No. Price is purely the consequence of supply versus demand. As we know, both of these (especially demand) can fluctuate for a host of reasons, including (though not exclusively) factors related to crowd psychology. In brief, psychology dictates whether the crowd's focus is on long term factors (usually associated with anticipated business & economic performance) or short term factors (like fears of price falls, or excitement about possible corporate action, to give two examples).
Unless you believe a fair price fluctuates with whims of psychology, then it cannot be assumed that price is always fair.
Ann: Funds Under Management - March 2024, page-9
-
- There are more pages in this discussion • 6 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add PTM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$1.07 |
Change
0.030(2.88%) |
Mkt cap ! $617.0M | |||
| Open | High | Low | Value | Volume |
| $1.05 | $1.07 | $1.05 | $1.230M | 1.162M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 32 | 23275 | $1.07 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.07 | 175420 | 26 |
View Market Depth
| Last trade - 14.52pm 25/06/2024 (20 minute delay) ? |
| PTM (ASX) Chart |