If the market was always right there would be no opportunities...

If the market was always right there would be no opportunities to make money (or lose money for that matter). It would be impossible to buy low and sell high. There would be no opportunity to identify stocks that are undervalued and the stock market would not function.

The idea that the market is right with each and every trade is circular. The market does not determine the true value of a company, it is the other way round out of necessity. IHL's decline has nothing to do with the prospects of the company. I challenge anyone to demonstrate otherwise. It's an emotional reaction to fear which is entirely disconnected / independent to the company itself.

The reason why the market works at all is because it is not right so often. Particularly at the speculative end of town.