QPM 0.00% 3.4¢ queensland pacific metals limited

Yes and the charts you posted here prove the point very...

  1. 243 Posts.
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    Yes and the charts you posted here prove the point very precisely about hindsight.You’re able to post them and say I told you so now, simply because that is what has actually transpired.

    For example, just two weeks ago you posted one of the very same charts copied below, but with comments suggesting you had no firm idea about where the price could go. Either it could break below 16c or it could break through 20c... BUT we’d need to wait and see what the market did from there. Yes, exactly. Wait and see what happens, then we can decide in hindsight what would have been the right move!

    So now the market spoke, economic uncertainty and Putin stepped in, and we have 13 cents.What could easily have transpired after you posted two weeks ago is that the company may have announced a large funding package, or a significant new offtake partnership, or made some other significant project de-risking announcement while at the same time, Putin could have decided he needn’t actually escalate his own masterminded crisis further and pulled back his troops and made peace with Ukraine.Perfectly plausible scenarios in which case we might well be looking at a 20c plus price currently instead of 13c.

    So here you mock a comment about hindsight being great when it comes to charts. Then tell us why it’s anything more than the benefit of hindsight to say maybe we should have sold at 17 or 18 cents two weeks ago (or not purchased at these prices) because now we could buy at 13 cents, when at that point, even you had no idea where the price would go?

    Yes it would have been a good move for many of us, we can see that now...with hindsight... but nobody actually knew what would eventuate two weeks ago. The charts failed to make any meaningful prediction, it would basically have just been a gamble.

    Are you able to explain why many other stocks have seen similar price action to QPM over the last couple weeks, but don’t have HnS patterns preceding them? Might it be simply because there are fundamental factors at play and it’s purely coincidence that a HnS pattern turned up on QPM’s chart and not on others?

    https://hotcopper.com.au/data/attachments/4108/4108440-d7c0587fd96faa44e7becaf843ed61ed.jpg
    https://hotcopper.com.au/data/attachments/4108/4108443-bdd08988e91b61e45acc0d44a3c7fc41.jpg

 
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