In times of volatility, perspective is an important commodity.
Take a share like Amazon, for example- since it's listing in 1997, it has soared from US$3.19, to $746. That's somewhere around 47,000%. That's a pretty good return. However, along the way it had pullbacks of 57%, 94% (tech wreck), 56% and 60%.
One guy, David Gardner, who amazingly held through all of that, put it this way:
"It's mostly looking at the business, not the stock. ... I think a lot of the world doesn't think about things that way. Every time I watch financial television ... I'm reminded again of how people are thinking too much about stocks; wigs, wags, and short-term moves, and they're not really looking at the business. While Amazon's stock dramatically declined over that period, the business did not nearly ."
So the thing to ask is, have the fundamentals for ACX improved or worsened recently? Demonstrably, they have improved. So what has been driving the sp recently? Clearly, a concerted short attack, combined with what really amounts to sp manipulation (short & distort). That will obviously pass.
