haha
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
This is from a woman who posts on several Yahoo stock boards. I have not heard her mention her background, but she has a lot of detailed knowledge of banking the internal corporate considerations in financial businesses. This is a reply to a bear on the stock who appears to want her to throw in the towel, and "admit this stock is POS". (Yahoo boards have a somewhat different culture than ER.ORG)
I think her suggestion to buy value, not dividends, is a very good lesson that can be easily forgotten.
A side observation-on Yahoo boards, as here, the presence of intelligent women posters raises the overall level of interaction a lot.
Re: gckotarski, admit CSE is a pos! 31-Oct-08 10:03 am
"Rule number one" don't fall in luv with your stocks..This market is the reason for the ultra low price price. If "I" thought any stock I owned was a, "POS," I'd sell it even at a loss. There are too many great companies that are extremely under valued to hold as you say a "POS,". You can't take a snapshot look at any business and judge it's worth, If you do you'll miss large gains. ONE YEAR AGO Nobody thought Bear or Lehman were POS's but look who's still here and who isn't? The whole market is down huge. Look at the blue chips?? See something on the chart, Hmmm, They're down too, and cut their collective dividends as well. The is a deflationary Bear market, the last one happened in the 1930's. Right now is the time to buy good companies that will be around long term..But, by no means hold a company you've lost faith in, to much stress in that. Next time buy something you know will holdup. I try to buy value not dividends. If I wouldn't buy the stock without a dividend, I won't buy it because it has one.. Never over weight your portfolio with any one stock. you'll always feel pain at some point with that strategy. Back to the original point, try to Never let a stock get you emotional, it happen's, but emotions are from your irrational older automatic brain and are horrible money managers.. GL
I think her suggestion to buy value, not dividends, is a very good lesson that can be easily forgotten.
A side observation-on Yahoo boards, as here, the presence of intelligent women posters raises the overall level of interaction a lot.
Re: gckotarski, admit CSE is a pos! 31-Oct-08 10:03 am
"Rule number one" don't fall in luv with your stocks..This market is the reason for the ultra low price price. If "I" thought any stock I owned was a, "POS," I'd sell it even at a loss. There are too many great companies that are extremely under valued to hold as you say a "POS,". You can't take a snapshot look at any business and judge it's worth, If you do you'll miss large gains. ONE YEAR AGO Nobody thought Bear or Lehman were POS's but look who's still here and who isn't? The whole market is down huge. Look at the blue chips?? See something on the chart, Hmmm, They're down too, and cut their collective dividends as well. The is a deflationary Bear market, the last one happened in the 1930's. Right now is the time to buy good companies that will be around long term..But, by no means hold a company you've lost faith in, to much stress in that. Next time buy something you know will holdup. I try to buy value not dividends. If I wouldn't buy the stock without a dividend, I won't buy it because it has one.. Never over weight your portfolio with any one stock. you'll always feel pain at some point with that strategy. Back to the original point, try to Never let a stock get you emotional, it happen's, but emotions are from your irrational older automatic brain and are horrible money managers.. GL