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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 41.75+8.2%Dec 19 4:00 PM EST
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To: ecrire who wrote (76340)9/17/2012 5:37:29 PM
From: Kirk ©6 Recommendations  Read Replies (1) of 207359
 
So what causes rising prices? Selling?
da and I have back yards full of bricks... lets say 100,000 that we paid 50¢ each for.
I sell one to Da for $1
a day later he sells it to me for $2
a day later I sell it to him for $4
next week I buy it from him for $10.
We report it to the SEC....
GAAP accounting says the bricks in our yard are now worth $1M
We tell our friends how much our bricks went up... 20x
They want to buy before they double again so we sell out our inventory slowly so the price continues to rise until we are out of bricks.
The trick is to find new names as you can only sell a brick into a bubble once...
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