Saturday, June 07, 2008 1:23:19 AM
Nice Post Brent.
The one thing that seems to get lost in plays like this is that us retail investors are not adversaries. We are all in the same boat. It doesn't matter if the stock is ADCS or Enron or Bear Stearns for that matter. We are always at a disadvantage.
The one lesson I have learned over the years is that the retail investors need to be more open to questions that arise. Instead of looking at these questions as a slap in the face, invite more discussion instead of the adversarial stances that become all too common. Simply stated, we are all in the market for the same reason and that is to make money. Allowing Egos to get involved doesn't help that in any way.
Yes there are pumpers and promoters in the game and there are those (whether they truly are paid or not) that love to bash a stock because they can soothe their egos by claiming to be right. Heck, when dealing with Pink's 90% or better of the time they will be right without doing a bit of DD. Be wary of posters but invite discourse because it's only through this discourse that light may be shed.
Who are the real culprits in this game? Of course the companies that perpetrate the deception but also the agencies that are in place to regulate them and don't. By the time it gets to the SEC or any other agency the damage has already been done.
All we can really do is learn from our mistakes and share them. The more we do this willingly and without emotion the better the odds will be in our favor of being successful.
GLTA
Wally
The one thing that seems to get lost in plays like this is that us retail investors are not adversaries. We are all in the same boat. It doesn't matter if the stock is ADCS or Enron or Bear Stearns for that matter. We are always at a disadvantage.
The one lesson I have learned over the years is that the retail investors need to be more open to questions that arise. Instead of looking at these questions as a slap in the face, invite more discussion instead of the adversarial stances that become all too common. Simply stated, we are all in the market for the same reason and that is to make money. Allowing Egos to get involved doesn't help that in any way.
Yes there are pumpers and promoters in the game and there are those (whether they truly are paid or not) that love to bash a stock because they can soothe their egos by claiming to be right. Heck, when dealing with Pink's 90% or better of the time they will be right without doing a bit of DD. Be wary of posters but invite discourse because it's only through this discourse that light may be shed.
Who are the real culprits in this game? Of course the companies that perpetrate the deception but also the agencies that are in place to regulate them and don't. By the time it gets to the SEC or any other agency the damage has already been done.
All we can really do is learn from our mistakes and share them. The more we do this willingly and without emotion the better the odds will be in our favor of being successful.
GLTA
Wally
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