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Re: lowman post# 301

Wednesday, 12/20/2006 8:22:15 AM

Wednesday, December 20, 2006 8:22:15 AM

Post# of 3653
I've had the same thing happen to me as the moderator of a board on a stock where the fundamentals had considerably changed from my initial entry. When I began to raise some well needed red-flags, I was seen as a turn-coat.

It made me aware of the fact that there is a significant downside to being the moderator of a board, because suddenly, one's own trades (which should be a private matter)are now up for public scrutiny and judgment. As moderator, you are expected to be the stock's foremost cheerleader, but what happens if you change your mind? What happens if you feel you have a responsibility to warn your fellow investors? There is no way to do it, because anything you say will now be seen as bashing, an attempt to get cheaper shares, or some other accusation. The only thing to do is remain silent, and let the silence speak for itself.

That's unfortunate, because after all, the market is dynamic. Fundamentals change all the time. New facts come to life, and other, previously accepted 'facts' are now shown to be exaggerations or outright lies. This is especially true in the penny world.

When serious doubts and suspicions arise about the future safety of your trade, the time to get out is immediately, imho. You can always change your mind and buy back in later, if your doubts have been reassured.

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If you take anything I say as advice, you're crazier than I am.

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