Topic: Yahoo people really suck sometimes

[JMM]

Thanks J, I'm waiting for Dogmatix to get online and give me a reply since his career is in stocks. I do want to thank you for the replies, you helped me understand better. I may pull out and go ADCT, at less than 3 bucks a share and 2 upgrades to buy today from major firms, I could afford more shares and increase my profits percentagewise. Then again, if CACS recovers, I may be screwing myself. I guess if the release of those 6 million shares or a price setting is this week or next, most major investors would want to pull out, like you said, they are looking for dividends, I'm looking for growth.  

[jualdeaux]

Quote:
Thanks J, I'm waiting for Dogmatix to get online and give me a reply since his career is in stocks. I do want to thank you for the replies, you helped me understand better. I may pull out and go ADCT, at less than 3 bucks a share and 2 upgrades to buy today from major firms, I could afford more shares and increase my profits percentagewise. Then again, if CACS recovers, I may be screwing myself. I guess if the release of those 6 million shares or a price setting is this week or next, most major investors would want to pull out, like you said, they are looking for dividends, I'm looking for growth.  

You'd be surprised how many people look for that growth factor. Shoot Microsoft just gave out their first ever dividend a bit ago. People who bought them looked only toward the growth of the stock as their major interest. it is also what drove the .com boom of the nineties. How many companies never made a profit but skyrocketed up into the hundreds of dollars? Two of the best and largest companies, Amazon and Yahoo are just starting to get to the stage where they could make a profit and their stock was the most sought after. That is what always shocked me. People were flocking in droves to get the stock of a company that has no proper business model and never has and maybe never will show a profit. How can you expect a company like that to last? Investors knowingly or unknowingly bought into the greater fool theory that states that there will always be a fool greater than me to buy this stock when I want to sell it. As you saw, many people lost their shirts, and much more, when that theory broke down.

Dog will be able to help you much more than I can as I am not really in that area. I just had tons of classes at school about it and like to read.

I dont think I've ever posted this much in a single thread.

[JMM]

Hey J, is why I asked, any advice is better than no advice, heck, I'm just learning this stuff. I know I'm playing with fire with growth, I forget his name, he is considered one of the top experts in the stock market, he stated that to have any chance at making money, you need at least 25k, preferably 50k. That leaves me out, but at least I am making more than what I had. Maybe I will get there one day.

Keep reading amigo, you know your stuff... The army taught me the only stupid question is the one that you do not ask. Is why I love the people on these forums.  

[SL-Punisher]

Keeping in mind that the stock market is a confidence game. You aren't buying value, you're buying faith.

[JMM]

True Dat SL! If I was rich, I would play the real estate game, my wife works for a company that is real estate, the owner is LOADED, but not fancy, he is a country boy that knows Texas land values... Great guy BTW, my wife only worked there for 3 months before last christmas, she got the same bonus as everyone else, 1500 dollars! I was like wow, that is one heck of a guy!  

[jualdeaux]

Quote:
Keeping in mind that the stock market is a confidence game. You aren't buying value, you're buying faith.  

That is definitly true. The electronic herd giveth and taketh away. I've always wondered what would happed if we had a market crash and everyone  held on to their shares so the prices didn't drop.

[JMM]

I think that there would not be a crash per se, bad times, yes, but the money would stay where it belongs, and the damage would be minimal, no?  

[jualdeaux]

An interesting book that I had to read in school was The Lexus and the Olive Tree. It talks about geopolitics, finance and globalisation amoung other things.

http://www.amazon.com/exec/obidos/tg/detail/-/0385499345/qid=1070500028/sr=1-1/ref=sr_1_1/104-4157687-0059917?v=glance&s=books

[SL-Punisher]

Where's is the money exactly? The value of the dollar is determined on the global currency market (In part with about a bazzilon other domestic factors), and that when you really get down to it is just another confidence game. If the value of the dollar takes a dive...well that will shake confidence won't it? Corporations will be less likley to expand and hire more people, banks will be less likley to approve new loans, people will spend less and save more. People aren't able to think on a global scale...they can only really make decisions that affect themselves.

You can't really control the herd, you can perhaps try to direct it a little bit. If you try and stand in its way you'll just end up getting run over.

When people are in a panic situation (Stock market crash) they don't keep their money invested...they think that they should pull out before they lose anymore. They don't care that they're making matters worse, and in the long-term the stock market will recover.

Everything is determined by confidence.

[Gambler]

I would take anything the people on the Yahoo boards with a grain of salt.  I've been following a few boards now for 6+ years and  you see two types of people there.

1)  The cheerleaders who will view anything as a chance to buy more stocks, regardless of how low it drops.

2)  The naysayers who will preface  any news, change in the price with the fact that it's all a lie, that the  company is within hours of dropping dead.  Most of them are short sellers who are attempting to panic you into selling your shares at a lower price so they make money.  

All you can really do is read between the lines of both  types of people and attempt to glean information.

 

[jualdeaux]

I know Pun, it was more of a rhetorical statement than anything else.