How do you seriously think these guys make a living?
Guys in wall street that is? It is from stocks like Deckers that get so oversold, then they become 10 baggers in the span of about 2-3 years.
Look at major holders section. They have 10.5% of outstanding shares that were bught in the 30's! you think they bought for just 100% gain? No way. This stock was a steal and is going to make anywhere from 500M to 1B for Goldman. they are not fools. they CONTROL the game.
This is how it works. They make the money by buying cheap and holding till real long term value is reached.
they don't make it by trading for $1 here and $1 there. They make it in 2-3 years, making $100+ in 2-3 years by buying a bargain and holding till it gets extremely overpriced. To levels where people at first blush look at as way too expensive. Then they dump when reality and cash catches up as full value has been reached. But we are nowhere near there.