Barramundi
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No, that's called Retailing.
That's not what I meant. I wasn't trying to compare the convincing. I'm comparing a stock/future/whatever to magic beans. In fact, magic beans are at least physical, if completely worthless. But a stock isn't even physical. I think yall are really convinced that they are magical.
MoonRocket
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Yes they are magical....They can make money come and go at an alarming rate.
new_trader
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What do you mean a stock isn't physical? If you are buying something like property stocks or a physical commodity ETF then you are owning something physical. What do you want to happen when you buy a stock? Do you want a dump truck to come along and drop off part of the company in your backyard?
new_trader
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Do you know Ben Dover?
new_trader
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Not all money, only government fiat paper money is an IOU note.
Sidekicker
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and then dancing to some techno.
rawrschach
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things are worth different prices to different people at different times = a market
online.wsj.com/article/SB10001424052970204573704577187062821038498.html?ru=yahoo&mod=yahoo_hs
Ok, facebook has a new IPO. I quote, "The deal, seen as defining moment for the latest Web investing boom, could raise as much as $10 billion and value the social network between $75 billion to $100 billion, said people familiar with the matter."
Right. 100 billion dollar market cap. Yea.
When ...
"It isn't known if Facebook is profitable."
Ok, so, since I know some are a little slow, I'll repeat that, "It isn't known if Facebook is profitable." Yet, the powers that run the exchange think it has a 100 billion dollar market cap. It's a friggin joke, just a bunch of magic beans.
Ok, facebook has a new IPO. I quote, "The deal, seen as defining moment for the latest Web investing boom, could raise as much as $10 billion and value the social network between $75 billion to $100 billion, said people familiar with the matter."
Right. 100 billion dollar market cap. Yea.
When ...
"It isn't known if Facebook is profitable."
Ok, so, since I know some are a little slow, I'll repeat that, "It isn't known if Facebook is profitable." Yet, the powers that run the exchange think it has a 100 billion dollar market cap. It's a friggin joke, just a bunch of magic beans.
IPOs have less fundamental evidence to support future share price predicitons and there can't be any TA obviously. Otherise, this s a classic market: if everyone agreed on the precise value of something and that ths would not change, there would be no market. Doesn't matter if it exists yet, a 'promise' of cash at some future date is itself worth money - a more concrete proof of this would be when you work all month and expect to get salary at the end of it - that's why you handed over your hours, on the promise of the pay.
Probably another bubble in the making. My philosophy, fundamental, is "No profit growth in five years---no investment" Warren Beatty missed out on the hitech boom because, he said, that he did not understand the fundamentals.
