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mjr_: for the most part, no offense to any bankers
mjr_: bankers are scumbags
mjr_: should still be IMO
mjr_: bailout was a very dirty word back then
mjr_: i'm actually reading "too big to fail" right now
mjr_: even goldman had rumors of failure
mjr_: cuz they get scared
mjr_: but what they end up doing is buying at the top of the hill and selling at the bottom
mjr_: i'm down 4% on MPOE, i am going to double my position
mjr_: which is buy low sell high
mjr_: exactly opposite of what you should do
mjr_: because you want to own something that is profitable and you don't want to own something that is down
mjr_: they wait till they lose their profit and are down and then they sell
mjr_: the people will say no...don't sell
mjr_: and i say you want me to flatten it?
mjr_: i have seen people call up to check a position
mjr_: and when many are buying you should sell
mjr_: when many are selling you should buy
mjr_: it is counter to normal
mjr_: and i see a lot of people do that
mjr_: selling because you see red is dumb
mjr_: they are a lot smarter, but still, driven by emotion to some degree
mjr_: institutional investors are different
mjr_: they could literally not care less about what the company does
mjr_: in fact, some of them just buy and sell at the same price just to make liquidity rebates
mjr_: i think everyone gives these people WAY too much credit
mjr_: which doesn't care about any of that
mjr_: just like an algorithm
mjr_: to make a penny or two
mjr_: they are riding the emotions of others
mjr_: they are scalping and playing around, they have no idea of fundamentals
mjr_: yeah...the prop traders i see...they are super inside
mjr_: wall street is like a bunch of whiny spoiled children
mjr_: what you think is best
mjr_: you do what you want
mjr_: yeah...that is my point, a private company doesn't worry about spooking anybody
mjr_: irrational markets, focused on short term
mjr_: i don't care, sell sell sell
mjr_: but i made more money than you expected
mjr_: still though, i sold a record # of widgets...ok you suck, we don't want your stock
mjr_: get a straddle and just play the volatility
mjr_: i personally wouldn't bet on direction
mjr_: and went down like $50
mjr_: to try to cater to a fickle market
mjr_: how many times have i seen a company BEAT earnings and STILL get smoked
mjr_: but then again it is nyc
mjr_: i know a lot who do
mjr_: they want to see pretty green arrows
mjr_: but convincing joe six pack that you know best about servers or the tech market is too tough
mjr_: ie. it may be best to invest ahead of the growth curve for a while, take a loss, for future gain
mjr_: public companies divorce the interest of the company from the interest of the owner
mjr_: without worrying about pissing people off every quarter
mjr_: you can think long term
mjr_: no more worrying about what analysts have to say
mjr_: oh, i love the idea
mjr_: buying back all its shares
mjr_: btc/usd could affect that but that remains to be seen
mjr_: dell is being taken private
mjr_: so my point is that the revenue they bring in and the dividends they pay is way more likely to change the share price than the price of btc at the moment
mjr_: i am not at all interested in mining hardware speculation, if they deliver they deliver
mjr_: again, the two are not the same
mjr_: even though btc is up
mjr_: which is down from where i bought it
mjr_: as opposed to just taking the ride on btc, i am basically doubling down my bet
mjr_: i am happy with that
mjr_: i hope to get 3% on my position
mjr_: my point is that for february
mjr_: they can't change that now
mjr_: so my tiny fraction of that revenue is already mine in dividends
mjr_: but they already bet and that is already his revenue