To say it was a 50-50 call because there are two options for outcomes is a bad understanding of probability, people have assigned weight to the outcomes in making their decision so it's not 50-50. You may know a lot about oil but in the medium term your predictions based on your knowledge have been wrong. You say you haven't mentioned a price but your sentiment has definitely been buy.
I dare say your sentiment has been influenced by your position as a holder more than your knowledge. I suggest you read "Thinking, Fast and Slow" by Daniel Kahneman particularly chapter 19 - The Illusion of Understanding.
Good luck, your posts are generally good and informative, don't get me wrong. I'm sure STO will eventually get on a run higher but the big question is when?
To say it was a 50-50 call because there are two options for...
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Last
$6.72 |
Change
0.030(0.45%) |
Mkt cap ! $21.82B | |||
| Open | High | Low | Value | Volume |
| $6.74 | $6.77 | $6.72 | $43.42M | 6.449M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 55681 | $6.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.73 | 10465 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |