"the market is always right"
That would mean the price is exactly where it should be based on current info and therefore there is no way the price can move significantly without further unexpected price sensitive news. That would result in almost no volatility for all stocks except on unexpected news.
The market must be factoring in expected news so until we see that news the price can't move and only after the news is out can it move but the direction of the move will 50:50 up or down because the market is always right about the likely effect of that news based on what it already expects. We can't know if the news will be better or worse than the market expects so any trades at any time must be a pure gamble.
If the market is always right then charts are useless because the price is always where the market believes it should be so how can a chart predict where it will go next if its already there?
If the market is always right Vendor you might as well go to the casino and stop talking about likely short term moves based on the chart. The price can't move significantly because the market is always right.
Of course none of the above is true and we all know it.
Perhaps a more accurate phrase would be the price trends toward its true value over the long term but the market can get it very wrong along the way.
That would fit much better with the facts.
Scientists have the correct approach.
They come up with a theory.
They test it against the facts and if it doesn't fit with the facts, it is proven incorrect and they drop the theory.
A scientist has no problem with dropping the theory once he/she has proven it wrong.
- Forums
- ASX - By Stock
- PRX
- $0.038 the bottom buying time
$0.038 the bottom buying time, page-5
-
- There are more pages in this discussion • 16 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add PRX (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.235M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $500 | 250K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 570000 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 25637389 | 23 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 570000 | 0.002 |
17 | 74790488 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 25637389 | 23 |
0.004 | 5788859 | 6 |
0.005 | 889000 | 1 |
0.006 | 166666 | 1 |
0.010 | 540000 | 1 |
Last trade - 10.50am 13/09/2024 (20 minute delay) ? |
Featured News
PRX (ASX) Chart |
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online