The VG stock fiasco is quite interesting to me. During my free time, I browsed through the old forum postings before, during, and after the IPO debut of VG. I noticed that the posters were really excited before the IPO comes out....they even count down to the last minute of the IPO!...only to see it falls. Even after the first day, they said that the will purchase more!....only to see the stock goes down further.....when will it ends?....now there is no more excitement...only a message here and there of discontentment.
As everyone knows by now, investing is like gambling....you took your chances and hoped for the best. You can search and learn all about the company you are investing in but you will never have a fair shake. The big underwriters/bankers always make money before you do...they have all the inside knowledge....we the public are left with the remains...usually the bad stuff. Just watch, regardless of how bad VG is, the underwriters will never give any rating less than a hold. It's obvious that the info we got will always be tainted.
It's all about greed and money. The bankers and brokers will say anything to cover their behind, we the public are left to fend for ourselves. And yes we are greedy too... Want to make a bet on VG on their earning call on Tuesday Aug 1?....VG will either go up or down....make your bet...gambling is good isn't it....
Last edited by GetReal on Thu Jul 27, 2006 7:37 am; edited 1 time in total
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