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
$1.31 |
Change
0.020(1.55%) |
Mkt cap ! $509.5M | |||
| Open | High | Low | Value | Volume |
| $1.32 | $1.38 | $1.31 | $4.246M | 3.177M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 115841 | $1.30 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.31 | 37678 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| CHN (ASX) Chart |