10/22 So who was talking about shorting Google stock? Hahahaha.
\_ Idiotic momentum buying and tulips. There's no "there" there.
This is not the "new economy". Most people had re-learned the
lesson of the "greater fool theory" by 2001.
\_ nweaver, we're really sorry you decided to stay poor. -tom
\_ What's your net worth, tom?
\_ Well, a stock's always going to be worth what people think it's
worth, new economy or not. -John
\_ Yes, if enough people think that. Until they decide to
take their profit. First one out is the least of fools.
It's all downhill from there.
\_ After the first one gets out, the price drops exactly
because people think it's worth less than before. So the
above statement still holds.
above statement still holds. (Well, if you want to look
more closely, you'll have to distinguish between the
bid/ask/last-executed prices, where the "stock price" is
only the last-executed price.)
\_ Last time I was thinking PMCS was worth $20 but other
people think it's worth like $9. Crap! |