We feel an affinity with a certain thinker because we agree with him; or because he shows us what we were already thinking; or because he shows us in a more articulate form what we were already thinking; or because he shows us what we were on the point of thinking; or what we would have thought much later if we hadn't read it now; or what we would have been likely to think but never would have thought if we hadn't read it now; or what we would have liked to think but never would have thought if we hadn't read it now.
Affinity by Lydia Davis
Be careful. Im seeing so-called Gurus in forums again recommending strongly either bazurs or stocks (like the Lopez-owned, BHI, SMC, LC) that have underperformed others during the bull of Jan - June and tumbled down more than the PSEi average from Jul - September. Most of these issues went down for valid reasons (no growth in earnings, plant facilities combusting, too much debt, regulatory problems etc), the least that these gurus should be including in their recos are these negative things that are still hanging like a sword on the head of these companies. But they don't.
Why do these active forum users are all hyperbole on these stocks then? They probably have big positions bought near the top of these stocks, the classic ipit position, and are wanting to get out to have some cash to prepare for the almost-sure surge of Dec - Mar.
Beware of these people. They are expert re-shaper or omitter of facts to get your affinity.
Although small, I still have minus-15% ipits in stocks like ROCK, SGI, and GERI (because I elected not to cut loss and cut clean (100% of holdings) here when I had the chance). I have even averaged down on them recently, but Im not pushing these as pick of the weeks bluntly without warnings. Im ready to just dispose them in full during strong rallies, if I see that others like AGI deserve my cash more.
If you are attracted by strong cheering, the least that you can do is read up on fundamentals or back read on the forum thread of the particular stock and check for the reason why it fell down hard. At least you know the risks youre going in to.
There are even the worse guru who's dispensing advise left and right but have no skin (no money) on the line. They are like trolls pretending to be experts, being entertained by fools, or enjoying the fact that people follow their instructions to go into dangerous positions, but have no bet of their own.
Then there are also those devils that are on the sidelines watching for short-term gain, and will get out as quick as they get in. They will sell their, say, 500 K PhP out from BHI the moment that they see that their stupid no-sound-basis hyping gave them +1% already in one day. They are just out to get pizza or grocery money. Do not be their donor.
Why do these active forum users are all hyperbole on these stocks then? They probably have big positions bought near the top of these stocks, the classic ipit position, and are wanting to get out to have some cash to prepare for the almost-sure surge of Dec - Mar.
Beware of these people. They are expert re-shaper or omitter of facts to get your affinity.
Although small, I still have minus-15% ipits in stocks like ROCK, SGI, and GERI (because I elected not to cut loss and cut clean (100% of holdings) here when I had the chance). I have even averaged down on them recently, but Im not pushing these as pick of the weeks bluntly without warnings. Im ready to just dispose them in full during strong rallies, if I see that others like AGI deserve my cash more.
If you are attracted by strong cheering, the least that you can do is read up on fundamentals or back read on the forum thread of the particular stock and check for the reason why it fell down hard. At least you know the risks youre going in to.
There are even the worse guru who's dispensing advise left and right but have no skin (no money) on the line. They are like trolls pretending to be experts, being entertained by fools, or enjoying the fact that people follow their instructions to go into dangerous positions, but have no bet of their own.
Then there are also those devils that are on the sidelines watching for short-term gain, and will get out as quick as they get in. They will sell their, say, 500 K PhP out from BHI the moment that they see that their stupid no-sound-basis hyping gave them +1% already in one day. They are just out to get pizza or grocery money. Do not be their donor.
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