"It isn't a catastrophe if a company with $100 million in market cap that's in reality worth $150 million experiences a drop to $50 million in market cap. It?s an opportunity."
Well... there you have it. Right in the very first sentence he (Rick) has shot himself in the foot.
How can something be worth M$150 if someone is only willing to pay M$50 for it ?
The value of something is an imaginary concept. Therefore it is what is in a person's imagination that determines what they would like to pay for something.
But having said that, I totally agree with most of the rest of the article, that volatility creates buying and selling opportunities. That's what share trading is about.
"It isn't a catastrophe if a company with $100 million in market...
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Last
0.7¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.960M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 2509266 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 1506244 | 1 |
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