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haele

(15,238 posts)

12. Good lord, how much of this is from formulas blindly coming up "buy" at computerized brokerages?

Thu Jul 10, 2014, 12:31 PM

Jul 2014

If trades start going up over the 'net, and there's no one at the switch at these companies to actually check if there's something being traded, I could see how there would be a logarithmic jump in capitalization just from a virtual effect.
The market now has a very simple brain - programs on a network - that's driving by it's big mouth.

There is still "no value" in this company, but whoowee - talk about making money out of nothing. But still, with no assets or product, it's just as much a con as putting out an ad in personals "Starving student - just send a dollar to this p.o. box" - which is illegal in most states. Strange that it is legal...

Haele

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Highlight:

Undisputable Bubble Insanity: No Revenue, No Assets Company Up Over $1 Billion [View all] DeSwiss Jul 2014 OP

Candy, birth, and time always holds true hobbit709 Jul 2014 #1

I thought there was meant to be some minimum viability for a company to get a stock exchange listing muriel_volestrangler Jul 2014 #2

Posted to for later reading. eom. 1StrongBlackMan Jul 2014 #3

It's over the counter, not listed or buyable on any official exchange. stevenleser Jul 2014 #13

It is the stock market, it is always a con. PowerToThePeople Jul 2014 #4

There's just as much nitrous oxide inside the bubble as there ever was . . . hatrack Jul 2014 #5

The more "mainstream" financial press has picked up the story. It will be interesting to see what, genwah Jul 2014 #6

This one is bound to pop soon sharp_stick Jul 2014 #7

I am opposing a social order in which it is possible for one man... Cal Carpenter Jul 2014 #8

Thanks for that quote. redqueen Jul 2014 #10

+1 leftstreet Jul 2014 #11

+1 billion Starry Messenger Jul 2014 #14

Name sounds like "SINK". Coincidence? nt Maven Jul 2014 #9

Good lord, how much of this is from formulas blindly coming up "buy" at computerized brokerages? haele Jul 2014 #12

I dont think any. I don't think over the counter stocks work that way. stevenleser Jul 2014 #15

With the way Wall Street is doing lately you can ge taway with it Puzzledtraveller Jul 2014 #16