True enough--but only to a point. A trader will be gun shy, knowing that a hedged commodity doesn't always mean shares will remain propped up. There's a practical side to this so I agree with you in that regard. But traders feed & breed on momentum. For that to exist we must have shareprice swings. Those will be based not on marketing logic, oftentimes, but on perceived emotional outpourings. This may include irrational behaviors, temporary swings in commodity pricing due to global tensions and/or threats to supply, and political chaos.
Over the longer haul, I'm with you but I feel it necessary to take steps to forewarn others of different endings to the same tale. Something I learned after a divorce:
Trying to deal with an irrational person isn't rational.
Similarly, applying logic to a publicly tradable entity is often going to be revealed as illogical if it's driven by emotion whether it be greed, fear, passion or a host of other possibilities. Occasionally I find I have to question my own thinking and that has me wondering if I'm not part of the problem, myself. lol
Yet second-thinking can be a good thing when it brings us to rescind that foolish buy or repurchase a stock we sold without thinking straight.
Keep on keeping on---your logic is perfect.
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