Respond to of 3795
 
Now you're catching on! They should put their money in mutual funds and let people who know something about investing do it.



To: JustJohn who wrote (1092)5/1/1999 1:07:00 PM
From: Janice Shell  Read Replies (1) | Respond to of 3795
 
Depends on why they were there in the first place. Anyone who buys a penny stock because he believes it's an "investment" really ought to be in mutual funds.

But what's the real situation? Threads full of people with online accounts who think of themselves as "traders", yet don't know even the most basic things about the market. They congratulate each other on their brilliance every time "their" stock goes up, and spout gibberish about evil market makers, degenerate shorters, and vile bashers whenever it goes down. And they tolerate no criticism, no dissention.

They "do DD" by Calling the Company. The Company is Never Wrong: everyone else is.

Are they idiots? Yes.

Not all penny stock players fit that stereotype. But unfortunately these "trader" types are often hypesters as well. And they influence others who, though they shouldn't believe it for a moment, allow themselves to be persuaded that they're "investing", not "gambling".