I have been using computers since Oregon Trail. Even earlier than that actually; I grew up during the Internet Boom of the 80’s & 90’s; I morphed from Tron to The Matrix, Hotmail to Gmail, Myspace to Facebook…I’m still on a PC (Word for Mac was tempting, but I still hang tight with my Compaq). Regardless, I’ve seen a lot of things, seen a lot of spam, and I am pretty well connected. Except when it comes to discussion boards. I’ve never taken to chat rooms, I don’t even really like it when friends pop up on my screen to chat on Gmail (not because I don’t like to chat, but I leave my computer on all the time and usually the volume is off. So if I don’t get right back to somebody who’s chatting with me, it’s not as though I’m being evasive; I just don’t know they’re there!)
That is, however, until I began trolling around the investment discussion boards. It’s tough to get any real information out of anyone in the financial world; holding back information is paramount to driving up interest, share price, and creating buzz. Insiders be-damned though, because of these discussion boards. It’s in reading these chats where fact from fiction gets dispelled and where I find answers to my questions. I haven’t joined the discussion on these boards; I’m more a peeping Tom; the direction of the conversation usually asks, answers, refutes, and solidifies the same questions I would have had.
However there has been an interesting phenomenon taking root in so many conversations; it’s one which I had to adapt to quickly. It’s all the use of abbreviations. Because I’m on investment boards, I associate people’s use of ALL CAPS as meaning they’re talking about a stock (AIG, RIMM, AAPL…) because that’s the way that stocks are listed – in all caps. However there were some phrases which began popping up in all caps which didn’t end up being stocks and which I had to decipher through my own investigative research.
GLTA – One of the first pseudo stocks I went on the hunt for (because nearly all the positive posts ended with this), GLTA is not some obscure name stock or anything like that. In fact it means “Good Luck To All.” There is also GFTA which replaces “fortune” with “luck.”
IMHO – This was another one which left me scratching my head and digging into my financials to see if this stock actually existed! It was everywhere! People were always saying it! …I would come to surmise that IMHO means “In My Humble Opinion.” IMHO is replaceable with the less sweet but still modest, IMO.
DD – Another abbreviated piece which was turning up all over the place was DD. People were always talking about making sure you got hip with DD. What is DD? “Due Diligence.” Ah! Of course! You wouldn’t just go throwing money into a well, would you? You would have to be SURE that well had money trees which sprouted from your contribution.
The abbreviations found on discussion boards leave me breathless sometimes. However DD, IMHO, and GLTA have been deciphered here for you. Now take that money from your money well tree and get into the market already!