Now that 'blue chip' stocks...
HK wrote:
D.Duck wrote:
"HK" wrote in message
m...
...are selling for the same amounts as "penny stocks" used to sell
for...
...what are penny stocks selling for?
My take on stock prices:
Stocks are now selling are prices that more closely reflect the
actual value of the companies that issued them, and the prices they
should have been selling for for the past two decades.
And who/what determines the actual value of stocks, your real estate,
your boat, your car, etc.?
The price of one's house (at least when you buy it new), car, boat,
commercial real estate, has little to do with the sort of speculation
and book-cooking done in connection with the sale of corporate stocks,
et cetera. Now, because of greed and outright fraud in the lending,
stock, insurance businesses, the value of just about everything has gone
down because far fewer people have the wherewithal to buy.
I saw earlier today that Citibank shares were selling for less than the
ATM charges some banks charge.
Does anyone really think the value of shares will rise to where they
were a couple of years ago? Or that they should?
The price is determined by the purchaser.
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