Mr.pepper22 Apr 2010 17:15
i agree this stock should not be at this price right now based on fundamentals, it should be 1250+, but fundamentals mean absolutely nothing for stocks in this kind of market.
why has rbs rallied 100% in a matter of weeks? definately not on fundamentals, its due to MANIPULATION so that the govt get into profit and look like heroes. BG is not in favour atm, but when a rumour of a bid comes along again then it will have a surge. these markets move on rumours, manipulation, emotions, and TA, not on fundamentals, lol.
why is crude oil at $85? fundamentally it should be at $50 or lower....inventory data has been poor for like 11 weeks in a row recently, yet the price just continues to rise. this market wants nothing to do with fundamentals, its about manipulation, rumours and emotions, rising on a wall of fear and rumours that US will bomb iran, etc...