Important Comment to individual Thinkers and Lurkers:
While this post will not be popular to those on this board who have taken the unspoken oath of rowing with "long" oars at ANY price...it will be accurate (I promise).
It is very dangerous (and always has been) to doggedly follow the single-minded "(WE) must stay positive" attitude that will always accompany a chat room board that is specifically constructed to support the thinking of 100% long holders of any stock.
While a noble cause, it is just impossible to provide the brutally objective commentary that is essential when the entire existence of the board depends on the long success of a stock.
What I am saying is not terribly profound but it does require a brief step back to look at the broad motivations of any moderated chat board.... not just this one.
It is a very, very liberating feeling to be able to make confident investment decisions COMPLETELLY on your own even if it means going against the crowd - - hint: The crowd is almost always wrong....and no, I am not saying this board is "the crowd". At some point, however, the consistently successful investor MUST put in long hours of work to gain the courage and conviction to make decisions absent ANY outside provocation. It's not easy and it's not popular, but that is why there are almost zero wealthy pedestrian investors.
I have never subscribed to the roulette wheel "let it ride" style of "all-in" investing (I don't speak for all on this board).... it just makes zero sense...no matter what the price of a stock is. I will say that there have been so many classic investing rules routinely broken by many on this board and I just want to be the voice of reason to the provocative lurkers and those who are following a chat board with their hearts and money for the 1st time. Use common sense and think on your own.
If you are wondering why comments from almost all regulars seem slanted to the positive and why substantive critical comments from the few get muted.... it’s because they are. That HAS to be the motive of a "long" board for it to survive. I would expect nothing different….would you?
In closing, you will notice how a long running board becomes more and more about developed friendships. From a truly financial perspective, that can be troubling too because friends don't want to loose the (mostly on-line) bond they have developed so they are inclined to "root" for a faltering stock to insure the foundation of the friendships. It's just human nature...not a crime.... unless YOUR money is swirling down the drain.
I have noticed that there are many more arguments on this board than before and that's to be expected, over time. I do hope that the long-timers keep their friends and all here become filthy rich but the odds of both happening and the board disbanding at the height of NEOM's proposed summit, flies completely in the face of human nature.
With that said.... it is always the individual thinker/investor who walks away with either the riches or just before the accident.
Good luck to all.
Sincerely.
AI
