Share Price Support...... Fundamentals & Emotional Support The Market is always right, majority rules. With that said, understanding what is behind the Market Price Support will help you in evaluating RISK/REWARD trade off in investing and keep your eyes wide open.
I'm guessing for most of the entire stock market, it's been running on mostly Emotions and stock prices have gone up rediculously high...without fundamental support.
When the knife drops, you let it hit bottom.... then you look at the fundamentals to see what they say. Is it a screaming BUY or not. Having Fundamentals Plus Emotional Support will help you sleep better at night.
Yes, riding the emotional wave up, following the market, can make you rich...... but knowing that the fundamentals don't support the price you're always looking behind your back. Not a good feeling.
I don't own any shares, and probably won't any time soon.... but that's just me, I don't make the Market, in fact, I'm an odd ball.
But I did predict a Massive Loss for Q1 which it seemed no one else seemed to say dispite it was so obvious. Taking 5 minutes looking at the financial you would have known this. Another reason why I don't follow blindly to all the Propoganda of all the "experts" in the media.
It's all Propoganda BS virtually. But it works, people are sheep.
The stock market has become a place for "White Collar" Con-Artists to legally fleece people.
It has become a disgusting place to play but it is what it is.
All just my opinion/view/thinking.