Subject: Re: I’m Trimming - Filed @472
Price is:
“I cannot boast of much success in acquiring the reality of this virtue [humility], but I had a good deal with regard to the appearance of it”

I wouldn't say it is the weighted average. It is more like the median value of what all the current traders think the value is. It is the value at which the shares for sale equal the shares wanted to buy. It doesn't matter whether the people who are below this valuation and thus are selling are 1% below it or 50% below it. It doesn't matter whether the people who are above this valuation and thus are buying are 1% above this or 100% above it.

It is much more like a median than a weighted average which is like a mean.

R:),
pedant