whether the market is right or wrong depends on your definition of right or wrong.
timmo wants to define right/wrong as what the market is willing to pay for something. the markets are efficient and fast enough with modern technology making the market a vey acurate reflection of market sentiments. so timmo is right.
jan wants to define right/wrong as to how closely it reflects the true value of the share - using that definition, timmo is wrong as the market can only give us a very gross indication of the true value and the confidence ( cant remember the term statisticians use) of accuracy is not very high.
2013, the adventure begins., page-30
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Last
$6.29 |
Change
0.010(0.16%) |
Mkt cap ! $5.879B | |||
| Open | High | Low | Value | Volume |
| $6.39 | $6.39 | $6.25 | $15.56M | 2.471M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 16021 | $6.27 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.32 | 18021 | 4 |
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| Last trade - 16.10pm 01/08/2024 (20 minute delay) ? |
| LYC (ASX) Chart |