Level 2 only reveals short term forces, perhaps manipulation. But it gives you no clue on the underlying fundamental forces which over months / years magically play out, despite all the foolish games out there.
Just check my fundamental valuation (which arrived at an optimistic intrinsic value of 6 cents per share last October) and my predictions. Everything was wight on, even my revenue growth estimate.
Now, tell me the track record of your estimations / predictions.
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