Tag: You asked for it

  • You Asked For It – Priceline

    The results of the latest poll are in and the most requested topic is Priceline.  There are many reasons why Priceline warrants a discussion.  Even though it is well below its all time high of about  USD$1379, it is still one of the faster growing stocks of the past 5 years.  Priceline was the first S&P 500 stock to trade over one thousand dollars per share.  With the next earnings report due shortly there is much to talk about.

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  • You Asked For It – Gold

    The results of our online survey are in and the most requested topic was gold.  Gold is a very  interesting commodity to study.  It has a long history.   A wide variety of investors and  speculators have counted on its large changes in prices and very little utility value.  This topic deserves a lot of attention.
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Monte Carlo Fallacy

At the roulette wheel at Le Grande Casino in Monte Carlo, Monaco, the color black came up 26 times in a row. The probability of the occurrence was 1 in 136,823,184The incident is cited as an illustration of the gambler’s fallacy, because after the wheel stopped at black ten straight times, casino patrons began betting large sums of money on red, on the logic that black could not possibly come up again. The odds of red or black coming up on any individual spin were the same each time—18 out of 37; to no surprise of statisticians, “the casino made several million francs that night”.

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