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12/11/20 10:06 AM

#4247 RE: Byurwherevergirl #4246

I took a quick look at his feed and here's my take

The term "intellectually lazy" would be my best descriptor of the poster and probably 95% of his followers

They're like fleas of the market, an irritant but can't really do a whole lot of harm to a healthy critter

The exception is in cases of micros that ONLY have fleas

These are the micros with nothing but a rented office, a couple over paid sales hacks, glitzy website, and a spiffy powerpoint for the road show

They rack up a $300-500M market cap on smoke and mirrors, suck out all the cash in lobster luncheons and limo rides, and crash.

Those micros are entirely driven by fleas. There is money to be made there if you are on the right side of the trade early and are wise to the overall situation including an exit plan. Lots of the shareholders tend to have almost zero real info on core company activities and prospects. Some only know the ticker and price.

Several steps up the ladder are companies like GSPE, genuine core competency and a real chance of great success. A deeper dive into the details gives a fuller picture of the risks and rewards.

If you don't ever take a reasonable risk, your portfolio will never be anything except average. Sometimes up a little, sometimes down a little relative to the overall market.

So, in short, no I don't think that folks who are buying and selling shares of GSPE based on a tweet, or an uneducated penny gambler, can really do much harm to a stock that has predominantly better educated investors.

Market forces, sector pressures, and the inherent risks (like exploratory deep drilling), are the primary drivers here.

Situational awareness requires periodic reevaluation. If the risk/reward ratio remains good, you're in the right place. If not, or for some reason your gut tell you something is rotten, you're probably not in the right place and it is time to move.

That's my pitch on GSPE and comments regarding twitter/gambler types affecting the SP

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