Bad experience, Good experience
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I don’t remember where I read this, but it says “losing 10% in a stock will make one feel 3 times worse than making 10% in a stock”.
I think same thing can be said for the recent iPhone activation fiasco (story 1, story 2). I am sure there are a lot more happy iPhone users than a few unlucky (and unhappy) users. Because at the end of the day, bad news spread much faster than good ones.
Interestingly, the software company Synchronoss Technologies (SNCR), who supplied the software and technology for iPhone order processing and activation, did very well in terms of stock. It has a PE (ttm) of 80, and $1 b market map with $78.1 M sales (ttm). Are we talking about another Baidu in the making 🙂