Why do you have to be such a jerk? I would like to know seriously.
It is irrelevant whether or not you think book matters. To some people it does matter and they are able to use that particular data and make money from it depending on what the stock price is and how accurate the book figure is.
Further, I meant the true value of a company in reference to the book value. I want to know how accurate the figure of $12.25 is in reality in stating the true value as it pertains to book. There are obviously many other factors which can determine the value of a company.
Two examples of what can throw book off. Company X has a lot of 3 year old computer equipment listed at about 80% of what they paid for it. In reality they could only sell the equipment for 10-20 cents on the dollar because it is outdated. This causes book to be overstated. Company Y has building and land that over the years has been fully depreciated. On the books the entry for this may very well be $0. Here, the book would obviously be understated.
There are many methods which one can use to make money in the markets. It largely depends on the individual, what that person feels comfortable with.
Technical analysis is a very broad subject. For anyone to define it, or determine it's value with one broad stroke of the brush is a mistake.
I would most strongly suggest to you past data is not nonsense for one basic reason. Past data is history, and history repeats itself. That last sentence is not an opinion, but is a fact. One can do with that what they please. But to just take it and throw it out, or bash it for whatever reason does not make sense to this individual.
From your past posts you've said you make your own model. A subjective model I might add. You also are apparantly working with a neural fuzzy machine. I would suggest to you that to some people that may sound a bit strange.
Personally, I don't care what you use if it helps you to make money in the market. I would also venture to say whatever you use is not perfect. You make mistakes. The key is to learn from your mistakes. I make at least one mistake a year myself, well maybe two. I learn from my mistakes as well.
When I make a mistake I don't throw my hands up in the air and throw out all the technical analysis that I use. Rather, I figure out what I did wrong and do my best to improve, and improve, and improve. I would think you do the same thing.
When you make a mistake I don't think you throw your model or machine out the window(although sometimes you may feel like it). Rather you do your best to improve upon whatever it was you did wrong. I would also suggest to you that process will never end because neither you, myself, or any other human being on this planet will ever be perfect.
Think about 1.8 billion board feet of timber on the books for less than $10 per MBF. This is something that does not depreciate. UNLESSsss maybe it ain't there. Now wouldn't that be a fine piece of cake. How does that look for our retirement.