1. sweet FA change ever generated from Forums like HC. - Not for microcaps, at an MC of $16.3mill, I would say WPG is a microcap.
2. income generating asset - what income?
3. underlying property value - KCN were willing to selling it for $1mill
4. hot strike location with other multinationals mining in the same area. - who are these multinationals?
For those that keep saying down-rampers are buying.... would I be calling for (thinking about) a TH, if I was trading for pips?
Confirmation bias, also called confirmatory bias or myside bias,[Note 1] is the tendency to search for, interpret, favor, and recall information in a way that confirms one's preexisting beliefs or hypotheses.[1] It is a type of cognitive bias and a systematic error of inductive reasoning. People display this bias when they gather or remember information selectively, or when they interpret it in a biased way. The effect is stronger for emotionally charged issues and for deeply entrenched beliefs. Confirmation bias is a variation of the more general tendency of apophenia. People also tend to interpret ambiguous evidence as supporting their existing position. Biased search, interpretation and memory have been invoked to explain attitude polarization (when a disagreement becomes more extreme even though the different parties are exposed to the same evidence), belief perseverance (when beliefs persist after the evidence for them is shown to be false), the irrational primacy effect (a greater reliance on information encountered early in a series) and illusory correlation (when people falsely perceive an association between two events or situations). A series of psychological experiments in the 1960s suggested that people are biased toward confirming their existing beliefs. Later work re-interpreted these results as a tendency to test ideas in a one-sided way, focusing on one possibility and ignoring alternatives. In certain situations, this tendency can bias people's conclusions.
WPG Price at posting:
1.7¢ Sentiment: Sell Disclosure: Not Held
