I do - but a 'proper' long term investor that cares about the price in 20 years time.
The quoted exchange price is an average of the buy/sell offers available, there is no guarantee if you try and trade that you will pay that amount. Especially if you are shifting large blocks of stock.
There is nothing wrong with "short term predicting" but it isn't investing. It is often a very easy way to lose money, "bad" doesn't just mean morally so.
It comes down to time horizons, how much you want to make, and how many people are also trying to predict that event. You can correctly predict that event and still not make money as it is already priced in.
The quoted exchange price is an average of the buy/sell offers available, there is no guarantee if you try and trade that you will pay that amount. Especially if you are shifting large blocks of stock.
There is nothing wrong with "short term predicting" but it isn't investing. It is often a very easy way to lose money, "bad" doesn't just mean morally so. It comes down to time horizons, how much you want to make, and how many people are also trying to predict that event. You can correctly predict that event and still not make money as it is already priced in.