Comment by
malx1 on Mar 26, 2013 4:07pm
Why did you use December's $1.90 as full value?
Comment by
rxdoc on Mar 26, 2013 4:12pm
I was using their 9 month financials from the investor page and felt that was the closest SP to those numbers....I didn't want to use anything past 2/sh since I felt that was before more losses ocurred....since I was discounting those. Just a point to pick...nothing to scientific about it.
Comment by
malx1 on Mar 26, 2013 4:43pm
the reason I ask is: if you use an arbitrary value to project your price target, your target is then arbitrary as well, is it not?
Comment by
terroir on Mar 26, 2013 5:05pm
RxDoc, your explanation and effort is more than enough for me. Fact is that when fear and risk is such a large component of market action, it is very difficult to use logic to pick a value. As you said you were not that far off. Terr
Comment by
themangokid on Mar 26, 2013 10:06pm
99% of everyone here uses arbitrary numbers in their forecasts. every single person that i recall who participated in the $2 contest didn't use any mathematical formula to guess their date. cut the guy a break. he guessed 1.50. the shareprice hit 1.60. its not that big a deal compares to the other stuff that goes on here.