KUKAF - What Goes (Irrationally) Up Must Come Down
Introduction
I did a write-up in 2016 on industrial robotics (here) (and here) and Kuka AG ([[KUKAF]], [[KUKAY]], [[KUKKF]]) (here). I was expecting to load up on some shares in Kuka, but valuation never approached a good buy, and suddenly in September 2017, shares went vertical for no apparent reason (up more than 100% in a month). I decided to stay out, as I saw no justification for the sharp increase.
After the increase, the collapse came equally swift, with shares losing all of those gains in one month.