Parabolic move is what we are witnessing..8-2020

traderking007 said:
wow that would have been terrific thats why we need to allow companies to fail at certain points so you are saying jeff almost lost it once before.. hmmm he could do it again
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Another one is apple. Yes apple. The company was a worthless loser in the late 90s, no wanted it. Word was that GE was going to buy them but had no way of implementing them into their business affairs. Anyways guess who bailed out apple?????

Microsoft. Microsoft gave them a loan to help them survive. Without that loan Apple would NOT exist today. Hard to believe but the story is absolutely 999999% true.
 
[BRIEFING.COM] Mega-cap tech powered the Nasdaq Composite to a 0.7% gain and to new record highs on Monday. The S&P 500 set an intraday record high but declined 0.2% amid relative weakness in the broader market. The Dow Jones Industrial Average fell 0.8%, and the Russell 2000 fell 1.0%.

There was an absence of new macro developments, so the same tech-related stocks continued to set the winning pace at the expense of the cyclical stocks within the energy (-2.2%), materials (-1.5%), financials (-1.2%), and industrials (-1.2%) sectors. Declining issues outpaced advancing issues by more than a 2:1 margin at the NYSE.
 
S2007S said:
Another one is apple. Yes apple. The company was a worthless loser in the late 90s, no wanted it. Word was that GE was going to buy them but had no way of implementing them into their business affairs. Anyways guess who bailed out apple?????

Microsoft. Microsoft gave them a loan to help them survive. Without that loan Apple would NOT exist today. Hard to believe but the story is absolutely 999999% true.
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Is this the best argument you have? Someone was poor once, and finally made the American dream,so he will be poor again? Bears are in trouble if that is the case. Even if markets crash to zero, I guarantee that Mark Zuckerberg will at least be a millionaire.
 
S2007S said:
It was a worthless company after the dot com bust. NO ONE WANTED IT. The loan came literally at a perfect time for them to keep going while the others failed.

Amazon won't be on top forever. Go back to anytime in history, we can name hundreds of companies that are either struggling today that were once leader of the world and companies that were significant to the world that are non existent today.
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Your bias is showing again. Dominant IT companies 30 years ago : Microsoft, Intel, IBM. Still all relevant and Microsoft is thriving. Amazon may be on top for a long, long time. They were never going out of business.
 
S2007S said:
Another one is apple. Yes apple. The company was a worthless loser in the late 90s, no wanted it. Word was that GE was going to buy them but had no way of implementing them into their business affairs. Anyways guess who bailed out apple?????

Microsoft. Microsoft gave them a loan to help them survive. Without that loan Apple would NOT exist today. Hard to believe but the story is absolutely 999999% true.
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AAPL was never a worthless loser. Their low point they were a $10 stock which was a value play for anyone who invested in them. Your memory is terribly flawed by that tremendous negative bias you have at all times.
 
noddyboy said:
Is this the best argument you have? Someone was poor once, and finally made the American dream,so he will be poor again? Bears are in trouble if that is the case. Even if markets crash to zero, I guarantee that Mark Zuckerberg will at least be a millionaire.
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He's full of shit can't even remember what actually happened. I have a great long term memory it's one reason I oppose some of the shit people about the dot com bubble on here ( plus being in IT myself throughout ).
 
Nine_Ender said:
Your bias is showing again. Dominant IT companies 30 years ago : Microsoft, Intel, IBM. Still all relevant and Microsoft is thriving. Amazon may be on top for a long, long time. They were never going out of business.
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They were going bankrupt. What don't you comprehend. Its a damn fact. Just like you don't comprehend that this rally is fueled by nothing else but the fed....

There is no bias here. It's a FACT that amazon would have been bankrupt and LONG LONG LONG gone without getting extra the funds it so needed just before the dot com collapse.
 
Nine_Ender said:
AAPL was never a worthless loser. Their low point they were a $10 stock which was a value play for anyone who invested in them. Your memory is terribly flawed by that tremendous negative bias you have at all times.
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Apple was a worthless losing stock in the late 90s, and then you talk about it being a value play? Hahahah. Go back to that time and see if you would have thought it was a value play, it wasn't anything, it was a complete loser of a company at the time and going bankrupt. There is absolutely no bias here, again it's a FACT that apple almost went bankrupt and did Receive funds from Microsoft to keep them from bankruptcy, but yet you do not believe any of this. You think it's just another made up fairy tale.....
 
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