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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 71.07-1.4%Nov 6 3:59 PM EST
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To: RetiredNow who wrote (61209)9/4/2002 9:19:24 AM
From: MHA  Read Replies (1) of 77397
 
On what basis is a stock valued? my understanding is that a stock value reflects the perception of that company and has little to do with the fundamentals.

In simple words the "stock broker" wants to sell at higher price when they are more buyers and buy back at a much lower price when they are more sellers. In other words the broker always wins!
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