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Re: jerryp post# 6772

Thursday, 08/26/2010 1:27:41 PM

Thursday, August 26, 2010 1:27:41 PM

Post# of 64481
"I worked full time trading for 15 years. I now am almost totally retired now and loving it. During the last sixteen years I lost more money believing well intentioned enthusiastic posts than I ever did following skeptics and cautious investors."

Not trading professionally, I'd presume? Any "real" financial advisor would never waste his/her time reading message boards in lieu of doing true research on companies, and if I employed one that did I'd fire them the instant I discovered they were doing so.

Free "advice" from biased MB posters and plants is worth what you pay for it. MB's can give you tips on new stocks you might not have heard about and might be interested in (the most useful thing I get from them and how I discovered NPHC/XCHO), are sometimes amusing, and can provide links to SEC filings and various PR's that you may have not otherwise found. Everything else is pure opinion and personal projections but nothing more.


"I also was fortunate enough to make more money than I lost by reading both the pros and the cons "

I'd replace the word "fortunate" with "lucky".....