Re pandev's points he is completely correct. However investors in 1pg don't need to be correct as there are lots and lots of them, they chase the stock and though one day it will end in tears right now many will make money
It's a sentiment stock, like all similar stocks it's valuation defies reason, it's investors are really disciples and anyone pointing out the earth is round gets an outpouring of angst and vitriol a la Middle Ages heretic
However
There are some great opportunities to play this one up and down and part of the analysis is understand what the disciples believe.
Until then - laters!
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