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I never heard of it? What have tulips got to do with
the stock market anyway ????I bought 100 shares of Amazon last week and I'm sure I'll be laughing all the way to the bank in a couple months.Its just gonna keep on going UP and UP and UP
maybe I can buy some tulips with All my Profits. ha ha
MrJasonRodes, your ignorance is showing.....you must be new to the markets, and don't understand these basic priciples. You can read all about the Dutch 'tulipmania' the 'southsea bubble' and other manias in Martin Fridson's classic book "Extraordinary Popular Delusions And The Madness Of Crowds"
It is required reading for any investor, IMHO as well as Edward Leferve's "Reminiscences of a Stock Operator". Good luck. You will need it if you are still long AMZN..............
The tulip bulb crash is the quintessential example of "castle
in the sky" or "the greater fool" school of investing. I can't
remember exactly when, maybe it was the 1600's. There was a run
on tulip bulbs in (Denmark?). Eventually, some rare bulbs were
going for the equivalent of the price of a house. People were
buying them, not because of their intinsic value - and you could
make some money growing rare tulips, but only because they believed they could pay a small fortune for a bulb and someone
else would come along who would pay a larger fortune. Well needless to say, one day people realized that tulip bulbs were not
worth the modern equivalent of tens of thousands of dollars, and the bubble burst. The next day people who had payed a fortune for
their tulip bulbs couldn't give them away. I suppose if you have your broker give you your AMZN stock certificates, you could
build a nice little bonfire with them :)
For a great little article about the tulip bulb craze and other similar investment disasters, go to:
Why buy books when you have the Internet? <g>
Hey Dutch bulb dude(Louis VV),
Investors are not wiped out if they hold stocks
that experience short-term decline...it is all
paper loss. Myself, I don't think AMZN will
decline too much if earnings report comes
in a little down, but if AMZN would go down,
I would hope folks will look ahead to The Future
of Amazon.com...short-term downturns would
not look nearly as bad.
LONG TERM INVESTORS ARE ALWAYS THE ONES WHO GET WHIPED OUT!!!
WHEN STORY STOCKS LIKE THIS FALL THE DROP FASTER THEN A ROCK
OFF A CLIFF!!!!! ANYBODY Buys this stock and DOES'NT Watch it Everyday
and just Checks it every week or so has a very GOOD CHANCE of LOSING MOST, IF NOT ALL!!! of THERE MONEY You apparently are a rather NEW Investor I ve been doing this for 25 years and seen it ALL BEFORE!Rain Forest Cafe is a current example $30 to $18 in 2 hours.The reason missing earnings estimates by 2 cents this
company has No Debt! Is Earnings millons every quater. Unlike AMZN who is borrowing just to keep GOING!!AND HAS NO Earnings!
ANYONE who buys this stock in will be in for RUDE AWAKING AND A
EXPENSIVE EDUCATION ON THE REALITIES STOCK MARKET INVESTING!!!!!!!1