+251% Earnings. +1,843% Sales. And a Chart That Doesn't Care.
LQDA is another great reminder of why you should NEVER fall in love with a stock.
Look at these numbers:
Quarterly EPS growth: +251%
Quarterly sales growth: +1,843%
Fund ownership growth: +30.7% in the latest reported quarter
These are the kinds of fundamental numbers we study in the biggest stock market winners of all time.
But look at that chart. Massive selling volume, a complete breakdown through the 50-day and 200-day moving averages, and a stock down over 60% in just one month.
William O'Neil put it perfectly in How to Make Money in Stocks:
"The moral of the story is: never argue with the market."
Explosive earnings and sales don't give you permission to ignore price action, institutional selling, or your exit rules.
You can be absolutely right about a company's fundamentals and still lose a fortune trading its stock.
Fall in love with your process, not your positions.
