I really think that herd mentality has something to do with it and a lack of knowledge in how markets work.
It kind of reminds me of the price of AAPL from twenty years ago. They'd have a smashing quarter with explosive earnings, and the stock would crater.
Steve Jobs himself said he'd finally given up on trying to figure out what made Wall St. so nutty when it came to Apple. They were just going to focus on creating great products, and let the customers speak for themselves. And the rest as they say, is history. :)
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