Rick,
"Eventually - the bubble will pop for a big big tumble. As early as tomorrow?"
Oh, I don't know about tomorrow... there's enough inertia behind it, if not hystereses in front of it, from various angles... to keep it buoyant for a while, I think. But what do I know?
This entire sector is blanketed with irrationalities. Here we have a product that isn't turning a profit yet, they can't get customers turned up fast enough -to the point where tempers are starting to flail- and when they do successfully turn up a group of residents in the same neighborhood, the most notable result is network congestion for new and old users, alike. And to boot, they are now being threatened with legislative meddling, once the regulatory attack was removed!
And the price of the stock just keeps going through the roof.
[Congratulations, by the way, Longs.]
But is this rational? The worse things get, the higher the stock price goes. So, don't be turned off by my not prognosticating about this puppy's fate. To me, it's nothing but a mixture of faith, hope and avarice, with more than just a healthy dose of looney tunes thrown in, for good luck. And so it goes...
Frank Coluccio |
