VN's stock market

http://www.tuoitre.com.vn/Tianyon/Index.aspx?ArticleID=178013&ChannelID=11

Hahaha, I have to laugh out loud when reading the press today. It's just crazy, people rush out to buy shares not based on the financial health of companies but just follow on public trend. They buy shares today and sell them tomorrow, trying to find uneven amount as profit.

Why in VN there is a classroom in which an Australia finance expert, America graduates major in finance, farmers, sellers, housewives, students ... study together? Oversea finance expertise attends this classroom not to study anything but to find out how some Vietnameses invest money and see how crazy it is. The rest just learn how to open account, how to make order, choose shares etc... but not learn anything in basic accounting, reading financial reports, investment methods.

It's just fake profit. How can the company with 10,000 (VND)/share sell its stock in 40 times greater just a few days after openning? It has not produced anything in profit. So the profit people are dreaming is just money coming from one's pocket to another's. As soon as people recognize they can not earn much money from it, stock market decreases as fast as it increases.

Only companies have advantages. They are openned more and more to make use of this chance where most people are using their money carelessly. The total profit they and some so-called investers collect is the total loss most remaining people suffer. Anyway, it's the fair game. We have right to use our money as the way we want and investing is always an interesting game