Pro Stock Traders
Stocks trading tips and mistakes from thirty years personal experience and interviews with pro traders

The Paranoid Stock Investor

- These classic posts have been around a decade but I thought they warranted repeating in these troubled market times -

From: Dinner_and_a_fine_whine

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[Message 1]

WGAT down again. It is just so unfair!

The market goes up and WGAT goes down. The market goes down and WGAT goes down. Why does this always happen to me? Why doesn't this go straight up? It is not air.

Why all the buy ratings but no buying? Why no news? Wink has news. Liberate has news. Why don't we ever get any news?

Somebody bought 25000 shares at 40 and change after the bell? what do they know that i I don't know? Why don't I know anything? What about all these shorts. What do they know that I don't know? Why do there have to be so many shorts anyway? When will this MM manipulating stop anyway?

Why doesn't my research pay off. It is so unfair. WGAT shareholders having a party but I haven't been invited. Nobody invites me anywhere.

Why didn't I listen to uncle Joe and buy more Cisco? Why did I buy so much WGAT anyway? My wife is going to kill me. She hates me anyway. Says I complain too much.

Good product but why can't we get PR ? Nobody ever promotes my stocks! Why did I have to pick a day when longs are so hostile to post my first informative post on this board?.

The market is just so unfair. WGAT and my life bite.

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[Message 2]

What kind of scam is this?

Oh this is just great!
They just posted interest in my margin account and triggered a margin call. Margin interest what is that all about? I don't remember my broker mentioning margin interest. Margin interest? Oh that is so unfair!

"Buy more WGAT" my broker says.
"I ain't got no money" I tell him.
He says what about margin?
I say "I hear its risky."
"Only for losers" he tells me,"not for astute positive thinkers like yourself. Remember" he says "I'm your friend I only have your best interests at heart.If you do well I do well. Easy money he says."

I ask "shouldn't I diversify?"
He says he'll let me in on a little secret." SG Cowan is about to initiate coverage on WGAT with a strong buy. After that nothing but splits coming."

Oh wasn't that just a peachy keen tip now. SG Cowan upgrades Wgat and it drops $5 dollars a share. SG Cowan upgrades WGAT and downgrades my financial condition to life support with one swoop! SG Cowans sucks!

Well I tracked my broker down by phone yesterday. He's down in the Caribbean . I guess he's down there with my easy money looking out for my best interests. Full service brokers what are they all about? Weren't there enough used car lots to go around? My broker sucks ! He costs me money twice once when he gives me advice and once when I take it. Oh yeah.

I almost forgot he is my friend.I asked him once "If you are my friend why don't you give me some free advice?". So he did! He told me to marry the woman who is now my wife.
What a #######! I hate my broker!

Margin interest, SG Cowans, WGAT, free money and my broker suck!

Well my broker says I'm overeacting "Splits are coming!"
Splits--what a scam!
"Here I"ll take your 10 and give you two fives. Keep the change!" What the #### is that all about? This is going to make me rich? No matter! WGAT will never split as long as I own it. My stocks never split. Splits coming? What a bunch of crap!

I have news for my broker. The splits are here. WGAT and my broker have split the value of my account in half and my wife is going to split my lip when she gets wind of this margin call. I hate splits! Splits suck!

Well I have three days to cover my margin call. I hope my stocks go up tomorrow. Oh they won't go up.My stocks never go up. That is not until the day after I sell them.

I wish I had cash. I never have cash. Why did I put all my cash into my Y2K generator business? Y2K what a scam that was! Y2k, margin calls and my life suck! Why does this always happen to me?
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