Quote:
Originally Posted by GregWeld
Now -- Since I'm on a roll this morning...
Let's not forget what the STOCK MARKET really is. It's a MARKET. PERIOD. At the end of the day -- for a stock to rise - more people must want to own it than want to sell it. End of story.
There are "popular stocks" -- no different than the popular girl in high school... everyone wanted to (use your imagination)... She had no problems finding a date. Stocks are the same way. The ones everyone wants to own are the easy ones.
In the end however -- it's about people and people are fickle.... and we're lemmings... if housing is hot - we all want to be in housing. If gold is hot we all want gold. When these things go "cold" (like when the hot chick shows up with a cold sore)... then "nobody" wants them and the price drops.
Some times - if you're lucky - the fact that you hit on the cold sore chick - and the sore goes away - she loves you for life and you're rewarded. Some times that cold sore is just the beginning of a far "lower" (get it) problem that isn't readily visible. Let's call this -- trying to catch a falling knife. If you're lucky you get the handle... if not - you get sliced and diced. I prefer not to play that game. It's gut wrenching - it's gambling - it works and you're a hero - it doesn't work and you're a zero.
Alibaba is on everyones target.... This is not only THE HOT CHICK - This is the hot chick that puts out! And it seems that people want in and don't want to get out. i.e, people want to hold it. That means the price SHOULD go up. I'm hearing on CNBC that most of the shares offered are going to institutional investors rather than retail customers ala (get it?) FaceBook (FB). People EXPECTED FB to double or triple on the first day and their plans were to get in and get out. A one night stand. The difference that I'm sensing is that people want to marry Alibaba for a far longer term and that can only be good for the shares.
ME? I'll wait and see.... but you young guys... this may be something that goes viral and It wouldn't hurt you to put $500 or $1000 into play. IF you do that -- be prepared for "whatever". Understand your expectations and your reactions if your expectations aren't met.
|
That right there is classic. I forwarded this to a few guys here at work who are always chasing the latest hot stock/chick.
Thanks Greg,
Don