Be smart!

bychrisphemy

949 followers

9 years ago

A man traveled to a certain country and announced to the inhabitants that he would buy antelopes for $25:00 each. The villagers knowing how much antelopes that have, went out to the forest and started catching them.

He then bought thousands at $25:00, and as supply started to reduce, the villagers began to relax.The man then increased the price he's buying the antelopes to $40:00. This geared the efforts of the villagers and they moved out in their numbers to catch catch antelopes again. In no time, the animals were out of supply and people had to go back to their business again.

He further increased the offer to $50:00 each and the supply of antelopes became so scarce that hardly will you see an antelope in the bush, not to even talk of catching it.
At this point, he now increased the price of buying the antelopes to $100:00!, but he will be going on a short trip and his salesman would now buy on his behalf pending his arrival.

While he was away, the salesman connived with the villagers to sell all the antelopes already bought to them at $80:00, and when his boss returns from the trip, they can sell to him for $100:00 each." The villagers saw that as a very juicy opportunity, gathered all the money and bought all the antelopes.

The salesman disappeared after selling all the antelopes, they never saw him or his boss again. This gives an insight to how stock market works, you just have to be very smart when you are into it, either buying or selling...