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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Math Junkie who wrote (41051)12/21/2000 8:41:32 PM
From: Gottfried  Read Replies (3) | Respond to of 70976
 
Richard, >Every time someone bought a NASDAQ stock, the person or institution they bought it from was selling. So the answer is, the money went into the pockets of those sellers.<

True. But if someone bought a stock in '94 at $6, watched it ride up to $80 and down again to $30, without selling, then the money above $6 never was.

Gottfried



To: Math Junkie who wrote (41051)12/21/2000 9:05:26 PM
From: Gary Ng  Respond to of 70976
 
Richard, Re: So the answer is, the money went into the pockets of those sellers. What they did with it is anybody's guess

They bought back the same stock from the one the sold to at a higher price later, I thought this is the famous how two farmers both become millionaires by just selling one sheep between themselves story :-)

gary


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