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Wednesday, May 22, 2019 6:35:02 PM
The point is all that technical stuff is nonsense. This is not a weather forecast.
Getting into Walmart or not getting in. That would impact the value of the company. Technical analysis algorithm (or whatever that site uses) can’t assess that
There are too many things like that which will drive valuation one way or another. For those that believe in the product, the category, and the team, it’s easy to envision a great future. For those that don’t, they can envision the exact opposite
Posting a link to a site like that projecting a share price is useless. If that guy thinks the company sucks and is going to zero, just say it.
It would be different if he linked to an analyst report with a low price target, but a bot on some random site?
And if the target on the first site he found was $1.80 instead or $.18 he would just keep looking for more bot sites until he found one that forecast doom
Why bother?
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