Follow-up: https://media.giphy.com/media/P3gCL7
Post# of 32640
I figured there was some monkey business going on as now I see the daily short ratio yesterday was up about as high as it's been.
Market Date: 2021-09-22
FINRA Short Volume: 798,435
FINRA Total Volume: 1,348,687
FINRA Short Volume Ratio: 59.20
https://fintel.io/ss/us/verb
The bet for shorts is there will be no news leading up to the VerbLIT event. Who knows, might be just the opposite?
“In the short run, the market is a voting machine but in the long run it is a weighing machine.”
— Ben Graham
"The speed at which a business’s success is recognized, furthermore, is not that important as long as the company’s intrinsic value is increasing at a satisfactory rate. In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price."
The Timeless Parable of Mr. Market - September 23, 2021
https://fs.blog/2013/11/mr-market/
I thought this article today as interesting and validates what I've been saying all along about valuation.
How the dean of valuation prices loss-making tech stocks — and his views on Amazon, Netflix and Airbnb
It appears like virtually each new firm, significantly within the know-how area, that’s coming to market is loss making. “Many of the old-time metrics we use, price-to-earnings, worth to ebook, EV to EBITDA, had been designed for mature corporations ,” says Aswath Damodaran, the professor of finance at New York University’s Stern School of Business who’s generally known as the “dean of valuation.”
“To enter the mind-set that’s what the longer term appears like, already you’ve gotten three strikes towards these shares,” he says in an interview with Mark Mahaney, head of web analysis at Evercore ISI. As a substitute, he thinks traders want to take a look at income progress, and whole addressable market; what margins they count on at a gradual state; and the extent of reinvestment wanted for progress .
https://businessnewspress.com/2021/09/23/how-...nd-airbnb/