THE VOICE OF EXPERIENCEIf you live long enough in the market, you'll learn a few things along the way. Most often, those lessons come painfully. If you're lucky, and you are humble enough to learn, then maybe, just maybe, you'll survive in the long term.
First of all, be wary of anyone who is nothing but an endless cheerleader for any stock. There are any number of these people right here on this board, blindly married to the stock as if it's some badge of honour. They attempt to trash anyone who thinks or says anything different than what they want to hear, rather than discuss the merits in an intelligent way, so that they may further hone their own convictions.
I've made just a stupid amount of money in this stock. At times I've pounded the table saying it's a screaming buy. I can remember the wrath of people when this stock was in it's infancy, and I said it would go to $30.00. Yes, it certainly did. At times I've said the stock is in a bubble, and dangerous. I said that when it was $70, and endured the same scorn. And then when the stock was in the $50's, I said it would drop to $22. Again, endless scorn. Again, it did just that.
But that is the limitations of these Clowns. They are to blind to see that stocks go up, and stocks go down. They become blind to their own perverse sense of duty to defend at all costs, no matter what obvious components are right there. To the moon boys....right? Of course. :)
Additionally, it seems beyond these Clowns that the market can offer multiple opportunities to make money, buy, sell, long,short....all on the same stock at different times as the case presents itself. But these clowns think you can only stay on their side of the fence, and that anything else is heracy. Of course, as they present themselves this way, they also out themselves, as either immature, inexperienced, or just not sophisticated enought to really understand how the market works. I would have thought they were taught the painful lesson riding the stock down from the $70's down to the $14's. Apparently not, which is both astonishing and alarming. Their long term survival can only be in serious jeopardy with that kind of blindness.
To those new to investing, or trading, or whatever you do here, welcome to the market; the dirtiest pigpen there is. The first thing you need to recognize is that these Clowns, these self-appointed moderators of all that is good with only the long position, are at their core dangerous. Just as the Reddit crowd how that one goes. on any number of examples of the past couple of weeks.
I could go on for pages here, but I'll end abruptly with this. The ONLY reason you are here in the market is to make money. PERIOD. Whether that is as an investor, or trader, or long, or short, ALL are fine. No good guys. No bad guys. No white hats. No black hats. You're here to make money, in whatever way is best given the facts as they present themselves to you. Just be smart enough to consider ALL of the facts, for and against, rather than marry a stock and be blind to decisions that are otherwise obvious.
So why bother with these Clowns at all? If only to out them, and to be honest, it's a little bit of petty sport. Kind of like shooting fish out a barrell, and they've just got nothing intelligent to come back with. They take the bait every time ,and out themselves continuously.
Best to all, whatever your experience level is. As Tim says, do your homework and think for yourselves. Stating the obvious, doing your homework does not mean follow the incessant rant of these Clowns.