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A Strange World

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April 29, 2014 – Comments (1) | RELATED TICKERS: AFOP

Board: Saul's Investing Discussions

Author: SaulR80683

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.

Saul 

1 Comments – Post Your Own

#1) On April 29, 2014 at 3:17 PM, EnigmaDude (91.88) wrote:

I don't know what they were thinking but when the earnings report first came out the share price dropped nearly 10% (to just below $17) before shooting back up to 19+.

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