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To: jopawa who wrote (958)5/5/1998 7:09:00 PM
From: long-gone  Read Replies (2) | Respond to of 17683
 
John,
You are part of the problem! The market is about profit. The theory of the thing is that a good company(read as those with a profit) should drive a higher stock price. A profitable company should be reported on by business reporters. The (would be)investors would then invest in these companies which will provide a steady growing future stream of earnings!
If the "business news reporters" do as they did today and report on the fact that Cisco beat their earnings estimates by $.01 and Do not report that a mining company beat their earnings estimates by $.07 then a disservice has been done to that very investing public which they (wrongly) claim to inform!
The demand of others to buy the shares of the profitable company causes the shares to go up in price. allowing the early(smart) investors to reap a profit & for the company to offer more shares (at
the new higher price to expand their profitable business.
Can you Now see the problem?
The whole thing is about MONEY!!!!! Most people will never read(even here), much less think or travel and research the companies they invest in!
Profit should be rewarded by our system! The very smart & hard working should be rewarded! Are you come sort of Communist? Only a Communist would not want a profit talked about!
AND JUST WHAT IS THE PROBLEM WITH MINING????
rh