Friday, June 29, 2007

Schadenfreude

As I write this, MVIS is up 8%. My buys in the middle 4s will likely be the icing on the cake of my riches.

Now of course, me being the realist that I am, I have to admit to myself that MVIS could open Monday at a buck a share. It is certainly possible. I just have to say that to quell the MVIS haters, and to be honest with myself.

I also have to say that there are a few things that are bothering me that I just want to rant about.

1. I can not stand bloggers that analyze a bunch of data, be it macroeconomic or fundamental data regarding a company, and then never produce a profitable play. What is the point? Are you here to regurgitate your own opinions or are you here to make money?

2. Herb Greenberg can write about a company, even if he doesn't have a position, and still get paid for what he writes. I can not figure out why a blogger who does not get paid for what he is writing would write incessantly about stocks that he has no position in. Something about that smells.

3. I get angry at bloggers who will laud their good calls while sweeping their bad calls under the rug. It makes it worse when they get defensive when challenged on their bad calls.

4. I can not stand bloggers who blame market makers for everything that happens to a stock. Similarly, I can not stand bloggers who have conspiracy theories about the government manipulating data to prop up the stock market.

5. I can not stand bloggers who claim a block of shares was sold short. There is no platform, data feed, etc. that lists real-time short sales. Any blogger who says he knows for sure it was a short sale is lying, unless he placed the trade himself.

Thanks for letting me rant.

23 comments:

newequity said...

#6- I can not stand you woodshed.

Woodshedder said...

New equity, thanks for your feedback.

Jeremy said...

wood. mvis could also open up a buck a share on monday.

Woodshedder said...

Jeremy, of course it could. But these bear-humpers are never happy unless one presents the absolute worst case scenario.

Jeremy said...

yeah they suck. im really not worried too much about mvis. its a solid technology protected by dozens of patents. i am certain a deal will be inked.

Woodshedder said...

Some of the patents are still in application process.

I'm not worried about that. I'm not looking to hold this for the next 10 years.

Jeremy said...

the only thing i am really concerned about is the oio projector. i just think the management team at mvis is too good though.

jeffpaz said...

I think it has a better chance of opening at $8 on Monday than $1.

Jog on. ;-)

Danny said...

good rant shed. I agree with every point, and I really hate #1's.

talk about no life, complaining about something you don't have to people you don't know.

neweq, no point in starting a fight, but I'll pose the question...why do you comment on stuff? If it's to irk ire, I don't think anyone cares. You never say ANYTHING that in any way will make ME money. I spew a lot of crap, but interspersed in there is info, and I have a blog. You don't do shit but talk shit.

jeremy said...

good post. personally I love the bearish bloggers. they give the green light for me to keep making money. i won't be scared of them until they turn bullish.

Bill said...

I like the conspiracy theorists a lot. I tell them, if the PPT is real, and is as effective as you claim, why are such a pussy? You should take out a second mortgage and buy stocks with it, if you believe in the PPT!

The other set I like are the Austrians and monetarists, who are only half right about inflation and liquidity. They complain that it's a bubble, blah blah, and money supply leads to higher prices, blah blah, and they're right. That's the point. The Cantillon effects are pretty clear, and if you follow where newly created money goes first, it goes into the financial markets! These "Austrian economist" bears are missing the real act, yes, they're right about the economy and GDP being disconnected, and inflation and CPI being disconnected, but the friggin game is rigged in favor of stocks! So be a bull and quit pissing and moaning about it! Find something that's going up, and buy it!

But here I show that I'm missing the point.

For every one of the above fartheads who believes their argument, there are probably two or three that don't believe their own bearshit and who are just using it for a P.T. Barnum, because only one thing sells better than sex, and that's fear.

End of rant.

MIsstrade said...

Just Trade, stop whining.

Woodshedder said...

7. Bloggers who day after day, never seem to lose money.

Broker A said...

Bloggers are assholes.

Woodshedder said...

Bill, some classic stuff there!

"I like the conspiracy theorists a lot. I tell them, if the PPT is real, and is as effective as you claim, why are such a pussy?"

heheheh now that is funny!

Fly, I see you've ran newequity off from your site and over to mine. Thanks.

IIO said...

I was waiting, and I thought for sure, the last one would be "I cannot stand bloggers who dedicate entire posts to complaining about other blogs". Well, you have to admit that would have been funny. Anyways, its all in good fun, you can tell alot about people by their blog.

Woodshedder said...

iio, that would have been a good finish! Touche'

Dogwood said...

7. Bloggers who day after day, never seem to lose money.

Hey, I bought MVIS at $5.36 so I know you're not talking about me! Yeah, I know, cheap shot, but I couldn't resist!

Woodshedder said...

dogwood- I think that covestor is going to solve most of the problems concerning who is actually profitable and who is not.

Unfortunately I started my account about 3 days before MVIS corrected. So mine looks like turds. I don't like that covestor starts you out without considering cost-basis for existing positions.

Bruce said...

of course the government manipulates data ... all governments manipulate data ... always have whether communist, socialist, democratic, autocratic, dictatorial, ... its in their self interest & survival of the current power base to do so .. does anyone really think the rate of inflation is what they report it to be? oh yes, X food & energy .. I mean who around here pays for food or energy? While there may not literally be a PPT, the system is designed & rigged for survival. When fear & panic is rampant, those in positions of power will come out of the woodshed, I mean woodwork, to calm the masses, to prevent revolution, which is a revaluation of the current value system upon which their lofty status & the entire system is based. Its a matter of survival & perpetuation of the status quo.

Dogwood said...

Agree completely, allowing us to enter the opening day and price of existing positions would be a big help.

I also discovered this week that you can only manually enter trades for the last two days, so if you forget to enter a trade, you have to use a different date than the actual.

Trading Goddess said...

I agree with #2 completely...

Dinosaur Trader said...

Wood,

I'm a fan of #3. It's all about the bad calls. Apparently, that's what my blog is about, bad trades!

Man up and look your weaknesses in the eye, it's the only way to grow.

-DT