Wednesday, November 14, 2007 9:19:34 PM
The two things I have found are:
First and foremost everyone has an agenda...the question is who's agenda is the author promoting.
The second thing is no matter how big or small your bankroll...someone always has a bigger or smaller one than you.
-B
My point is it doesn't matter who you are. If you are posting you are promoting or trying to influence others one way or the other. Everyone has an agenda. If I have a following then good for me and you if they are buying and you are long...I don't see why you would be concerned.
By their actions you should know them. I wouldn't be able to have a following if I didn't post sincere opinions or facts...and not every stock has gone up that I invest in...mind you...I told people to invest in JADE...It fell from $5.50 all the way to $2.50...yet I'm still holding for earnings. So was I a pumper? Possibly...just not a dumper I guess.
As to reimbursement...I have never offered nor will I. I'm not an insider or 5% shareholder at this point. People invest of their own free will. When Wilf says in a CC that the stock price will be back at $1 within a year...are you going to sue him if it doesn't go there? He is an insider so maybe you will. I haven't taken part in any lawsuit regarding stocks ever...and I've been involved in a lot of stocks over the years that were in litigation. My take is that Wilf was excited about the company and where it is going. If I believe in that hype and buy...that is my problem.
In consideration of that...What if I tell people I'm selling and they dump their shares but I don't really sell. Instead I pick up their shares cheaper..or Maybe I tell them I'm buying but really I'm selling to the ones buying. How is that any different? No matter what I do or say people will say that I was doing something else...and just because I have an opinion doesn't mean all people are sheep. In fact if that was the case no one would be selling and we would be at $.20 by now.
At this point I make money and lose money the same as everyone else. I post the way I do...because for years retail investors have always asked what is on the minds of larger investors...so I tell them what is on my mind. If you can't live with that...then put me on ignore...and by the way I have answered everyone who has emailed me sincerely...Thanks for your post Richard.
-B
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