Re: lack of knowledge and greed
posted on
Feb 19, 2008 03:11PM
Yes, the lack of knowledge/experience displayed is often astounding. First, early January, many complain "Price is being manipulated down" when the programmed response should have been "add to position". Then, on the placement "why are we being subject to unnecessary dilution", when the the programmed response should have been "Wonderful, I'll add 6% to my position in this nicely financed world wonder". Now, when the "Big Boys" give you a short window to catch up under $5, many more complaints , when the programmed response should be "Add to position or sell out", because those same big boys can take it to $10 in a NY.heartbeat and you will be complaining only silently to yourself. Greed is natural, but people should be able to rationalize out their own stupidity. Buy more if you think the price is too low even if it is a nibble every day on pullback. We're all excited and impatient to a degree, but deal with it by selective buying, recognising the opportunity may be very short term. (Or, if you think its a negative somehow, sell out now.) Company management is doing a very insightful job !