"As for trading for what is the current fair value, lots and lots of
people trade for expected value. Just look at the internet stocks. They've gone crazy and will do so again. This is on future projections "
that, largely, was the cause of the depression in 1929.
People buying stocks on margin, paying prices based on future potential, rather than today's reality.
Yesterday is a canceled check, tomoroow is a promisary note, today is ready cash.
If I can get in under 6 cents, I will, otherwise, I'll wait, till more concrete developments happen.
If you must think about future potential, then you must think about future expenses as to how much it will cost to generate the videophone sales, to underwrite the mortgages, and to buy/run access wall street.
ISOMAN, standing at the blackjack table, contemplating a wager. |
