In short term , narratives sometimes outweights fundamentals of stock. Fundamentals after Regulatory action does’not change, but with good quarterly results , Narratives changes fast. Things which does not look good in bad narratives suddenly start showing some worthiness after positive narratives. What lies a fine difference between good and bad narrative is the patience. But I always try to remember that market can remain insolvent for very long time , enough to loose one patience. Let see where it ends and who wins- patience or narratives.
Disclaimer: Holding & biased.
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