Friday, July 25, 2008 3:33:01 PM
Have you ever heard of momentum? I mean, there are a crap load of day traders who run stocks up much higher than the company is worth (DPDW at 2.35 last year), and you eventually get the inevitable drop below actual value (.35). Then consilidation(between .35 and 2.35) occurs when bears\bulls are trying to decide who wins. You, obviously a bull, think the company is undervalued at .81 therefore you are long and hold your shares. Some, bears, may think they want to see some real profits before they think this company is worth a 91 PE. I could go on and on, but I won't bore you anymore...
You don't understand how markets work if you don't understand why this company is trading at .81. IMO
You don't understand how markets work if you don't understand why this company is trading at .81. IMO
"Freedom is secured not by the fulfilling of one's desires, but by the removal of desire." Epictetus
This post is in my ignorant opinion. I have been wrong many times before.
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