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3.2¢ queensland pacific metals limited

QPM General Discussion Thread, page-1143

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Shaq_01

5,493 Posts.

839

27/09/22

09:45

Post #: 63893921
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Originally posted by Sdaji: ↑

Assuming there is no leaky ship issue, it's just taking one of the three possible directions. Humans (most of them) are herd animals. It is safer to follow as part of the group than to go against the herd, so that's what most people do in all areas of life, the stock market being a good example. If the price had been going up as we approached the DFS deadline, the herd would have assumed others knew more than they did and were buying accordingly, so they too would have bought, adding to illusion, and so on. As it is, the price is falling so everyone assumes it's for a reason and they're scared so they sell, and so on. Fear and avoidance of risk is a much stronger human trait than taking a chance (the penalty of being eaten by a lion is larger than the reward of catching the gazelle or getting to the tree covered in fruit, so humans evolved to be more cautious than brave).

In this case we have no guarantees and there's a risk, so even though the fundamentals point to this being a good risk, human psychology which evolved in the jungle will persuade people to stay away, especially when they see others getting away.

Fortune favours the brave.

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fair point

good example of psychological traits displayed by many when investing

QPM Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

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(20min delay)
Last 3.2¢		Change -0.001(1.56%)		Mkt cap ! $79.41M

Open	High	Low	Value	Volume
3.1¢	3.2¢	3.1¢	$1.094K	34.99K

Buyers (Bids)

No.	Vol.	Price($)
11	2274692	3.1¢

Sellers (Offers)

Price($)	Vol.	No.
3.2¢	263401	6

View Market Depth

No.	Vol.	Price($)
11	2274692	0.031
9	1435000	0.030
6	1084419	0.029
1	400000	0.028
1	350000	0.027

Price($)	Vol.	No.
0.032	263401	6
0.033	245719	5
0.034	792045	6
0.035	538910	6
0.036	288626	5

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