Orchid,Thanks for your commentary. I must disagree however. The...

Orchid,

Thanks for your commentary. I must disagree however. The price is actually the thing that is always subjective not objective. THe value is objective if arrived at using a vigourous discpline like DCF and NPV Analysis.

The price is buyers and sellers conducting an auction. The market as an instrument is objective. THe people in it are not. And the people (buyers and sellers) determine the price. If the price was objective as a "representation of value, then very few companies on a daily basis, except in the event of very market sensitive news, would have their values move by even 0.1%. If the price was objective, the securities market would be the least volatile market in existence. How can AJA open at 36 cents on a given day, bottom out at 35 cents, reach 38 cents then close somewhere in between? How is this objective and how is this reflective of AJA's value....or any other stock.

Just my toughts.

Cheers and good luck.