[quote=markmax33][quote=flu][quote=markmax33]
America’s engine is the small business and they don’t have stocks and aren’t manipulated or doing the manipulating. I was trying to make an everyday example of an everyday company that was cleaner than the others. Take everyday small businesses instead and then my point should be clear.[/quote]
mm33,
I don’t doubt you’re an intelligent person. But really, there is a huge difference between a small business that you describe an these blockbuster IPOs of these dazzling companies. Most of these companies would have no shot at making their splash if it weren’t for the leverage/influence/etc of the very big wall street companies that main street loves to rail again. These are the same firms, (albeit different departments) that main steet is so disgusted with in the bailouts that will make a killing on these IPOs. They have an entire sales team dedicated to pumping up these companies up so they can sell to everyone else and cash in.. Look at who’s underwriting Facebook… Same top 3 investment banks, some investment banks that got involved into commercial banking to take advantage of all the RE speculation, and where the same banks that underwrote the previous .com bubble companies. Everytime you buy a post-ipo share on the retail market, you are contributing to this very game that you otherwise rail against. There’s nothing wrong with that. But call it as it is…..[/quote]
Again the initial point has been missed in like 40 posts now. There are companies that win through more manipulation than others. The more manipulative the more they should be taxed. They aren’t legitimate businesses. I have yet to see an explanation on how after the initial pump and dump you can’t reliably buy a good stock. They are pawns in the system. I also don’t understand why you all don’t consider a stock like Google in you logarithm or why all tech stocks are horrible and are part of a gamed system. There are a number that show really good grwoth potential for years to come, not a ton of them, but there are some.[/quote]
mm33,
You ever wonder why i-banks have so many “analysts” on cnbc/bloomberg/cnnfn/etc, with they buy/hold recommendations…. (Actually, come to think of it, until recently, have you ever wondered why you rarely have an analyst on a big firm ever put out a sell recommendation until recent times)… They are part of a sales team…
This sort of shinnegans goes on all the time long after an ipo…Look at the stock market these days. How much do stocks move based on speculation of the future put out by some of these ibanks versus real fundamentals of the company??? Really mm33, unless a stock is paying a hefty dividend, it’s pretty much gambling and speculation propped up by wall street and all the cronyism that comes with it. The only difference is what side of the fence you are on…the winning side or the screwed/to-be-screwed side.
