josette....are you there?, page-7

I am reading this book written by a sociopath/psychopath who said something like:

"The market price is not a reflection of any fundamentals; it is a mirror to the sum of all the hopes and fears of the individual market participants.

And playing on other people's hopes and fears is my forte"

That sentence just hits me in the head. I'm afraid that if it hits $20, I would miss the train; I'm afraid if I jump on what I think is a pricey stock (although it is comparatively cheap versus almost any other stocks in ASX at the moment) that the exuberance will fade before I can find a greater fool.

At the moment, it's nothing to do with forward EPS; payout ratio, USD to AUD, or anything else; just pure fear and greed tossing around until the hot money leave.