A Strange World
Board: Saul's Investing Discussions
Does anyone else wonder what the investors were thinking about two months ago, when the price of AFOP dropped to a low of $11.50 (from $23 where it had been six months before). And now, it's up 70% from the bottom to $19.60 when everything else is cratering.
This is an insane market. The same information that has pushed up the price to $19.60 was available when the price was $11.50. The company said what their revenues and earnings would be, and came pretty darn close to hitting it, underestimating just a little bit. The outline was all there. Why did anyone sell at a price of $11.50?
I imagine in several months we'll be asking why anyone was selling other stocks at the prices we are seeing now.
A strange world.