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Re: qtipjoe post# 8362

Thursday, 07/05/2012 12:03:24 PM

Thursday, July 05, 2012 12:03:24 PM

Post# of 20680
Actually the last price is the price someone was willing to purchase the stock for. The Bid is the real value even if overpriced. A value someone is willing to gamble on that they will make money selling higher from this point. As no one knows if all shares are taken or not, whether or not there is still some left at the brokers and therefore there aren't any "sellers" just brokers getting rid of what they were given at the outset. Doesn't matter, you couldn't sell now for a profit if you wanted to. No fundamentals of this company give an indication of anywhere near this valuation. Of course when you are using a negative number to find valuation it is just that NEGATIVE.

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