When stock prices nudget upwards, there’s always a greater fool willing to come along and pay for more a security. At least, that’s the theory.
But when stock prices are in a free-fall, sometimes fear becomes rampant and no buyers are to be found. This is why stock market crashes take place.
That being said, I think all factors being equal, greed is a greater force than fear.
How come?
This morning I came across a post calling for a $250B mobile ad market. Mobile execs have no clarity into the market. It’s anyone’s guess what the wireless entertainment and mobile advertising markets will look like… but when investors see projections like that, it makes them willing to lose $560M in a venture like Helio.
Madness.
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