Cognitive biases often lead to inaccurate evaluation of evidence, perceptual distortion, unjustifiable interpretation, or what may be broadly defined in the market as irrational logic. Inevitably, our construction of reality is dictated by this behavior, so to infer that I am only recalling information to confirm a hypotheses with disproportionately less consideration given to the alternatives would be a fair summation in your opinion, correct?
And, what if my only intention was to test the quality of irrational exuberance relentlessly splashed across the SRT threads over the weekend...? Importantly, what if I had already stated in no uncertain terms that I was playing a devils advocate...? Given that you have been very selective in your own critique of my views, would this not point the cognitive bias finger back in your direction?
What I found quite intriguing about this part of your response is that while you say you would never touch a stock which has already made 500% gains within a year, SRT have already peaked @ 400% just over two weeks ago, so based on your own trading strategy would it be fair to assume that your sentiment on SRT has now changed from a 'buy' to a 'sell' or is it somewhere in between? What I find most intriguing however is that whether intentional or not, you have corroborated my p&d theory which formed the basis of my entire argument in the first place.
Not really sure how this relates to SRT, but I have no problem talking about stocks I don't own, and SGH is no exception to the rule, especially when others are calling the bottom @ $3.78c... What's it trading at today... $1.04c with more bad news on the horizon. The traders bandwagon fallacy of posting on stocks that one doesn't own = hidden agenda, doesn't apply here.
You almost lost me at hello, but thank you for your thoughtful and well argued critique, jazzmox
Look, I've obviously stepped on a few sore toes here, but suggesting that my post isthe most misleading you have ever readis actually quite interesting, as it conforms my view that some people can't define a devil's advocate. Judging by the number of respondents, the multiple choice question was probably a tough ask too. As for HC taking the heart away, I'm not a hobby trader so it is of no personal benefit or value to me whatsoever. If I were running HC headquarters, I'd strip every single one of them. HC have over 250,000 registered members, and I can promise you that there is a significantly larger number of very astute investors on here without hearts, than those who do. I also believe it would be hugely beneficial to members if a clear distinction was made more visible between ST's and LT's and/or T/A's and F/A's. Yes, most of us apply both T/A and F/A but we always favor one over the other.
The glory days for BHP are well and truly over, but it my opinion they will be one of the few survivors. Woolworths haven't escaped the wrath of what you probably consider to be my hidden agenda, and they'll also be lucky to escape extinction if they don't think about serious merger soon.
VTX and its cute little NexGen app acquisition doesn't really impress me... but if you're looking for a better example of something misleading, you could compare this Certificate of Incorporation to whatever VTX may be telling you.
In keeping to this topic, while you've been promised the big acquisition deal before Christmas and of course AB stirred up the same excitement on his way out the door after dumping 33.2m shares on-market, he did provide a very different reason to the reporter from the last post... Let's hope he was pulling her leg, and not yours so that you can all look forward to a more enjoyable festive season.
SRT Price at posting:
1.5¢ Sentiment: None Disclosure: Not Held
(20min delay)