This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

For Risky Stocks, 'Right' and 'Wrong' Are Relative

NEW YORK ( TheStreet) -- Being right and being wrong are relative terms for investors. You wouldn't know that from the comments on my articles, but it's true.

When I worked in talk radio, we kept this statistic in mind: Less than 1% of our audience actually called into the show. As both a host and listener, this data has allowed me to keep my sanity. If every whacked-out "first-time caller, long-time listener" was somehow representative of the wider audience, I would have checked into Bellevue.

Same goes for comments here. Based on the numbers I have seen, far less than 1% of the readership comments on the typical stock market/business-related article. I know that most of TheStreet's audience are bright, articulate folks. I wish more of them wrote comments.

In any event, I write my articles for that larger audience we rarely hear from. They, as well as the excellent "diamond-in-the-rough" commenters, keep me going.

That said, there's a recurring theme in the comments' sections of articles: An obsession with being right or wrong. Because it repeats, I have to think that a meaningful portion of the larger audience shares the obsession.

I guess that's a stock market thing, a sports thing and, as such, a guy thing.

In relation to the stock market, I refer to being right or wrong as "a fleeting proposition," for several reasons.

First, on the most practical level, an Apple (AAPL - Get Report) bear, at the moment, is "right." If what most of the world thinks will happen actually happens and Apple blows the doors off of its holiday quarter, they'll be, suddenly, "wrong."

Today, I am so dead "wrong" on Zynga (ZNGA - Get Report) that I had people on Twitter offering me free shots. Even though the late Elliott Smith might have been correct when he wrote -- Whiskey works better than beer -- I would prefer several bottles of Molson to help take away my pain.

The AAPL and ZNGA examples also help illustrate several key points.

Consider finance and investment articles and discussions an exchange of ideas and perspectives, not stock picks or a macho battle over who is "right or wrong." It's pretty imprecise, anyhow, to assign the same stock selection to such a diverse group of people.
1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.03 -2.90%
ZNGA $2.40 -1.00%
FB $117.52 7.90%
GOOG $691.20 -2.10%
TSLA $247.54 -1.60%


Chart of I:DJI
DOW 17,830.76 -210.79 -1.17%
S&P 500 2,075.81 -19.34 -0.92%
NASDAQ 4,805.2910 -57.85 -1.19%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs