I think we all agree here about the realistic valuations etc.
When we say $3, we are referring to good news+profits+hype and momentum and only temporarily.
For instance:
Should A2m be worth $2.30? No, but it reached there a few weeks ago. But we could have argued the same logic at $1 with our minds and calculators.
But A2m it did it. As one analyst on TV said "The sky is the limit, buy at any price".
Similarly, we will see a price jump in Feb beyond the actual numbers of the stock.
Again, look at Bellamy's. Look at Blackmores. Check the PE ratio. They're wildly above market.
But then there they are. Mightily glancing down at us mere mortals who can only fathom having entered their realm 1 year earlier at 10% of their price.
I was watching the screen as the A2m SP went to $1.30, then $1.50... Then $1.70, then $2. Then $2.30. All in a period of 5 days. It happened. It will happen again. And the fundamentals will be even better this time around. I can't wait.
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Last
$6.45 |
Change
-0.010(0.15%) |
Mkt cap ! $4.669B |
Open | High | Low | Value | Volume |
$6.46 | $6.49 | $6.42 | $9.613M | 1.489M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1779 | $6.44 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$6.46 | 11650 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1779 | 6.440 |
5 | 18816 | 6.420 |
2 | 31645 | 6.410 |
7 | 17352 | 6.400 |
2 | 7791 | 6.390 |
Price($) | Vol. | No. |
---|---|---|
6.460 | 11650 | 2 |
6.470 | 7000 | 2 |
6.480 | 9890 | 3 |
6.490 | 11251 | 3 |
6.500 | 15620 | 10 |
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