Yes very well stated.
As an example many investors fall in love with a stock with rose coloured glasses and instead of selling they just hang on despite logic and facts with small loses just increasing over time. CHN is a classic example.
There are many examples of very mispriced stocks in both directions in the history of the share market. Human psychology has a huge impact on the price of stocks and leads to huge mis-pricing of stocks - there are big winners who sell at high prices and the losers who sell at low pricing. Just look at the late 60's nickel boom when Poseidon went to over $200 a share and then what happen, everyone lost. There are heaps of other examples.
One of the key lessons of successful investors is they do not fall in love with a stock.
It is obvious from HC posts for many stocks that many investors fall in lover with so many stocks.
CHN chart, page-6405
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Last
$1.02 |
Change
0.030(3.03%) |
Mkt cap ! $396.8M |
Open | High | Low | Value | Volume |
$1.03 | $1.06 | $1.01 | $2.686M | 2.613M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 57215 | $1.02 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.03 | 35712 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 56451 | 1.020 |
1 | 2000 | 1.015 |
4 | 33329 | 1.005 |
7 | 34795 | 1.000 |
3 | 34641 | 0.995 |
Price($) | Vol. | No. |
---|---|---|
1.025 | 31813 | 1 |
1.040 | 26000 | 1 |
1.050 | 10000 | 1 |
1.060 | 23110 | 6 |
1.070 | 2963 | 3 |
Last trade - 16.10pm 09/08/2024 (20 minute delay) ? |
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CHN (ASX) Chart |