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April 14 2011

Feels Good When a Good Stock Does Good

Written by / Posted in million bucks or nothing idea / 0 Comment

I am a strong believer in market forces. No matter what political opinion you have, the market corrects everything. It is all based on the fact that if there is more of something, we consider it less valuable, and it sells for less. If there is very little of it, and we want it, then it goes up in value. Facebook ads are a perfect example of this, as we all bid each other up and down on the little postage size section of screen on Dutch women between the ages of 40 and 45 who are interested in travel.

5 years ago I bought a little floor cleaning robot called Scooba that rocked my world. The more I studied the company, the bitchener it seemed. They made fricken robots! And they did real stuff like clean your floor or clean the pool. They also made ones that went out and blew up the homemade bombs, I.E.D.’s which is wicked cool to blow up with a robot instead of a Marine’s foot, or worse yet, some little Iraqui kids foot.

As I checked more on this company it turns out they have been cash positive profitable year after year. They took all of their profit and invested it in research, and built better shit. Nice, my kind of company. They make robots, that do valuable stuff, and reinvest their profit in making the products better.

I was sure as the war drug on that their stock would go up, but no, just sat there.

Today it fricken skyrocketed. It went up something like 10% just today, 25% year to date etc. etc.

Eventually real stuff goes up in value to its real value.

Another thing is markets go up and down and up and down.

Time to go back to finding foreclosures to buy 😉

(all of the above is my ideas only, not truth, and yes of course I own I-robot stock, duh.)

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