Correct Me If Im WrongHey everyone
I am a new investors so correct me if I am wrong. But, this stock is owned by approx. 7% institutions. Even if every single instition was to sell all their shares it would not explain a 50% SP drop in the past several weeks. Insiders have not sold the stock either.
To me this seems like a complete momentum drop from short term panicing retail investors (that own majority of the shares) that are getting caught up in the momentum, are fearful for no reason as no new news has come out, or are really impatiient.
As far as we all know the fundamentals of the company have not chnaged. They have really strong fundamentals and received a 10/10 score in the reuters report for their fundamentals. As well, although the regulations have not be perfect. They have still created many future opportunites for them, especially after October 1st.
As much as it hurts me to look at my book compared to book value (which I have stopped doing to avoid any careless emotional mistakes) I still have a strong confidence in this company and the future both intermediate and long term.
As Warren Buffet said, "The stock market is a device for transferring money from the impatient to the patient".