OTCPK:EMMBF - Post by User
Post by
ledrogon Dec 29, 2016 12:00pm
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Post# 25650247
Fundamentals mean nothing, zero....
Fundamentals mean nothing, zero....If fundamentals mattered companies like Pets.com would never have achieved market capitalizations in the hundreds of millions of dollars, Nortel would never have been worth billions, Tesla would have gone from $30 or $40 in 2012 and it would have tanked because of accounting irregularities, dilution and massive losses.
The only thing that matter is the level of buy side interest and sell side supply.....Lots of geniuses, and I mean that genuinely, people looked at a stock like TSLA in 2012 and said "$40 per share??? You gotta be kidding me, maybe when they have profits and major revenue, but this is a cash burning diluting pig".
What happened? TSLA went up to $180 in 2013 then near $300 in 2014.
Don't think it can happen with solid MJ plays? No worries, don't buy. Some people looked at houses in Toronto in 2008 and said "$400,000 for a duplex in Riverdale??? You gotta be nuts, no way....I'll wait til prices come down". Now that duplex is worth $1.5 million....