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Old 07-27-2007, 04:11 PM
David Sklansky David Sklansky is offline
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Join Date: Aug 2002
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Default Re: PTEK

[ QUOTE ]
I'll give the 'standard' answer which I also believe to be correct in this instance. Don't buy individual stocks unless you have a really good reason to. Just thinking that something seems like a good idea is not a good reason. From reading this thread I would say that you do not have a good reason and therefore should not buy the stock.

Index Funds FTW

[/ QUOTE ]

That "standard" answer should now be modified to inlude what I named The Fundamental Theorem of Investing. Thus you don't buy a stock unless you have a really good reason to AND you can show the flaws in the reasons for those who are willing to sell it to you. In fact the second part may be reason enough in itself.
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