Posted On: 08/14/2016 4:01:07 PM
Post# of 72448
This is so important that I want to reiterate 4kids' points.
Naive investors think that stock message boards have mostly honest people posting, with just a few manipulators.
In reality, one must always be skeptical of what people post, until you have read their work long enough to decide whether you think they are an honest individual or a manipulator who may be a paid poster or a member of a small traders' group. Both of the latter categories want to convince people to do the wrong thing, because the crooks are trading against the people they seek to manipulate.
The SEC does nothing to the professional entities that do this, while they come down hard on the occasional small trader who they can use for a perp walk.
When people on a message board consistently screech that something is not important, it usually IS very important. Sometimes honest posters are fooled into agreeing -- I again apologize to AlanC for initially doubting the importance of his daily FINRA postings. And I think that a few people who are dismissing those daily percentages as not meaningful are honest posters, but the rest are involved in the various criminal cabals. When people are constantly saying "Prove that a statistic is meaningful," when we individuals do not have access to the data that we need to prove it -- well, my response is: "Prove that it is NOT meaningful, when it can vary from 9% to 78%."
Naive investors think that stock message boards have mostly honest people posting, with just a few manipulators.
In reality, one must always be skeptical of what people post, until you have read their work long enough to decide whether you think they are an honest individual or a manipulator who may be a paid poster or a member of a small traders' group. Both of the latter categories want to convince people to do the wrong thing, because the crooks are trading against the people they seek to manipulate.
The SEC does nothing to the professional entities that do this, while they come down hard on the occasional small trader who they can use for a perp walk.
When people on a message board consistently screech that something is not important, it usually IS very important. Sometimes honest posters are fooled into agreeing -- I again apologize to AlanC for initially doubting the importance of his daily FINRA postings. And I think that a few people who are dismissing those daily percentages as not meaningful are honest posters, but the rest are involved in the various criminal cabals. When people are constantly saying "Prove that a statistic is meaningful," when we individuals do not have access to the data that we need to prove it -- well, my response is: "Prove that it is NOT meaningful, when it can vary from 9% to 78%."
(4)
(0)
