....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.

On Mar 3, 2:08 pm, HK wrote:
...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.

Meanwhile, in the real world.............

"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.?

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?

"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.


How do you determine that? Last time I checked stock sold for whatever
people were willing to pay for it with a hopeful expectation that their
value would go up over time.

What is sad is that some poor sucker who socked his money away for
retirement in a 401K plan is back to where he was in 1996-97. That's not a
correction. That's a crash.

Eisboch

Eisboch 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.


How do you determine that? Last time I checked stock sold for whatever
people were willing to pay for it with a hopeful expectation that their
value would go up over time.

What is sad is that some poor sucker who socked his money away for
retirement in a 401K plan is back to where he was in 1996-97. That's
not a correction. That's a crash.

Eisboch


I base it on my belief that the inflated stock prices of the last few
decades were based upon nothing more than fraud, collusion between
accounting companies and corporations, lax enforcement and, of course,
greed.

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.

On Mar 3, 4:45*pm, HK wrote:
Eisboch wrote:

"HK" wrote in message
om...
...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.

How do you determine that? * Last time I checked stock sold for whatever
people were willing to pay for it with a hopeful expectation that their
value would go up over time.

What is sad is that some poor sucker who socked his money away for
retirement in a 401K plan is back to where he was in 1996-97. *That's
not a correction. *That's a crash.

Eisboch

I base it on my belief that the inflated stock prices of the last few
decades were based upon nothing more than fraud, collusion between
accounting companies and corporations, lax enforcement and, of course,
greed.- Hide quoted text -

- Show quoted text -

Was that what they taught you at Yale?

"HK" wrote in message
...
Eisboch 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.


How do you determine that? Last time I checked stock sold for whatever
people were willing to pay for it with a hopeful expectation that their
value would go up over time.

What is sad is that some poor sucker who socked his money away for
retirement in a 401K plan is back to where he was in 1996-97. That's not
a correction. That's a crash.

Eisboch


I base it on my belief that the inflated stock prices of the last few
decades were based upon nothing more than fraud, collusion between
accounting companies and corporations, lax enforcement and, of course,
greed.


Of course you do. And it's all Bush's fault too. Obama simply inherited
the problems.

But of course your simplistic beliefs make it easy to "understand" a very
complex situation brought on by many factors and actions on both sides of
the political spectrum. And, of course, the fact that the fraud and
collusion in big business that gets all the media attention is
representative of a small percentage of businesses, most of which operate in
an honest and lawful manner. Your union affiliations blind you to the
truth.

So, it's pointless to debate. I do remember, however, the days of your
bragging about how well your investments had performed, notably Microsoft.
How times have changed with the political wind.

Eisboch

GC Boater wrote:
On Mar 3, 4:45 pm, HK wrote:
Eisboch 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.
How do you determine that? Last time I checked stock sold for whatever
people were willing to pay for it with a hopeful expectation that their
value would go up over time.
What is sad is that some poor sucker who socked his money away for
retirement in a 401K plan is back to where he was in 1996-97. That's
not a correction. That's a crash.
Eisboch
I base it on my belief that the inflated stock prices of the last few
decades were based upon nothing more than fraud, collusion between
accounting companies and corporations, lax enforcement and, of course,
greed.- Hide quoted text -

- Show quoted text -

Was that what they taught you at Yale?

They forgot to tell WAFA that union organizers and their buddies are
financed by greed.