Nancy,
of course it is not necessarily true that only fundamentals drive a stock. If this were true, than I would have a hard difficulty explaining why fonx jumped up from 0.25 to 1.20 without anything fundamentaly changing, i.e. without new deals....
But my point is that there is no deus ex machina or glorious deal waiting to rescue fonx, and for you more important the price.
Fact is, that every stock can be manipulated up or down. Markets have much to do with psychology, yes, one just has to take a look at the internuts, where it seems to be a sort of sign of strength, if the companies are fundamentaly in a heavy loss zone, meaning that some investors (private or institutional) don't look at all at the earnings/PE/market caps....
;-)
It's just very crazy sometimes to see how companies are valued differently, GMGC for example has definite great partners and potential, lacking earnings like internuts, and trades down.
Lhsp has strong earnings, seems sound, at least compared to fonx or internuts, but is shorted down since months.
Of course fundamentals or TA are not always ruling.
My point is more that fonix had a chance, missed it, and the market knows it. MM's play their games with fonx, perhaps its like how a cat enjoys a game with a dead mice.....they can play and make money even out of a dead stock, playing it long and short, but this means nothing about a stock's value at least in a positive sense.
I don't know how long you have been an investor in fonx. I think you may very well have a different perspective if you bought your first position at $1 instead of lets say 6. Maybe you averaged down so you can fell comfortable with being invested in fonx.
However I don't believe that a stock like fonx can keep the hype/fraud up much longer- I mean maybe you new fonx investors are a sign that they can? ;-)
But ok, obviously this shouldn't be my problem.;-)
I apologize for engaging in a discussion on this. i understand myself that an ex long has few credibility especially when he changes sides, (LOL), and I still lack the crystal ball.
I know myself how i at the time thought about those poor frustrated victims that bought fonx at $10 and i thought I was smart because my average in was 50% lower...
:-)
Good luck and best wishes,
Juan |
