Wednesday, March 01, 2006

 

The Gamblers

For the past week I have followed the "Yahoo Message Board"
covering the Sherwin Williams Company and have "blogged"
on Nuisance and Lead.....As of today the SW common stock
is selling for approximately $45 a share......And, I remembered
that is was selling in that price range not so long ago.....
So I checked it out......

The company's stock price has been a tennis ball bouncing
over a $45 tennis net for a full year......It was only in the last
month or so it went up above $50.....It was also only about
4-5 weeks ago that the Rhode Island lead trial got underway...

Conclusion, a lot of people, who play with stocks, bought at
$45 or better, in the hopes that the stock would really go
higher and they would make a "killing".....When the wrong
verdict came in (at $52) the stock plunged to $42, where it
had been last November......

All the stock gamblers quickly pulled out their money, in order
not to lose their initial investment and then complained and
complained on the "message board", never once accepting
responsibility for their their own actions.....I suspect those
that lost money complained the loudest.....

I wonder if anyone ever told these gambling "day traders"
that life is not fair......Pumps
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