Visibility cuts both ways. On the one hand, if it is all clear, it's harder to be "undervalued", because you know no "skeletons" are in the closet. But by the same token, if things are not clear, but the sentiment is overwhelmingly positive (many internets!), you have a chance to reach insane valuations on the upside. It is my guess, that NITE, being what it is, has killed the latter possibility, but also, should limit the downside.
Judging by the LII trading today at least, institutions are still unloading. Retail is buying. But that could change.
Strong/weak hands - all the the eye of the beholder. You can see what NITE's prospects are... are you willing to pay for this, and how much? If you think this is great, you'll buy. If you think this is not worth it - you'll sell. I don't think at this point in time it is an issue of weak/strong hands. Those who have held this long, are not weak - now it is pure judgement... do you like what you see of NITE as a business or not.
Morgan |
