I was thinking about this today. Why is it that I can at one point have a very defined notion of a price in my head for a value of something and at other times it could seem to not matter to me?
I actually had a perfect example of this recently. I sold 12 somethings on ebay that I bought for $20 several years ago. It had its use at the time. Something happened. I forgot about it and now, it is worth $120 to someone else. Someone bartering with me to get 3 of them down to $90 gave me this random feeling. I didn’t care. I could flip a coin to decide the outcome. I went with generosity.
With stock prices, I think there are similar times where buyers and sellers are in that gray area where they wonder if a one cent difference really matters in price. Sometimes it depends on the stock. I know this isn’t technical and I have no direct solution. However, its just a different perspective on pricing. Its a theory that we will be able to get the price close, but not exact. Thanks for your time.