Great analysis, Sam, as usual. I learned a lot of things from that post.
Not to quibble, but you mentioned, quite rightly, that the market does not value the tape portion of QNTM's business because it is "making a mistake."
And I agree. The market makes mistakes all the time. My question is: When will the market stop making this mistake? And what will make that happen? I pose this as a serious question. Because, the truth is, this may never happen. At the same time, though, I realize that nobody can really say when the market will stop making this mistake. All you can do is hope, if you hold QNTM.
It reminds me of a friend of mine who runs a hedge fund. He finds a stock, does his research, buys it, then holds it for months, with no gain. Then he says, frustratedly, "This stock is so undervalued! But the problem is, nobody else in the market recognizes this except me!"
Yes, that's a big problem.
Happy Investing!
Vanni |
