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Ann: Market Update, page-150

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  1. 4,702 Posts.
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    What's astounding is that people think this app has legs!

    People will only every acquire a product (free or otherwise) if they either want it, or need it.

    This app has no relevance to either category.

    First up, it's undisputedly not a need.

    As for a want? I can't see it, mind blown that some can.

    If the idea had any substance behind it, FB or any other multi billion dollar entity would create a better version overnight.

    That some are determined to do all their dough in is fascinating. Watching stocks like this, and the human behaviour surrounding it really illustrates the fact that 95% of ASX spec investors get rolled.

    No want, no need = no viable product.

    And before some emotionally driven holder accuses me of it, no I am not after your 'cheap shares'. There are plenty of tech start ups that offer a product that people want, or need, and in many cases both.
 
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