nothing to do but wait, page-26

Chuk,

you continually argue around in circles, so i wont continue this discussion to the level that you wish to take it.

However, If "allday" (fictitious character of course) has to sell his stock tomorrow at 4 cents, there is no point him saying, "i sold ABU today for 4 cents but the market is wrong because i should be able to sell them for 10"

There is no point in 3 or 12 months from now him saying i sold ABu today for 2 cents but the market is wrong they should be 30cents.

Look at the housing market, I have a mate (due to circumstances) that had to sell his property.
He paid $700,000 for the house, had pumped another $200,000 into the house but ended up selling it for $620,000.

But the market was wrong because the house 'should have been worth $1.2m. Nope the market was right because that is what he got for the house at that point in time.

Prices vary at different points in time for a whole variety of reasons, does that make the prices wrong?
The prices are actually right at that very point in time.

I dont actually see U218's posts but to put Buffet & ABU in the same context or fundamental comparrison is ridiculous. Buffet wouldnt even contemplate a company such as ABU. Go and read buffet and see how he made so much of his money when he was young.


There is one trouble with thinking that you are right all the time as a trader/investor and that is you may fall to earth pretty quickly.

Thousands of people much smarter than us got smashed through the last couple of market crashes because they wished to be right and viewed the market as being wrong.

Just because the price of a stock is $3.00 today and was $2.00 last month doesnt mean that the market was wrong last month!!!


Cheers