Saturday, November 11, 2006 1:57:36 AM
While I could not agree more....this is what happens on EVERY chat room board.
1) Someone who likes to talk and has a strong personality appoints themself as the board ZAR and the emotional beginner investors follow him as the shepherd.
2) The stock keeps falling and falling and the Shepard says news will come out soon...not to worry! and this goes on forever with everyone asking the shepard when things will go through the roof so everyone can make 50-million bucks and party in Vegas.
3) The following group gets a name...in this case "The Rocketeers" and an embarrassing theme logo hits the header that gets sadly outdated in short order. Trust me, this is not the only board where this has happened.
My point is not to bash anyone...but this actually happens on almost every board. Now that's fine if you like that kind of stuff but it is NOT a prime source of investment information.
What does work is to turn off the emotional switch and study the market on your own, LEARNING both technical analysis and fundamental information so you can make independent decisions about your money and just sit back and laugh at this suff.
I am, however, a bit surprised that an assistant MOD acts this way.
Well, it's a free Yahoo board....so not THAT surprised.
Good luck all!
Chartist1
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