Horse trader That someone was Paraphrasing Warren Buffet ... Unless you know WB :-) On a serious note , the notion the market is always right is the most ridiculous concept ever. How can a stock more up or down 5% in a day with no news and sometimes no change in the underlying price of the thing they are selling . The market is almost always wrong - all stocks fluctuate between undervalued to overvalued and even the notion of what fair value is , is in itself subjective and driven by assumptions we use. The market consists of opinions / assumptions that change hourly so the market in essence can never be right - making money is trying to play the valuation vs price gaps As for todays PNAs drop - I think there is a growing view production numbers will drive resource company profits as opposed to high prices so perhaps prod drops being disproportionality punished
PNA Price at posting:
$2.22 Sentiment: None Disclosure: Not Held
