Friday, May 02, 2003 1:32:54 PM
....ill make a prediction....we wont see fifty until fifty pct of this board sells and lifts the cloud of darkness they impose on the stock"
So having concerned shareholders that voice their opinion on the issues affecting the stock price, including (gasp) perceived negatives, pitfalls and who exercise their right to discuss and think about management’s proposals on the proxy hurts the share price, but having those same people SELL their shares would drive the price up. My goodness, I do have a lot to learn about investing. I always thought price had to do with supply and demand and that sellers, regardless of their attitude and ignorance, would drive the price lower. Foolish me.
I've also heard that some people who invest in stocks actually use things such as PE and PEG ratios (although I'm so ignorant that I don't understand how a Physical Education ratio is computed), discounted cash flow analysis and the like to determine their estimation of the fair value of the stock, and then buy if they see that the current market value is significantly below what they compute it to be. Nah, that would be silly. Institutions and other professional investors check to see if the holders of the stock are strong and loyal or weak kneed sissies by checking chat boards, then use that as a guide to their investing.
To quote the sage... rrrrrrrriiiiiiiiight
New mantra teecee
… thoughts … between… the… dots…
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