"I just think of GLS stocks as a popularity contest"
This is largely how markets work. Things are worth what people think they are worth. Oil is worth whatever buyers are willing to pay. Even if fundamental information is available, people often ignore it in the hopes to make profit by selling to "the greater fool."
Bubbles started as early as the 17th century when Europeans went through the Tulip Bubble. Vast sums of wealth were spent buying tulips (yes the flower) because people thought they could always sell them for more. We saw this 10 years ago in the Internet bubble, recently with the housing bubble, and right now with the commodities bubble.
Eventually these bubbles crack when the price reaches an unsustainable point--when people realize that the fundamentals are getting priced in.
What usually works is making a good argument about where actual sales are and why total sales will only be at X. You will often find the stock will react.
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"I just think of GLS stocks as a popularity contest"
This is largely how markets work. Things are worth what people think they are worth. Oil is worth whatever buyers are willing to pay. Even if fundamental information is available, people often ignore it in the hopes to make profit by selling to "the greater fool."
Bubbles started as early as the 17th century when Europeans went through the Tulip Bubble. Vast sums of wealth were spent buying tulips (yes the flower) because people thought they could always sell them for more. We saw this 10 years ago in the Internet bubble, recently with the housing bubble, and right now with the commodities bubble.
Eventually these bubbles crack when the price reaches an unsustainable point--when people realize that the fundamentals are getting priced in.
The simExchange has this document about why the GLS stocks should work.
What usually works is making a good argument about where actual sales are and why total sales will only be at X. You will often find the stock will react.