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EverydayInvestor (< 20)

Thursday Night Music Video & The Beneficial Effects of a Market Meltdown

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October 16, 2008 – Comments (1) | RELATED TICKERS: IOC , PRKR , SUF.DL

People are bemoaning the loss of wealth of this market crash, yet I see one really good thing that has happened -- equity costs have increased. They have increased most for the riskiest and sketchiest companies. Take a look at some of my favorite bad companies: Razer (RZ), Parkervision (PRKR), Interoil (IOC), Sulphco (SUF), Research Frontiers (REFR), Altair (ALTI), and Medis Technologies (MDTL). All of these are terminal shorts in my opinion. Their crashing stock prices will hopefully prevent them from raising more money by selling stock, thus leading to their demise. Remember, the point of the stock market is not to make me rich but to allocate capital. The world will be a better place when money goes to real companies and not pipe dreams peddling vaporwear like the above.


Melt-Banana - Monkey Man

Disclosure: No position in any company above.

1 Comments – Post Your Own

#1) On October 16, 2008 at 7:42 PM, ATWDLimited (< 20) wrote:

True, but their will be another scam, we had the dot com scams, the mortgage scams, there will be more, the stock market is supposed to be for accruing liquidity for legitement reasons. The nest scam I think will be the alt-energy, I have a feeling a lot of the plans are not really feisable, but I may be wrong.

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