SHJ 0.00% 89.5¢ shine justice ltd

Technical analysis doesn't work reliably, to value investors it...

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  1. 2,211 Posts.
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    Technical analysis doesn't work reliably, to value investors it is synonymous with speculation.
    The quote is attributed by Benjamin Graham to J.P. Morgan - when asked what the market will do in the short term he replied "it will fluctuate".
    There's soon doubt as to the attribution though.
    https://quoteinvestigator.com/2013/09/28/market-fluctuate/
    While it may seem trite it is in fact fantastic advice. A gentle rebuke for asking a silly question?
    I never know what the stock price will do next and as I don't believe there is a method yet discovered to know I don't worry about it. It doesn't matter to me.
    In this case I got lucky and bought at 53c I had no idea where the shareprice was going and I still don't but I suspect the business is still worth a good bit more than today's price.
    I am in no hurry and can wait until more facts about the business reveal themselves through financial reporting to market. Not worrying about technical analysis is part of what makes me an investor.
 
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Last
89.5¢
Change
0.000(0.00%)
Mkt cap ! $144.2M
Open High Low Value Volume
89.5¢ 89.5¢ 89.5¢ $1 1

Buyers (Bids)

No. Vol. Price($)
1 10000 85.5¢
 

Sellers (Offers)

Price($) Vol. No.
89.0¢ 250329 2
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Last trade - 10.09am 26/11/2024 (20 minute delay) ?
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