Ann: Exploration Development Incentive, page-176

Much of the trading that takes place follows 'the lemming' principle it seems to me. Joe Blow sold a million yesterday morning and that encouraged a few more yesterday to follow suit, thinking Joe must know something, and then it carried on from there this morning. The pain of their potential losses at the lowest level seemed to then curb the selling urge before one brave soul encouraged a few others to restore the previous status quo. Wouldn't it be fascinating if everyone had to publish a reason for either buying or selling before an order was processed? - if you could get honesty anyway. I'm reminded of something former World Champion racing driver Graham Hill once said: 'We're constantly performing a delicate balancing act on the edge of disaster.' It seems to me the stockmarket has similarities. Its participants live on a continuum between fear and greed, and at any moment a single event, or even a suspicious whisper, can spark a stampede in either direction.