RE:RE:How the stock market works (oldie, but a goodie)
The word investor is actually a "nicer" way of calling someonne a bagholder. People "invested" in cannabis and are loosing all their money except for the people who got in early and actually sold a year ago or so. People think they will make money, buying and holding unicorn fart stocks. I guess they weren't around for the uranium, rare metal, dot.com, etc. There is always a boom then bust sector to trade. Just look at oil,gas,gold,silver. It happens all the time.
When "investors" say that the stock price should be this or that, you know they are down big holding the bag and the price they paid is this or that.
I met a Frog early in the year and he was buying hexo around $9 and he told me it would be around $20 by end of the year. I told him he was going to be a bagholder because it will be around $2 by the end of the year. He said no way because its a good quebec company ran by good frogs. Hows it doing now? Good to see arrogant useless frogs lose money.
Qbec companies can only make money with their handouts from the federal gov. LOok at the billions going to bbd and the family pocketing millions if not billions of taxpayer money over the years.
Maybe the frogs can start a new company that trades socks. And mr dressup can be your spokesperson in a few years. Might even open up a division called the pajama dancers.