"Actually he is not saying ANY of those things nor anything even remotely like them"
the contact with the guy was not made on a professional level therefore the guy isnt to going to be as blunt as he normally would be..plus the person asking the question is already in the stock and obviously is in love with it..therefore you will have to have some social skills to understand the meaning behind his words...but the meaning is very clear..
"All he does say is "It's gambling, pure and simple"
no..if thats all he wanted to say then he would have said just that...he didnt..
"and completely ignores even the possiblity that there might be some way to distinguish between what he calls "the 98%" and the successful stocks"
i dont recall the posters high powered buddy using that phrase...but he knows there is as do i...but no one on this board is going to be able to do it because you cant google that kind of thing..nor can you do it with d/d...you learn thru doing..thru years of experience...and why on earth would anyone want to scour thru the dirt to find an investment when you can make money trading almost all of them if you choose?...learning to trade would be far more profitable in the long run...
"But it's something else entirely to pretend like making the distinction is not possible, which both you and lowfunds do"
its not going to be possible for you or anyone else on this board...you may as well throw darts at a stock board...
"You constantly portray timing trades in and out as if it was dead easy, when it is very clearly far from that"
just because something is very difficult to someone doesnt mean it must certainly be difficult for everyone...its learning how to do it that is difficult..and its not something everyone can learn...but if trading is what someone wants to do, you have to put in the time and effort...it wont happen overnight..
i just gave you the recipe for the next buy and sell...if you want more than that then you will need a crystal ball...the market is a fluid situation and you roll with it or make adjustments as things happen or fail to happen...
"INHERENTLY MUST be far from easy, because it is inherently impossible for even the majority to do (the total losses MUST equal the total gains. That proves that your representation of it as easy is dead wrong"
the losses must equal the gains but the winners and losers dont...there are a heck of a lot more losers out there...about 2% of individual investors actually know how to trade...the rest are floundering around or scavenging thru the pink sheets looking for a good long term investment for some unknown reason...the 2% will on everage make money...the 98% will on average lose money...some quickly, some more slowly, but almost all will eventually lose more than they make...thats why there are mutual funds...thats where they belong..
"Yet you apparently cannot even conceive of the possibility that there are ways to make the distinction between companies with good prospects and companies with poor prospects"
there are all kinds of ways...fundamental analysis is a very good way...but when you are talking pink sheets, forget about it...its wasted effort...theres no reason to go looking there for a "good investment"...go buy a lottery ticket instead...much better odds..for all on this board anyway..
"Just because, as you frequently brag(!), you do no DD at all does not mean that no one does, nor does it mean that it cannot be a very useful tool"
i do no d/d at all on kblb..its a penny stock and i trade it...d/d would be a waste of time...and i have made a lot of money trading it and will soon do it again...all with no d/d..
most everyone else does seem to do d/d and most are now on the losing end of their kblb investment...
i prefer to make money
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