Throwing Good Money After Bad at Value America
from the the-money-pit dept
This is happening in a lot of dot com companies today as investors are trying to salvage some sort of return on all the money they've dumped into questionable companies. The latest is Value America. What's surprising, though is the article that was written about it in ZD, which basically is saying the exact same thing I am. Usually the articles ignore the "throwing good money after bad" angle, and say "oh, look, this company is doing well 'cause they just raised a lot more money". I'm glad to see some reporters are seeing things for what they really are.
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Gambling or Investing?
The trouble is that recently there has been a complete disconnect between sound reasoning and investment decisions, and recent fluctuations haven't changed that yet. Eventually investors should desert the companies without sound businesses, but what seems to be happening so far is that speculators sell a dot com on Monday and buy it back again on Tuesday.
[ link to this | view in chronology ]