ahhaha, well that is true,its marginal supply-demand.Well, then what stops a stock from falling? If it is selling at 1x sales,1x book,like ANAD,why did it stop falling?Well stocks are either wildly overvalued,or undervalued,never fairly valued,there can be no efficient market theory over short periods of time,because emotion dictates price.
My basic assumption is that the infrastructure has to be built before ATHM can sell cable modems. You can't run a BMW very well over dirt roads in Afhganistan, you need nice clean paved roads. Not only will hlit pave the roads,but with a minimum of asphalt. They build invisible hub DWDM,no more buildings. Well DELL is just a box maker,but does it better than anyone else. They are just a hardware company,but the best stock over the last 3 years.
I am not in this for money,only to test theories of perception. People never see fundamental changes in a company,the ignore news stories,comments by purchasers like COX. Its my job to find value where other people do not see it. Its easy to ride the tide lifting all boats,I look for the rowboat,and put a damn engine on it. HLIT is the engine that will drive TCOMA.
I understand about bias,and emotion,and understand why you think what you do, I have also spent 20-30 years studying human behavior.
The destroyed by the Wall Street game is true,I think this is the most useless thing one can do,like a dog chasing its own tail.
Hiram |
