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Despite the enormous “want” from investors from this growth opportunity, the stock is low priced. Why is that?
Does price move first and fundamentals follow (as PTJ said), or is it the other way around?
IMHO, price is the only thing that will tell you the truth, and in this case it doesn’t matter if you uptime and downtime the chart – the answer is the same. Investors are in a “wait and see” mode.
Two things the price tells you are 1) what everyone is thinking about the prospects for growth; and 2) the overall trend of the security. If it’s cheap, it’s cheap for a reason: no one cares.
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