Messina Minerals Inc MMIPF

RE: A dose of reality / on-line experts

[garpike]

Margin players, of course, are at terrible risk with on-line brokers and otherwise. However, I have some doubt that reasonable, average on-line clients have done that much worse than those with average professional advice. Perhaps there was a larger lunatic fringe on-line; I don't know. Let's wait and see how some of the professionally managed funds come out of this. I am no expert, but I have been in the stockmarket for a long time. I have never felt so well informed and so much in control as with the Internet. We all new this whack was coming sometime; it had been fimly predicted for over one year. When it came, almost everyone inevitably took big losses, but we also had taken full advantage of the incredible markets that had preceeded. Great, qualified wisdom can always be heard from the talking heards on TV. Lots of good expert advice is also freely available to on-line investors. Not all of it is good, of course: When gold was at $400, eighty percent of experts were reported as saying it would go up much higher; as soon as it would reach $415 it would zoom to $450. Of course, it did nothing of the kind.