You csn do all the research, check balance sheets, see debt levels, check forward orders and at the end of the day it means diddly squat !
Ypu have companies in the sam esector with p/e's of 4 and some of 20...so that is not a reference point..
Shorters, and margin calls, overseas debt problems, USA problems, never mind any problems we have...stocks are being sold for NO real reason, and stocks shoot up for no real fundamental reason...
Basically it comes down to who has the funds to back a position up or down can make the price whatever they want for as long as they want...so for the most of us it means if we pick the right movement we will make money...if we dont we wont...it really has nothing to do with the underlying stock/company.. the question is will the markts ever stabilize and get back to fundamental prices...or is t a pure gamble from now on????
