Oh I agree with you totally, FL.
I have pointed out on many occasions the fact that multiple analysts can look at the exact same set of figures and data from a company, and come up with forecasts and "valuations" that are diametrically opposed by a long way. Yet they all look at the same data...!
To me, this negates the value of ANY of the so-called anal-ists...! ;) One may actually have it correct - occasionally - but that assessment is rendered null and void by the fact that all the others differe widely.
No - my point is not so much that I take any notice of analysts - I don't (in either direction, up or down), but that the market seems to pay them some heed. And they make forecasts and projections (read: guesses), and then when the quarterly or annual report comes out and it doesn't meet those guesses (er, sorry, forecasts) then the SP takes a hit. Or if the results exceed expectations, the SP jumps.
It is all just so much nonsense. Why bother with ANY forecasts or projections? Isn't that basically second-guessing the market? And well know where that will get you... Better just to let the quarterlies and annuals tell it all as it happens.
Me? I hold PDN for the very long term (already have) and have no intention of being influenced either by analysts, or short-term tree-shaking.
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Last
$10.09 |
Change
0.190(1.92%) |
Mkt cap ! $3.016B |
Open | High | Low | Value | Volume |
$10.16 | $10.19 | $9.99 | $15.71M | 1.562M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1986 | $10.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.10 | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2400 | 10.030 |
1 | 1996 | 10.020 |
1 | 1280 | 10.010 |
3 | 1521 | 10.000 |
1 | 74 | 9.990 |
Price($) | Vol. | No. |
---|---|---|
10.100 | 5000 | 1 |
10.150 | 5300 | 2 |
10.180 | 1896 | 2 |
10.190 | 757 | 1 |
10.200 | 2164 | 2 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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