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S&P 500
5,487.03
(
0.25%
)
US TECH 100
19,430.40
(
0.14%
)
Dow Jones
38,834.86
(
0.15%
)
Brent Oil
84.62
(
-0.20%
)
Bitcoin
65,039.49
(
-0.15%
)
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gtv

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gtv

Re: mtrewulf post# 35426

Wednesday, 05/21/2008 6:01:26 PM

Wednesday, May 21, 2008 6:01:26 PM

Post# of 51429
The lack of transparency is the problem you're trying to identify.

Investors and gamblers here don't know how much oil they are pumping so how can the price of oil be compared to the profits of Hemi?

You need to first know how much oil they are pumping and how much revenue is coming in before you can correctly value the stock.

Until then, speculation is what drives the price.
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