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Why would big-money clients get out of a stock that is doubling its operating margins (in a declining-earnings environment) and is scoring new highs relative to market on virtually a daily basis? Big money has had ample opportunity and liquidity to get out of this stock, but they haven't.
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You could make the exact same argument for netscape, back when it was trading at 180. The mania only lasts for long, and it appears 2-3 years is the time all these bubbles collapse.
Just because they havn't got out yet, doesnt mean they wont. At some point, there was a week where everyone decided to get out of netscape, and it lost 60% of its market cap. You just dont understand that everything in life goes in cycles, famine and feast, war and peace, but never one thing always. Such is the stock market. You don't seem to be able to grasp that in the last 5 years the market has gone up so much that even if it dropped to 5000, we'd still be AHEAD of where we were in 1993. Dont think that kind of regression is possible? Ask the japanese, their market is now lower than it was in 1984.
As always, I dont expect you to reply to any of these questions, because I know you don't understand the answers.
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