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The price of the stock DEPENDS on what the MASSES you ridicule think its WORTH!
Aug 17 11:27 am
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All Comments by opt »4 Things I Hate on Wall Street [View article]
You think its good to invest in an $8 stock because YOU think its worth $10... that same stock.. their is another smart guy just like you that thinks the stock is worth $6 and shorted it at $8 ...
Your so-called hoping the stock will catch up to what YOU believe the stock is worth is just the EXACT same as the others that are buying or shorting the same stock.
Long-term investing or day trading... the concept is quite simple... buy thinking some other sucker will buy it from you at a higher price.... or short and hope some sucker will sell it to you at a lower price.
The "CROWD" is the MARKET...