When the market goes up and down but not based on the company fundamentals, there are usually some bubble in. Seems Hong Kong and mainland markets are doing so these days. The same company may have different valuation in two markets, while finance-related stock seems so hot among investors.
But one thing Amy always believes is the fundamentals, not only the fundamentals on the financla report, but the "fundamental" for a company to treat its investors, both big ones and small ones. I just wonder how many percent of HK investors, excited on the mainland's financial stock these days, have really called the investor relations offices for mainland financial companies, such as banks, insurers. etc. The response from the difference company will at least give them the credit being a good or bad listed firm.
The only way for individuals to beat the institutional investors is to believe in the fundamentals. And I always believes so.