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Re: Wayne R post# 23

Wednesday, 03/09/2005 9:40:43 PM

Wednesday, March 09, 2005 9:40:43 PM

Post# of 270
That is what the thread is about, level headed discussion about what anyone thinks they may have done wrong. And it is always YOU, the buyer that does something wrong.

In this case, I think people did two things wrong: they listened to the touts, no matter how crazy their posts, and they had (and still have) an irrational faith in management.

Message boards can be a useful means of exchanging information. But they also have a dark side: they can encourage people to bond together in mass hysteria. An individual who buys a stock and watches it plummet is likely to sell at some point. A person who is a member of a cult-like board is far more likely to rely on the opinions of others, nearly all of whom know no more about investing or the financial markets than he does. Rumor becomes fact, and fact becomes rumor.

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