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Hou-trader

11/29/20 11:46 AM

#96022 RE: Kurt_Banoffee #96021

Stock prices aren't based on the fundamentals, they are based on how the fundamentals are perceived for the future. Looks like huge buying is here for some reason that we may not know yet. Ever notice companies that have great fundamentals and the price drops anyway? IMO the price is based on the perceived future. A stocks purpose is to move higher so investors can sell for more than they paid at some point. IDC why it's moving higher so much as long as it is. I have also learned to pay attention to these unusual moves since they can be very significant. So far the trend is looking impressive. JMO