|reply to ISurfTooMuch |
Re: Maybe a strategy here
And it pisses people like me who bought into companies because they overall have a good opinion of them, hell I lucked out getting in on Ford at 2 bucks and changes a share, and look where it is now. And yet I hold it still.
And it also pisses me off because it prevents needed infrastructure upgrades, as well as R&D on radically new products. These things cost money but don't necessarily pay off in the short term. But they're very necessary if your company is going to stay competitive. But the day traders don't care about any point past the moment they unload a particular stock. All they want is a quick stock price jump, and reinvesting profits doesn't do that.
I swear, if the current investor mindset had been in effect years ago, organizations like Bell Labs and XEROX PARC would have never existed.
Exactly, They only care about the stock long enought for it to go up a 1/10th point, only to sell it and then its AT&TwHO?