It seems like when there is some overhanging fear over a sector, like fear of dividend suspensions, it allows the shorts to get the upper hand and the longs to be skittish, resulting in directional moves based upon the underlying commodities, but the moves are very exaggerated relatively speaking.
That means that when / if the overhanging fear is found to be baseless or it passes, the bounce back move will be huge. The question is when?
Yeah it's amazing isn't it? Some stocks don't have to make a profit as long as they are growing their subscribers or sales, like AMZN and NFLX. I hate it too but I guess the market can remain stupid for far longer than we would imagine. Could they still be growing like they are if they priced their products so that they make a profit? I doubt it.