Emblem Corp EMMBF

Fundamentals mean nothing, zero....

[ledrog]

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....

[CanadaCanabis]

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[ledrog]

The product is the shares.....if people want more shares of EMC than are being made available, then the PPS will climb....if more shares are made available than there is demand for, then the PPS will fall. TSLA didn't go from $30 to $50 to almost $300 because of their 100s of millions in losses, or because of the accounting irregularities, they went up because people wanted more shares than

[Invest4Life2016]

Actually the shares represent the company and if the company's fundamentals indicate that they are in a strong position to execute a cash making business plan, then investors drive up valuations accordingly.  Since this is a new billion dollar sector, investors are excited to get onboard before these companies can prove whether they can execute a profitable business plan.  The crazy

[ledrog]

Lots of things can influence investor sentiment....both good and bad. Going back to Tesla again, when they announced accounting irregularities in 2012 combined with hundreds of millions in losses, many players decided to go short, convinced that with all the negative news out that demand for shares would be weak....boy were they wrong.  Musk is such an awesome pitchman that the company