On the other hand Mr.Market maybe placing finishing screws on the denial state of mind mental "lid" for remaining market participants. This is potentially most "fun" to watch and listen to/ comments /stage. Cause and effect crowd is getting what stock market always desires the most.And that is leaving everybody in confused state of mind for as long as it takes.
Reminds me of how killer whales harvest their food.
But of course this may be be another bear trap rally, based on my knowlege of incredible power of the market in convincing remaining semistrong shareholders to surrender.
Besides I anticipate second half of this year to be much better than first one for broad US and China market.
Nobody should ever loose sight of stock market phenomenon called "reflexivity". This is the pillar of market speculation.
"Unless we find out tomorrow that spot price also went dramatically up."
If there are no more sellers the trend has to change regardless of fundamentals.Obviously Mr.Market is in charge of controlling timing and price.
If you have to have belief system to support your theory why not "stock market is forward looking mechanism establishing share price 6-9 months into future,today"?
But it doesn't always work this way.
"Six months target: $2.45".
This maybe little optimistic. How about 10 year pps target of $2.45.
I think only Shadow has mastered value of patience to this extend to be able to accept it. But of course zero also falls withinn probability equation.
What i also like about Masarek based on the interview is that he is not permabull.While asked whether VG was good buy at this price, he said "maybe". And i only hope he never uses phrase "undervalued".
If you look at the market through the prism i'm proposing instead of "DAMAGES" you will find opportunities.
There is a light at the end of the tunnel you are traveling in but for some reason doesn't get any closer.
So what is it manipulation or selling fools?. Or maybe innocent mistake or technical correction or irrational market or fluctuation of share price?
Do you really want to know? And if so what can you do about it next time before it happens?
You are not really prepared to be open to "reality can express itself in indefinite ways any time",are you?.
Manipulation and insider info based transactions are part of the open market and it is called specific stock risk. Accepting it and tolerating it are two different things. Obviously whoever posted negative earnings should be questioned and maybe even investigated if she or he benefited from it.
"NOT -19% that other sites show"
Are you suggesting simple math miscalculation is behind dramatic pps drop?/ which would be consistent with someone living in "always rational world"/. However you do not believe stock market is rational/ toward VG/,so why even bother with your speculation?
This maybe the only second opportunity since 2011 for permabulls to get out of denial state of mind. If it doesn't work there will be more tests down the road.
Patience is something we have to learn hard way but for the market it comes "naturally".
I started accumulating after "the big bang" between low $1 and mid $2 so my current average is probably in low to mid $3. I did not have balls to buy VG at $.3. But the point is i'm underperforming broad market by wide margin by trying to minimize individual stock risk.
I wish i had your wisdom and peace of mind however i do believe stock market is not kind to people who constantly arque with it and keep pushing for what they want. As a result rest of shareholders suffer.
I just can't imagine share price reaching IPO level unless the most stubborn permabulls give up their hope and i'm affraid we are not even close to this point.
This is the primary reason why i have been getting out of VG and now my UUUU position is larger in terms of number of shares accumulated.
Helping others is very important but what's more important is helping them help themselfs
"HAVE YOU FORGOTTEN the BLATANT MANIPULATION Going on here?"
Manipulation is one of possibilities but since you have never had anything negative to say about VG/not to my knowledge/ your opinion has to be taken with grain of salt to say the least.
Based on my experience selling pressure /since last er /has three parts.First one looks like typical short term technical correction due to pps reaching upper line of multiyear channel. Second-sudden drop below $5.5 could have been connected to March 8 article.Third-last couple of days downside volatility seem to be related to increased individual stock risk level due to the largest acquisition ever.Mind of a trader is such that they believe it is less risky to sell and wait to when the picture is clearer.And that also includes broad market seasonal risk/sell in May and go away/ as well as secular/possibility of the end of US bull market/.
I hope you understand real danger you face since by using "blatant manipulation" phrase. Now your mindset is becoming more radical since you always believed in irrational market.
I have to admit you are one of the most reasonable mb participants besides being knowledgeable and understanding why we risk our hard earn money/in most cases/ picking stocks from technology sector.
However starting with your belief system of so called diversification let me quote one of the most successful stock speculators of all time:"diversification is good for chicken",meaning general public. What you are doing by spreading your money among three companies is i'm afraid illusion of diversification.
You are absolutely correct on judging EGHT and RNG as more attractive potential buys hoverer as far as becoming the leader VG prospects are even stronger now than ever before. Obviously it involves taking additional risk.Anybody remember Worldcom?