March 18, 11:57
Yahoo! Research Labs has a pretty cool new app out making markets out of buzz called Buzz Game. It uses the Yahoo search engine to identify hot topics and assigns a dollar value based on that. When you sign up, you get $10,000 to trade for an can invest as you see please.
Now the reason this is terribly interesting is of course that they have a Web Application Frameworks market. And as I spotted this, I saw that Rails was already trading at twice the value of number two (Flex) and more than four times the value of Java. Wow!
Puzzled as to what all this would mean, I asked recognized internet entrepreneur Thomas Madsen-Mygdal. As the founder of internet conference Reboot, co-founder of wifi hotshot Organic, and a slew of other companies, I knew he would know. While Rails was trading at $22, he predicted:
I see the core fundamentals in the Rails market taking it to 80 dollars six months. A strong buy recommendation.
Holy moly! That's a four-fold increase prediction right there. Not one to distrust Thomas, I immediately invested all my starting capital of $10,000. Are you in yet?
Challenge by Vui Lo on March 18, 13:17
Hi Mr. Hanson, I've just invested $1000 on Rails! I'm expecting to have a fat return on my investment real soon.
Mr. Hanson, thank you for Rails, you've done a great job to the developer community.
Challenge by bubble on March 19, 13:26
Looks like Mr. Vui Lo will have lost around $700 of the $1000 he invested. Fear the markets.
Challenge by phil on March 19, 17:19
It went down to $6.70 over the last several hours. What's up?
Well, this is a great buying opportunity! Buy Rails!
Challenge by Wes on March 19, 19:46
Most of the stocks crashed. For example, SQLite went from the ~$6.00 that I bought it at yesterday to $0.02. It was backup up to $0.75 by the time I bought some extra shares.
Challenge by TheAlbinoBowler on March 19, 20:04
Yeah, I lucked out with SQLite yesterday...bought $500 worth of it at around 4o cents a share and sold it when that was then worth $10,000. Wish I would have bought a couple thousand. Now its back to 75 cents like you said. Crazy.
Challenge by speedy on March 19, 20:52
seems buy-and-hold is an unsuitable strategy on this market
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