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Wednesday, June 02, 2010 2:27:32 PM
IME too many are biased by the PPS rather than the merits of the co. A number of individuals seem to want the CEO to call their personal cell and tell them *&%%$$$$$## made a 10,000,000 offer last night.
Everyone knows that speculative stock movements are carried too far in both directions, frequently in the general market and at all times in at least some of the individual issues. Furthermore, a common stock may be undervalued because of lack of interest or unjustified popular prejudice.
from the Intelligent Investor pg 31
From forward xiii by Jason Zweig
A stock is not just a ticker symbol or an electronic blip; it is an ownership interest in an actual business, with an underlying value that does not depend on its share price.
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