The market is just the movement of the share price. It is made of the ignorant, the informed, the manipulated, and the sheep. There is only one truth, and we take our punts on the evidence at hand.
I can present more than one scenario that account for today.
My preferred is. The presence of a large escrow seller remaining, who capped the run today and used Fridays anticipation of the results to sell into, and forced trade entries on Friday to take a T+1 exit. (constant reload, without ever going lower)
This does not imply anything whatsoever about Fake results. Contrary, the Audit/Review by GT in china would have at the very leasted checked bank balances. What does the market believe here? its all good, and a screaming buy.
Where are the buyers coming from?
This is a market that is buying the stock, based on a solid result, from traders and escrows.
And yes, this same market may include a minority that still think we are operating with monopoly money, as are any other company.
And it plays into accumulation as well. Who is buying.?
