Sequans Communications S.A. (SQNS)

[downsideup]

Surely you're not saying that "the market"... is stupid ?

Just because the information has been out there all along... being ignored by the market... as last week the market priced the "knowns" at $1.40 and this week the same "knowns" are being priced at over $2 ?

The fact that price changes of 60% and more can occur with very little resistance when there is "adequate liquidity" provided to enable it... liquidity "works" even if there is an information vacuum ? And, it works even if there is only an information vacuum between some traders ears ? But, the fact of market functions means that everything is always properly priced ? Right ?

/s

The role of liquidity in the market... is to enable over pricing and under-pricing... which you need to generate volume... because, if everything were fairly priced all the time... that wouldn't be any fun, there wouldn't be a reason to trade, and market makers wouldn't make any money ?