Re: Share Price Dropping
Originally Posted by
Azure
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Millions are being wiped out of major shares such as Facebook just now. 24$Billion gone.
Is this the right time to buy and make a huge profit?
The whole market is seeing a slump I think, so no, I wouldn't treat it as a signal to buy. The falls are likely nothing to do with the specific companies but rather with wider market conditions. So if say company X is a really bad company run by really bad management then it's share price will likely still fall.
Stock markets are largely rigged arenas. The people in the know get out before the huge share price falls. The falls very often don't go back up. The market makers are effectly just resetting the normal level for that share.
Government needs to completely overhaul the entire industry but unfortunately it has government in its back pocket.