Winetalk.com
11-20-2002, 05:39 PM
You stated that for many, after buying the stock, it becomes a part of their lives.
In actuality, it goes beyond this; for some it is like politics and/or religion; a particular stock actually becomes a part of them. This is why when one attacks their choice, it is the same thing as an attack on them- their judgment (which embraces logic and intelligence). Of course, if someone has strong convictions against a stock, to attack those convictions is an attack on the person holding them. He or she feels there are sufficient grounds to make the decision, and in both cases, nobody wants to be "proven" wrong. Criticism is bad enough- who in the world really welcomes "constructive" criticism? Now, add a bit of sarcasm or whatever to the criticism and you can get a real "blood feud" going. Ego vs ego can be ugly.
A "pet stock" can be one's undoing. Being "loyal" to a stock can be foolishness, indeed. A stock is not God, family, country or friend; what it is is a financial vehicle that is supposed to make someone money. One is not a "traitor" to "jump ship" if he feels that the stock won't produce what he needs.
It is unfair for people holding a stock to feel betrayed if someone believes he needs to sell, even if it is a thinly -traded penny stock that can easily go down. People who don't go in on a joint venture have no right to judge those (strangers or even friends) who make decisions that might conflict with their own. One problem with these boards is that sometimes those who have been on a particular one for a long time tend to bond, and feel ill-used if some of their fellow-boardies opt out. This gives rise to changing of nicks and returning to explain why they believe people should sell; they don't dare identify themselves as former "pals". Of course those who change their minds and return as board nasty bashers are not acting appropriately, certainly.
In actuality, it goes beyond this; for some it is like politics and/or religion; a particular stock actually becomes a part of them. This is why when one attacks their choice, it is the same thing as an attack on them- their judgment (which embraces logic and intelligence). Of course, if someone has strong convictions against a stock, to attack those convictions is an attack on the person holding them. He or she feels there are sufficient grounds to make the decision, and in both cases, nobody wants to be "proven" wrong. Criticism is bad enough- who in the world really welcomes "constructive" criticism? Now, add a bit of sarcasm or whatever to the criticism and you can get a real "blood feud" going. Ego vs ego can be ugly.
A "pet stock" can be one's undoing. Being "loyal" to a stock can be foolishness, indeed. A stock is not God, family, country or friend; what it is is a financial vehicle that is supposed to make someone money. One is not a "traitor" to "jump ship" if he feels that the stock won't produce what he needs.
It is unfair for people holding a stock to feel betrayed if someone believes he needs to sell, even if it is a thinly -traded penny stock that can easily go down. People who don't go in on a joint venture have no right to judge those (strangers or even friends) who make decisions that might conflict with their own. One problem with these boards is that sometimes those who have been on a particular one for a long time tend to bond, and feel ill-used if some of their fellow-boardies opt out. This gives rise to changing of nicks and returning to explain why they believe people should sell; they don't dare identify themselves as former "pals". Of course those who change their minds and return as board nasty bashers are not acting appropriately, certainly.