RE:Why red when silver is up 5% today?Why the stock is not moving and silver is up?
Contrary to popular belief. The stock market is basically an open auction based only on supply and demand for stock. If there is no interest(hence buying) then a stock will not(read cannot) go up in price value. Price moves are solely based on the amount of buying and selling. If there is more buying the price will go up. If there is more selling the price will go down. If there is no interest the price will stay the same. This becomes very apparent on the junior exchange.
One of the biggest misconceptions in the stock market is "market cap". As if the markets price a company to what the balance sheet officially shows as it's worth. Think fundamental analysis. This is actually a fairy tale. Ask yourself...Is Tesla or Amazon really worth what their market cap is today? It exists because logical thinkers need factual based reference points so they can justify their actions. There are mostly mathimatical/logical thinkers in finance and business. But, the truth is the equity price is just a perceived future valuation of where the mass participants think a company can/will earn going out into the future. So, don't get frustrated the markets are not accurate. I've seen companies with no earnings go from .50 to $13 just because the herd buys it up to that level based on hype or perception of a future value. Also, I have seen companies with constantly growing revenues and profits just flatline for years because there is no interest from the broader mass market participants. You really see this on the junior markets where there is no obligated institutional buying.