Jun. 18 at 10:38 PM
$GRRR some people just think that CEOs are all professor X. If the market movement is positive, it is a given, but if it is bad, CEO is incompetent.
A better explanation instead, is that the market is bias and inefficient. Small caps typically has low analyst cover and low institutional ownership. Because of that, it is mostly retail driven, which is harder to predict than theories. Without institutional movement, short vs retail is the only dominant mechanism, which does not offer the traditional support predicted by theory.
It is true that the market does not trust GRRR yet. That does not imply that the contracted deals are fake, or the improving fundamentals is fake. Market cap is a market endowed value. It does not represent the true capability of the company.
