Originally Posted by
BlackPeter
Not quite sure I understand your argumentation, unless you are saying the market is rational and always right?
Lets face it, if it would be, then there would be no point for traders like you to be hanging around, wouldn't it?
Remember - if the market is always right and always rational, than it does not matter what you buy or sell, given that the market always correctly prices it. No chance to make money above the standard interest rate - i.e. better put your money into the savings account.
In this case - better go fishing (or whatever else you fancy) - no money to be made with buying and selling stuff.
I remember however most of the people in this forum talking about good buying opportunities (when something looks cheap) and (admittedly to a lesser extend) good selling opportunities (when a share looks to dear). Whihc means the majority (maybe even you) fully understand that markets tend to be wrong.
Which means - market view of a companies value is quite irrelevant, because markets only sometimes get it right (and often wrong).
Both investors as well as traders make money if they get it right when the market got it wrong ... assuming they have enough patience for markets to realise and correct its mistake.
One of your problems seems to be that your patience appears to be wanting :) - or is it just that you enjoy winding people up?;