(Total Views: 350)
Posted On: 12/03/2018 12:43:08 PM
Post# of 72446
If the market knew, you wouldn't have seen JAZZ go from 20 cents to nearly 200 dollars in a couple of years.
The stock market is a self-reinforcing loop -- one influential person says something, others jump on the bandwagon, and before you know it, you have stocks like AXON with a 2 bilion dollar market cap, based on one previously failed Alzheimer's drug that they bought for 5 million bucks.
And then, when the Wall Street insiders had a chance, after selling it to all the individual investors, they let it tank to a dollar a share, instead of the 20-30 range where it IPO'd and stayed for a long time.
The stock market is a self-reinforcing loop -- one influential person says something, others jump on the bandwagon, and before you know it, you have stocks like AXON with a 2 bilion dollar market cap, based on one previously failed Alzheimer's drug that they bought for 5 million bucks.
And then, when the Wall Street insiders had a chance, after selling it to all the individual investors, they let it tank to a dollar a share, instead of the 20-30 range where it IPO'd and stayed for a long time.
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