Stocks have two components, a short term component and a long term component. The long term component is essentially exponential growth based on the company's long term performance. The short term component is often modeled by a random walk, because it is based on the behavior of daily trading.
Warren Buffet tends to focus on the exponential growth part. He finds a company that is managed well, tries to buy at a low price and then just lets it grow without fooling with the day to day fluxuations. I know some investors try to invest based on daily trading behavior, but I really don't know how you could read the minds of other people. That seems like the sort of thing that could drive a person nuts. Seems better to invest based on how you think the company will perform and try not to let the daily fluxuations trouble you too much.
curl-6 bet me that PS5 + X|S sales would reach 56m before year end 2023 and he was right.
My Bet With curl-6
My Threads:
Master Thread, Game of the Year/Decade
Switch Will Be #1 All Time
Zelda Will Outsell Mario (Achieved)
How Much Will MH Rise sell?
My Bet With Metallox