>>Just like so many failed to realize the bubble, now they fail to realize
the bargain prices some of these stocks have reached. <<
There is no such thing as a "bargain price" when you are dealing with gambling. (Otherwise, Vegas casino operators would have plastered that word in gold dust across every table, wheel and drinking glass)
Many of the same people who believed in the bubble are the same now that want/need to believe such a bubble can be burst in a few short week/months, and that the rubble from the bubble(eat your heart out, Jesse!) represents "bargains".
Sure, many are down 90%. But most were 5-20 times overvalued in the first place, so...so what?
Market caps still in the several hundred millions or even billions are what you need to focus on.
Tech cos. with maybe/maybe-not winning products are just not worth those kinds of market caps -- certainly not in reality-based markets or to real investors (which we are all now becoming, right?).
Sure, you can gamble on their glittery futures. A better-odds bet now than before, perhaps, but still a bet on uncertainity -- a roll of the dice. Probable fool's gold.
With 10,000 stocks from which to choose, some with actual established, even unshakeable business franchises, why gamble with... gambling?
And, with the likes of AVNX down 90+%, I'm clearly not the only one pondering these questions. So, compounding your error, you are bucking the trend, my friend. |
