I am holding $SUPER MICRO COMPUTER INC(SMCI)$ stock for many years. This stock always surprised me.
I could never figure out it's short term moves. When I thought it would thank it would jump up. When I thought it will go higher it tanked. Mostly I noticed that when the stock is in an uptrend then there are predictions that it will bounce higher when the price was in a downtrend there were predictions that it will go lower.
I have come to the following conclusions.
The future price of this stock is unpredictable
Past performance is not a sign of future performance.
Predictions are only guess work. One can be wrong and one can be right
The smartest are those that do not predict short term moves.
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Comments
So neither fundamental nor technical analysis works
Then is it what warren buffet said about markets and voting vs weighing machine