Friday, March 1, 2013
If you're going to PDAC this weekend....
Here's a little game to play at PDAC.
Go to where all the "companies" have their booths set up.
Pick a "company" at random.
On your smartphone, look up its 2-year chart on stockcharts.com.
Then ask the booth guy "so, it says here that your 'stock' is down 95%/80%/99.7% over the past 2 years. Why do you even bother staying in business? It's obvious you suck."
Wait for reply, break out into uproarious laughter the minute he uses the words "hope", "challenging", or "we think".
Repeat at the next booth.
Seriously, let's have 100 guys doing this on Sunday. You won't be missing anything at the "newsletter writers' presentations" except a bunch of stock recommendations that have already plummeted 80%.