zlacker

Maybe just maybe, the markets are not as rational as these people think they are

>>poulpy+(OP)
Reminds me of that time when Nintendo's stock exploded after the launch of Pokemon go, only for traders to discover a few hours later that Niantic actually owned the game and correct the situation.

>>jeroen+kG
Nintendo is one of the three 1/3 owners in The Pokemon Company and an early investor in Niantic. I'd be curious how much was actually confusion as to who is making money vs just a normal hype cycle. I'd also be curious how much the game itself made the various owners vs what Nintendo made on the general interest in other Pokemon games/merchandise from the launch.

At the very least, the stock looks to have shot up for most of the launch month with the peak not occuring until July 18th and the stock still being significantly higher at the end of the month https://finance.yahoo.com/quote/NTDOY/history/?period1=14673...

I think the funniest bit of pure confusions was "Zoom Technologies (ZOOM)" being mistaken for "Zoom Video (ZM)" at the start of the pandemic to the point the SEC halted its trading on concerns around the confusion being the only reasonable driver. https://markets.businessinsider.com/news/stocks/zoom-technol...

>>zamada+jL
I was referring to the day Nintendo stock fell 17% after they published a notice on their website (outside of trading hours) that they did not in fact make Pokemon Go: https://www.theguardian.com/technology/2016/jul/25/pokemon-g...

The Zoom story is even crazier. The idea of the SEC needing to step in because traders were absolute idiots throwing their money away is laughable.

Let the traders burn their cash if they're too stupid to Google a stock's name, I say. Let them prove that the markets are intelligently driven and not just gambling for those under the influence of cocaine on the job.

>>poulpy+(OP)
It is really a type of self serving religious belief in the face of bounded rationality.

On the other hand, these type of companies are really hard to value too.

>>poulpy+(OP)
A quick way to make me not respect someone's economic opinion is to mention the "Efficient Market Hypothesis." This should be buried 7 palms underground.