No its not just that simple it never is .. however for a company to march higher on nothing to really go by other than hype there has to be some sort of risk assessment. Company has actual earnings of .19 cents eps and on a 15 times earnings multiple like other blue chip stock this would not cut the mustard. TRADING ON HYPE AND SPECULATION ONLY.... NOTHING ELSE IS A CATALYST..
Most people use a simple formula like a sell average based on 52 week highs and lows to figure out what thier risks are...
How to calculate simple sell average.
your price 33.90 x2 = 67.80
52 week high = 45.00
52 week low = 17.55
add then divide by 4 = 32.59
thats only like 4% above the sell average.... some will absolutely sell at that average.....some like to take risks and I have seen these prices go as high as 20% above that average before a major correction occured.... sometimes a major correction occurs at the average. depending on your level of risk really
Looks like you have someone in disagreement, although interesting. There's no mention on computating Fed liquidity into a the fair value of an asset, however. Without it, we'd be @1000, not threatening 5 yr highs