Well..duhh.
But that doesn't mean everyone agrees that the market price is the fair value. if the price hits $2.50 tomorrow, nothing has fundamentally changed. Are you going to sit there and say, "Well, my textbook states that fair value is defined as blah blah..." No, you are going to have an opinion that at that point it is potentially overvalued and the fair value is something else. The same logic works in reverse if it sailed down to $0.80c on no news.
We all have opinions that don't necessarily reflect current market price, otherwise you wouldn't have people thinking they had picked them up cheap or glad they got out because it was overpriced.
Mana has a lot of negative things to say, one can only summise that he hasn't bought his fill yet. So I am asking him what he thinks is the fair value today. If he thinks it's $1.84, then fair enough! But how about we let him answer for himself?
WBT No1, page-320
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Last
$2.38 |
Change
0.160(7.21%) |
Mkt cap ! $451.9M | |||
| Open | High | Low | Value | Volume |
| $2.25 | $2.38 | $2.19 | $1.896M | 828.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1096 | $2.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.38 | 105071 | 2 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| WBT (ASX) Chart |