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Re: pleeb01 post# 101

Thursday, 08/20/2015 4:47:27 PM

Thursday, August 20, 2015 4:47:27 PM

Post# of 441
ESPR - how long to wait? You've raised the $64,000 question, in my opinion. Various people will pretend to have the answer, of course.
Even a price target, which I feel is a simpler problem, involves making a huge bet; because, as you know, the price moves around in response to a never-ending confrontation between buying and selling forces which arrive at random times and with random strengths. Exactly where these will move the price is anybody's guess, and that is why one of the dominant impressions you get as a trader is that very often prices seem to make no sense when you look at the related fundamentals. As a famous economist that we love to hate famously said: "the market can stay foolish for longer than we can stay solvent"
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