OTCPK:GBGPF - Post by User
Comment by
Mjman17on Jan 28, 2018 9:58am
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Post# 27449374
RE:RE:RE:RE:Focus on numbers not emotions Monsters!
RE:RE:RE:RE:Focus on numbers not emotions Monsters!Well said and interesting! I like it. I do not understand while it seems to be a clear win to buy cemd now at arond $39, why there are still so many people buying acb at over $13.
MonstersInc wrote:
Sadly, just talk to new investors. Ask them which stock is cheaper. ACB at $13 or CMED at $39 and all of them say $13. Then there is comfort levels. "Why switch, ACB has treated me well, I'm loyal" not fully understanding as it stands CMED = ACB.
I have a two very market savvy friends but they are exception. Every person I meet who tell me they invest, I ask very basic question to test their knowledge. Every single "normal" person I meet is a pure novice. I feel lucky to know "Market Monsters" on a personal level. Most people sitting in front of their computers self-investing via discount bank brokerages do so in isolation and are novices compared to full time market participants. Those novices are the "market experts" to those around them.
Think the first time you rode a bicycle decades ago or taught a child how to ride a bike. "How can you actually get to peddle on a thing that will fall over"? The very first times, it's hard, very hard. It takes practice. Then it becomes easy. But even when it's easy, how many people become professional stunt bikers? Very few. It seems to understand this, you need to be a better than a typical investor. The markets are filled with professional stunt bikers.
Maybe people do not understand the 3.4x conversion and many are asking when the conversion date will happen. Without a firm date, the "faith" of the event happening isn't as high. If you are a casual bike rider, you wait for the conversion date. Those of us who do bike tricks do this with our eyes closed.
This West Coast Monster is going bed time. Nice day today on the trade and on the bullboards. Glad this CMED/ACB drama is coming to an end! There were a lot of emotions! Drama and the markets do not mix well.