RE: Pump started16 Jul 2024 04:46
I should add that by weather prediction as forecast, I am meaning at the meteorologist level whether by person or computer substitute and am thinking in terms of the one to two day range which I regard as near certainty. Perhaps a better way of putting it is that I would think of a one to to two day "weather forecast" as a prediction that has the quality of near certainty.
In my opinion, humans have more influence over a share price than they do over the weather and that includes the company which has been analysed, via their operational decisions and the buyers and sellers of the company stock, the analyst can't know with near certainty how those variations will unfold, he does know based on professional skill how to value assets based on information available and relevant commodity prices so that is what I find interesting in principle and might compare assets to current commodity prices to see if, for example, gold has gone up since january 2023, acknowledging that lithium might have gone down, recovering a little bit?
Some sleep would be about as useful as oxygen in the air after the rain...
Cheers