Berkeley CSUA MOTD:Entry 34285
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2004/10/22 [Finance/Investment] UID:34285 Activity:high
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!