graphrix_IHB
New member
<p>NIR, </p>
<p>You should post the inside info you have. If we had access to that info we would post it. This is one of the reasons why we complain that the public should have access to this information. It only harms the public when they lack access to information as important as rent skimming and inflated purchase prices. Everytime you post this type of information you gain more respect from me because you are doing what you are supposed to which is disclose the truth. Many in your industry would just hide it or would be completely clueless to it.</p>
<p>IR,</p>
<p>I need to read that book. Taking the psychological side out of trading is by far the hardest thing to do. A friend of mine and I discuss trading regularly and we both say take emotion out and move on. But we both do it and he has about five years more experience in trading than I do. In fact I still hold PPHM even though the numbers are not there. I make excuses like it is a local company and what they do could have a significant impact in the medical world blah blah. Then there are times when I feel that a trade has further to go like my HOV puts but I hit my profit level on Thursday and sold most of them. Friday they continued up and this is what makes you think "if I only waited" but this isn't the norm. Like you said people selectively remember the up scenarios more than the down even when the down is more the norm regarding the fundamentals. </p>
<p>With housing what is different is how many different facets of psychology and how many different levels they have an effect on from the land seller all the way down to the home buyer. Maybe there are as many levels in the financial markets but I have done the research on housing. I know I mentioned to you that I like to continue my education by taking a class every semester. Last semester I took <a href="http://www1.socccd.cc.ca.us/eservices/ClassDetail.asp?sectionID=62730A&termid=20073">social psychology at IVC</a> with Dr. Tucker for the instructor. This class by the way was one of the best I have ever taken at a community college because it was on par to a University level course which in my experience isn't the norm. I highly recommend to anyone who can squeeze an extra 8 hours of your week to take this class even if you have taken social psychology before. Anyway the point I was headed to is the paper I wrote for the class was on the psychology of housing. Even I was surprised by how many psychological traits I cited with real life examples. One study I read for the paper was "Mental Contamination and Mental Correction: Unwanted Influences on Judgments and Evaluations." by Brekke and Wilson. It proved how people would be told to ignore negative information easily ignored it and even when they weren't told to ignore it they still did. With the positive information even when they were told to ignore it they wouldn't and that positive info that was to be ignored replaced the negative info they were told was essential. The comments by Nick are clear signs of "overly optimistic probabilty bias" and I cited similar scenarios as his in the paper. I also cited IHB as an alternative media source and how the gains in traffic show an increased demand for more information. I hope Dr. Tucker came by and read some of your posts. I did get an A on the paper and Dr. Tucker commented that she had gained some new knowledge from it. I know I gained a better understanding on just how messed up the market really is. </p>
<p>You should post the inside info you have. If we had access to that info we would post it. This is one of the reasons why we complain that the public should have access to this information. It only harms the public when they lack access to information as important as rent skimming and inflated purchase prices. Everytime you post this type of information you gain more respect from me because you are doing what you are supposed to which is disclose the truth. Many in your industry would just hide it or would be completely clueless to it.</p>
<p>IR,</p>
<p>I need to read that book. Taking the psychological side out of trading is by far the hardest thing to do. A friend of mine and I discuss trading regularly and we both say take emotion out and move on. But we both do it and he has about five years more experience in trading than I do. In fact I still hold PPHM even though the numbers are not there. I make excuses like it is a local company and what they do could have a significant impact in the medical world blah blah. Then there are times when I feel that a trade has further to go like my HOV puts but I hit my profit level on Thursday and sold most of them. Friday they continued up and this is what makes you think "if I only waited" but this isn't the norm. Like you said people selectively remember the up scenarios more than the down even when the down is more the norm regarding the fundamentals. </p>
<p>With housing what is different is how many different facets of psychology and how many different levels they have an effect on from the land seller all the way down to the home buyer. Maybe there are as many levels in the financial markets but I have done the research on housing. I know I mentioned to you that I like to continue my education by taking a class every semester. Last semester I took <a href="http://www1.socccd.cc.ca.us/eservices/ClassDetail.asp?sectionID=62730A&termid=20073">social psychology at IVC</a> with Dr. Tucker for the instructor. This class by the way was one of the best I have ever taken at a community college because it was on par to a University level course which in my experience isn't the norm. I highly recommend to anyone who can squeeze an extra 8 hours of your week to take this class even if you have taken social psychology before. Anyway the point I was headed to is the paper I wrote for the class was on the psychology of housing. Even I was surprised by how many psychological traits I cited with real life examples. One study I read for the paper was "Mental Contamination and Mental Correction: Unwanted Influences on Judgments and Evaluations." by Brekke and Wilson. It proved how people would be told to ignore negative information easily ignored it and even when they weren't told to ignore it they still did. With the positive information even when they were told to ignore it they wouldn't and that positive info that was to be ignored replaced the negative info they were told was essential. The comments by Nick are clear signs of "overly optimistic probabilty bias" and I cited similar scenarios as his in the paper. I also cited IHB as an alternative media source and how the gains in traffic show an increased demand for more information. I hope Dr. Tucker came by and read some of your posts. I did get an A on the paper and Dr. Tucker commented that she had gained some new knowledge from it. I know I gained a better understanding on just how messed up the market really is. </p>
