Hi rob - there is no doubt that Naz was a bubble. Hindsight is 20/20, fools like myself discover it too late. However, 1st, I still don't know what "AA" stands for, but I gather it isn't nice. To me, it is an emotional statement. Allegedly, NJ did hype about his company going to be the 1st trillion dollar corporation. If he has indeed said that, shame on him; if people have believed him, shame on them too!
If $139/shr is a bubble, then it is saying the mkt is not rational. Therefore, $4/shr is not rational either. The pendulum swings both ways. Lord knows I ve done my $139/shr investing! However, I am determined to do more $4/shr investing these days <VBG>! I don't know about AMZN, but I suspect it does worth something. How much? I don't know. However, I do know that if INSP has get to a cash position of $500MM by the end of the yr, it is an enviable tech stock, whose technologies are yet to mature. If it can indeed return to its profitability path after a couple of Qs of refocusing, it is an enviable company with tremendous flexibility.
Besides the former INSP officers, who have decided to unwind their holdigns [can't blame them, can we?] I don't know who else are selling. However, I suspect there is such an alternate unvierse that mirrors the greater fool theory. Really, it is the participants that bid up [or down] the stk, blame the investment bankers for hype, blame them for leaving after the party is over, but unless there is blatant irregularity, one can make sense of a stk by saying, hey, it was an overpriced stk, or hey, it is an underpriced stk, or hey, it is a fair valued stk.
best, Bosco |
