RE: Oh well23 Oct 2018 12:56
The price action here is absurd. From hugely positive news, tiny market cap, chronic fundamental undervaluation, a massive lineup of catalysts to drive the SP and nobody able to buy any shares, we've given back back 70% of gains without ANY change in fundamentals whatsoever. LOGP's prospects are stellar, yet the SP dynamics seem extremely irrational.
I notice the FED appears to have gotten the bond market under control the last 24 hours with 10 year rates plunging back to 3.14%. Although markets have sold off today, this development is extremely stock market positive, so hopefully markets will begin to recover again as bond markets stabilise after the rate spike the other week. GLA