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10:32
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Originally posted by dunnomuch:
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the price target is not always what they are aiming for. Those volatility measures and Theta (for time) and Gamma (time and volatility) can create all sorts of weird and wild variations of price target. Quant traders in the big banks like Mac or UBS etc aren’t looking at the business as such, more the price momentum etc that you see in lots of these charting threads. Those prices for MS are based on 12 months and will change depending on what is known about the business. MS we’re pretty close to correct with PLS’s quarterly but so were the other brokers as the big market cap companies let analysts to have a pretty deep understanding of the business so that if there is a need for corporate debt etc then it’s not a surprise as to what it’s needed for.
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Thanks for your reply. Great when a person opens up their mind and tells others. Followed the market for a long time. Know a bit about most things but not an expert on anything. Know about the analysts visiting companies to find out all the nitty gritty stuff - was at one a long time ago. Hypothecate never heard the word before - you learn something each day. I know what shorts do. My guess is, it is stabilising, building a good resistance/support area for awhile and then as you say if they do what they say over the next 6 mths the price will follow. I'd be happy after the Q2 FY24 report for the price to be above $6 - if more it is icing on the cake. Also find it very interesting with these fellows charting ideas. Cheers
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