Chris007 wrote: LOL. Even among prognosticators, there are two different types…
There are those that believe the stock should trade higher due to the fact that the stock’s intrinsic value is higher than the current market price. Whether you come to this conclusion via relative valuation using peer multiples or discounted cash flow…atleast these guys base their predictions on fact/data…if they can explain why they think the share price should be higher and their target price, while providing their work, that’s all good my opinion. That being said, anyone that actually bothers to do this, will also recognize the fact that the market can stay irrational longer than you can remain solvent, not to mention the fact it could also just be that your own assumptions are actually wrong.
The other group are those that just pull random prognostications out of their a sses ….back when oil was in the mid 40s, they would say stupid shi t like, “this is going to be a $3 stock the second oil touches $60”…now that oil is the 70s….”this is going to be $4 in a couple of months” or other random useless quips like that.
For the first group, I have zero problem with such people, because it’s definitely a possibility they are wrong, but atleast they put some work into their analysis. The other group don’t add anything of value, and in my books, brainless pumping is just as bad as brainless bashing.
x4n2t0x wrote: What happened to the prognosticators?