Sb<hjm, do you believe>
Its not about what I believe, its about what Wall Street does.
As you well know only about 3 weeks ago, Gtw disappointed sending the shares down 7 1/2 in one day to 49. It appeared that Wall Street hated Gtw for deception and borderline fraud.
A week later Wall Streets prophet, Abbey Cohen says "All things are still in place, we still have a bull market, especially in tech stocks"
Wall Street loves Gtw again, sending it back up from 49 to 63 (albeit, the short squeeze helped) in a week. I have my own opinions of Gtw, but as I said above, Its not what I believe, you, or anyone else here. Its what Wall street does.
Do you believe that Amazon.com will ever be a commercially viable business? Probably not. I don't. Wall Street currently does. So much so that we have to pay Wall Street $130 to buy 1 share. |
