A pertinent read!
Posted by: huppo Member Level Date
:
Wednesday, February 10, 2010 8:30:26 AM
In reply to: A deleted message Post # of 101132 Send a link via email Share on Facebook Tweet this post
For people who can't understand why former shareholders hang around to keep pointing out the realities of the company to potential new investors, here's an analogy:
Suppose you went to a buffet to eat because there were pictures of steak and lobster and all the other kinds of incredible food being served inside.
But after you pay and go in, it turns out there's nothing on the buffet but baloney sandwiches and the cook standing there telling you all the great food will be brought out 'sooooon.' And there's a handful of people there devouring the baloney sandwiches and talking about what fantastic steak and lobster it is.
On your way out, you see other people looking at the pictures of steak and lobster and heading in. Would you just watch them walk in or do you say, "Hey, don't believe the pictures, there's nothing but baloney sandwiches in there."
You don't do that because you hate the buffet owner, or because you want them to lower the price so you can eat there more cheaply, you don't do it because you're trying to be a hero. You do it because it's the decent and considerate thing to do.
Pointing out that baloney sandwiches aren't steak and lobster isn't bashing the baloney sandwiches, it's just an accurate description, which is what any potential new investor deserves when considering buying a stock.
As long as there are people here repeatedly posting overly optimistic views of what's going on and not daily reminding potential new investors about the glaring problems and inconsistencies, then there's an absolute need for people to keep the info balanced. Just because you own the stock and don't want to think about the potential of it being a dud, doesn't mean other people shouldn't be aware of the facts.
