(Topic ID: 305809)

Getting out while the getting is good

By BowlingJim

2 years ago


Topic Heartbeat

Topic Stats

  • 26 posts
  • 17 Pinsiders participating
  • Latest reply 2 years ago by CrazyLevi
  • Topic is favorited by 2 Pinsiders

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    13
    #5 2 years ago
    Quoted from Krupps4:

    Pinball prices are artificial and Amazon and apple stock prices are, in theory, based on financial performance - profits and revenue.

    If that’s the case then how is there such a thing as insider trading and only certain people are allowed to do it? How is it that a natural disaster or “pandemic” can cause instant decline? How is it that a tweet or social media post can change the value of a stock? How is it that a famous or well known individual can say something and there can be a change in value based on what was said or implied?

    Stocks are also artificial, they go up and down based on public opinion. Don’t kid yourself into thinking stocks are safe and based on financial performance alone. If that were the case there’d be no risk. At least with pinball you have a tangible asset that cannot be devalued to zero.

    #18 2 years ago
    Quoted from Krupps4:

    stocks are backed by actual value

    I don’t know of any stocks based on “actual value”. They are fear/speculation driven. People mostly sell out of fear (no more profit or a downturn) or they buy in anticipation of profit.

    Fortunately, pinball has actual value, it is a tangible item. They (stocks and pinball) really rise and fall based on perceptions. They are worth what the FOMO drives them to. The exception with pinball is it will not ever be devalued to zero. Pinball will always be worth something.

    It’s silly to compare pinball, stocks, cars or anything else, they are completely different animals that values share common traits. Pinball has been rising in value constantly the last 10 years or so.

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