Value is relative.
If it weren’t, the stock market couldn’t exist.
This is really about control.
It’s not about value.
It’s about who gets to determine value.
If that’s what I wanted, I’d’ve invested with the ChiComs.
Whatever. The point is this: When investors read major news stories like this about a frenzied run-up in the price of a stock, they have a natural tendency to question whether the market for that stock — AS WELL AS OTHERS — is about to collapse.