Mark Cuban, Is the Stock Market Still for Suckers? [View article]
The stock market is not a ponzi scheme because what is being bought has inherent value, completely divorced from the stock exchange. Philosophically, one might question the idea of 'inherent value', since we can't be sure that other people will continue to find value in owning an oz. of gold, a parcel of land, or partial ownership of a company. But realistically, the odds of any of those things being considered valueless by the society we live in are pretty much nil. As long as there are people who want to own money-making businesses, there will be money in the stock market.
If You Like Solar, LDK Is a Good Bet [View article]
@carlivar: You are correct, actually on the way up there was the Q cells deal, bullishness over the Q3 results, and the accounting bill of good health. But I think the last one was what really kicked the price up into the 70s.
Definitely not a stock for the faint of heart, too. Seems like the slightest morsel of news sends it up, or down, 20%.
(I was lucky enough to have bought in at $35, took some profits near the top but am seriously considering taking advantage of this new drop to enlarge my position again.)
If You Like Solar, LDK Is a Good Bet [View article]
@bowman711: At the time they still hadn't been exonerated on the accounting issues. Once they were cleared of that the market's view of its riskiness changed completely and that's what set off the wild ride we've had since.
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Latest | Highest ratedInflation Expectations: Coming Down [View article]
Mark Cuban, Is the Stock Market Still for Suckers? [View article]
Philosophically, one might question the idea of 'inherent value', since we can't be sure that other people will continue to find value in owning an oz. of gold, a parcel of land, or partial ownership of a company. But realistically, the odds of any of those things being considered valueless by the society we live in are pretty much nil.
As long as there are people who want to own money-making businesses, there will be money in the stock market.
If You Like Solar, LDK Is a Good Bet [View article]
You are correct, actually on the way up there was the Q cells deal, bullishness over the Q3 results, and the accounting bill of good health. But I think the last one was what really kicked the price up into the 70s.
Definitely not a stock for the faint of heart, too. Seems like the slightest morsel of news sends it up, or down, 20%.
(I was lucky enough to have bought in at $35, took some profits near the top but am seriously considering taking advantage of this new drop to enlarge my position again.)
If You Like Solar, LDK Is a Good Bet [View article]
At the time they still hadn't been exonerated on the accounting issues. Once they were cleared of that the market's view of its riskiness changed completely and that's what set off the wild ride we've had since.