Thursday, January 12, 2006
Read Me.txt
Does anybody read the Yahoo message boards?
How do you research a stock? Do you take tips from advisors with a track record? Or do you do your own research at the Edgar site? Perhaps you have a broker. Maybe Barrons, Money Magazine, or the Wall Street Journal is your cup of tea. Mr. Friendly likes to get his tips from the Yahoo Finance MessageBoard. For his money, there is no better way of divining wall street and main street sentiment on a particular issue. Shall we take a gander at a few examples:
Our first caller hails from his mom's basement. He is into Technical Analysis. I will display the ongoing messages as a dialogue.
Basement Boy (BB): Stock X SUCKS DOG'S NUTS. I bought it yesterday as it cruised through the cup and handle, 200 Day MA resistance. Now today, IT F*CKING PLUMMETS RIGHT THROUGH MY STOP LOSS. I HOPE THE STOCK X MANAGEMENT, THE WALL STREET MOMO PLAYERS ALL BURN IN HELL!!!!!
The "Laugh at You" Dude (Lay) responds: Dear F*cking Moron, I told you to sell this POS (piece of Shit) yesterday at the high. I shorted 10 gazillion shares at the top and I am laughing at you from the yacht shop. YOU SUCK AND I RULE!
MB: I don't know you or why you are attacking me. I will put you on my "Ignore List." Please stop ridiculing me for making a mistake and admitting it.
Lay: You Masochistic pipsqueek! Stock X sucks and so do you. I know you are reading my post becauseI can hear your tears. BOW DOWN AND PRAISE MY STOCK MARKET ACUMEN!
This, literally, can go on for months. Perhaps we don't learn as much about Stock X as we do about the respective personalities (ie. fetishes) of our protagonists.
Second on the line is The Scammer. Typical post.
TheScammer: Stock Y will announce this afternoon an acquisition of Stock X! ACT NOW!
or the reverse,
The Scammer: MorganStanley/JPMorgan/MerrillLynch just downgraded Stock X.
Responses generally include Hopeful Idiot: Where did you see this? Please post link!!!! (There are scores of responses like this)
On line three we have the Ex Employee. His familiarity with the esoterica is astounding.
Ex Employee (EE): During my days at Stock X, the product factor for that particular line was z% with a margin of y% with a markup of x%. Factoring in the planned/unplanned productivity level for the Thursday afternoon crew at the Anytown plant, we can safely surmise that the projected level of product blah,blah, blah...
Someone buying this line of shit (SBTLS): Well EE, how does an increase in copper prices affect the AnytownTuesday Afternoon shift?
EE: Well, thank you for recognizing my expertise, (deep breath), the increase in copper prices is the main cause for inventory fluctuations that bubble up to balance sheet imbalances offset by a decrease in cash on hand...zzzzzzzzzz...
EE's evil twin, the Disgruntled Ex Employee (DEG), does almost the same thing except with psychotic outbursts
DEG: blah, blah, blah...the Saturday afternoon shift will produce 10% less units because the Boss who fired me after dicovering my illegal bookmaking/drug/white slavery dealings SHOULD GET CANCER THEN GET HIT BY A BUS!
Now that you have a primer on the Yahoo Finance Message Board personalities, please explore. ¶ 1:51 PM
How do you research a stock? Do you take tips from advisors with a track record? Or do you do your own research at the Edgar site? Perhaps you have a broker. Maybe Barrons, Money Magazine, or the Wall Street Journal is your cup of tea. Mr. Friendly likes to get his tips from the Yahoo Finance MessageBoard. For his money, there is no better way of divining wall street and main street sentiment on a particular issue. Shall we take a gander at a few examples:
Our first caller hails from his mom's basement. He is into Technical Analysis. I will display the ongoing messages as a dialogue.
Basement Boy (BB): Stock X SUCKS DOG'S NUTS. I bought it yesterday as it cruised through the cup and handle, 200 Day MA resistance. Now today, IT F*CKING PLUMMETS RIGHT THROUGH MY STOP LOSS. I HOPE THE STOCK X MANAGEMENT, THE WALL STREET MOMO PLAYERS ALL BURN IN HELL!!!!!
The "Laugh at You" Dude (Lay) responds: Dear F*cking Moron, I told you to sell this POS (piece of Shit) yesterday at the high. I shorted 10 gazillion shares at the top and I am laughing at you from the yacht shop. YOU SUCK AND I RULE!
MB: I don't know you or why you are attacking me. I will put you on my "Ignore List." Please stop ridiculing me for making a mistake and admitting it.
Lay: You Masochistic pipsqueek! Stock X sucks and so do you. I know you are reading my post becauseI can hear your tears. BOW DOWN AND PRAISE MY STOCK MARKET ACUMEN!
This, literally, can go on for months. Perhaps we don't learn as much about Stock X as we do about the respective personalities (ie. fetishes) of our protagonists.
Second on the line is The Scammer. Typical post.
TheScammer: Stock Y will announce this afternoon an acquisition of Stock X! ACT NOW!
or the reverse,
The Scammer: MorganStanley/JPMorgan/MerrillLynch just downgraded Stock X.
Responses generally include Hopeful Idiot: Where did you see this? Please post link!!!! (There are scores of responses like this)
On line three we have the Ex Employee. His familiarity with the esoterica is astounding.
Ex Employee (EE): During my days at Stock X, the product factor for that particular line was z% with a margin of y% with a markup of x%. Factoring in the planned/unplanned productivity level for the Thursday afternoon crew at the Anytown plant, we can safely surmise that the projected level of product blah,blah, blah...
Someone buying this line of shit (SBTLS): Well EE, how does an increase in copper prices affect the AnytownTuesday Afternoon shift?
EE: Well, thank you for recognizing my expertise, (deep breath), the increase in copper prices is the main cause for inventory fluctuations that bubble up to balance sheet imbalances offset by a decrease in cash on hand...zzzzzzzzzz...
EE's evil twin, the Disgruntled Ex Employee (DEG), does almost the same thing except with psychotic outbursts
DEG: blah, blah, blah...the Saturday afternoon shift will produce 10% less units because the Boss who fired me after dicovering my illegal bookmaking/drug/white slavery dealings SHOULD GET CANCER THEN GET HIT BY A BUS!
Now that you have a primer on the Yahoo Finance Message Board personalities, please explore. ¶ 1:51 PM
