Re: Sentiment
in response to
by
posted on
Nov 25, 2010 10:03AM
New Discovery Resulting in a 20KM Mineralized Gold Belt
I've also found the worst thing you can do is fall in love with a stock.
I have 10-20 stocks that I follow. They're all good reccies with good fundamentals, so I know they have an underlying value that will always support a certain price; but I still just treat them like meaningless symbols. I buy bottom of channel, I sell top of channel.
I think a problem with internet sites like this is it's too easy for newbies to get suckered into the idea of loving one company. Chalk it up to "herd instinct", one of the greatest evils in human psychology. I think everyone here (and on the CMM hub) has now learned that you should never put all your money on one horse... or one horse and its buddy down the street, as I'm seeing with GNH-lovers who also own GBB.
Everyone thought they were so clever to put all their money on one stock when GNH was at .90... how clever are they all now?