----- Original Message -----
Sent: Sunday, April 22, 2001 12:13
PM
Subject: [sharechat] Dissecting the
postings.
My first posting to this forum.
In the world of investing, who are our
competitors? Who are we playing the game against?
Other investors methinks.
In the world of investing, what is our goal? What
is our reason for playing the game?
Profit methinks, in any of its given
forms.
In the world of investing, what is our most
useful tool?
Knowledge methinks.
Hmmm... So let me revise here. I'm playing the
game against you guys, I want to make a buck, and I really need to do some
swot before I invest.
So I research a stock that meets my own
investment criteria, I then invest.
Now, as we all know. There are times when you
want the world to jump on the bandwagon with a view to increasing the price of
your stock. In contrast there are other times when you don't want ANYONE to
see the bargain basement stock that you have got your beady eye
on.
Hmmm... So based on the above, and assuming that
all investors are playing the game for the same reasons, and that their
competitors are other investors, then one must assume that any posting to this
forum fits the following categories.
IF THE PERSON HOLDS. They are likely to want as
many of their competitors as possible to know about the intrinsic value of
their stock, in order to create demand and thus increase share price. (lots of
noise)
IF THE PERSON BUYS. They are likely to quietly
seek information about the stock, without letting on to their
competitors.(hush hush)
IF THE PERSON SELLS. Goal accomplished, profit
realised, story end. (No one else needs to know)
So how does one really dissect the information
gifted in these postings? To accurately know this, you would firstly
need a disclosure from the poster to assess whether they want information on
the quiet or lots of noise.Then, is their disclosure the truth or is the
poster merely playing the game? Hmmm.
Sure there are those who will help others 100% of
the time and want others to share their 'win'. Just as surely there are others
who realise who their competitors are and are out to beat them. After all, the
more competitors you beat the more you stand to gain right?
A lot of postings are extremely useful for
individuals to make their own informed decision, and I am certainly not trying
to slate this forum, however... Isn't this a strange game.On one hand you need
your competitors in order to play the game. On the other you need to beat
your competitors in order to win.
So if I were to say, TEL looks cheap at
anything under 1150cps!!!! (tic)
The truth is I'm probably holding.
Mick G
See IRG research reports
