Bit perplexing given that Larry sold his shares at and around $3.50, fetching $3.35 for them, now the SP is at $2.88, he night have to accept say $2.70? That is a difference if $21.5 mil. Holy cow, did he pick the top, is he a market maker or both? Or is Larry just the same as all the bulls who have sold out?
There is noticeable positive confirmation bias in ZIP Hot Copper forums
-Users with "ZIP in their handles" would dismiss concerns about regulation, tightening margins, and rising bad debts -Some users continue to set unrealistic price targets, such as "$10 by Christmas," despite significant share price declines -There's evidence of users "reassuring yourself that a losing stock will come good eventually and seeing everything through rose-coloured" perspectives
This positive confirmation bias can lead to echo chambers where users reinforce each other's optimistic views, potentially ignoring negative information and making flawed investment decisions based on biased sentiment rather than objective analysis.
ZIP Price at posting:
$2.90 Sentiment: None Disclosure: Not Held
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