MotiveA good question. What is the motive?
I have been trading stocks for 30 years and have learned some hard lessons. I have not been an active poster on these or other boards. Occasionally, however, what seems patently obvious to me is contrary to what is obvious to others and I wish to express the contrarian point of view. On the very few occasions when I do so, I invariably get the response we have seen in recent days on this board.
People are free to ignore my thoughts but that is rarely enough. A few who have worked the hardest at pumping a stock for a long time, can no longer recognize when the situation changes. They become rude and insulting at the contrarian. Sometimes what they say needs to be removed from the board because of profanity. I find this unfortunate but interesting none the less. It is the impact of reality, as disruptive as it may be, that these folks rail against. It is also an opportunity for insight.
The last time I did this in a major way was on a stock called PIL (a pharmaceutical) in 2008. It had the same classic double top at $3.00, rabid pumpers on the board, and I took major heat for calling the stock a bomb. Six months later it was off the board and in recievership.
Most of the time I just troll these things but every once is a while, I like to be the contrarian to the optimistic sentiments being expressed. It ends up helping some to see the stock in a different light and they usually have time to get out.