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« A Stock Market in Rwanda? | Main | We've Pulled Even With the Market » June 21, 2006 How Low Can It Go?I often hear people say that a particular stock is so cheap, "how much lower can it really go?" The answer is, it can go a lot lower. A stock can drop 99% and it's still not at zero. It can drop another 99%, and it's still worth something. In fact, a stock can drop 99% many, many times, and still not reach zero. Delistings don't make a lot of news, but they happen every week. Here's a graph of issuers on the NASDAQ since 2003:
Posted by edelfenbein at June 21, 2006 6:28 AM |
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