Yes, I was referring to SP only. As is clear in most of my posts I have not been a strong fan of the board.
IMO there are two types of management of companies, one to simply grow SP, often with no relation to reality, a kind of sheep mentality at times driven by well constructed but meaningless press releases. (Or worse, by hikers.)
The other one actually builds a company, grows revenues and profits, and in those cases the SP typically follows, sometimes a lag.
The first is the quick profit taking kind, and the unrealistic SR drive is usually "manipulated" again IMO, by profit skimmers.
So there is a good SR rise and I was giving credit to that.
My world is driven by companies with powerful board talent and passionate executives who build something real and sustainable. So I agree with you that is not evident.
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