Australia's largest stock trading and investment forum Australia's #1 stock forum

QPM

Click for more information

2.78%

3.5¢ queensland pacific metals limited

fair point good example of psychological traits displayed by...

First 1143 Last

Share
Profile

Follow
Shaq_01

5,475 Posts.

835

27/09/22

09:45

Post #: 63893921
Share

Originally posted by Sdaji: ↑

Assuming there is no leaky ship issue, it's just taking one of the three possible directions. Humans (most of them) are herd animals. It is safer to follow as part of the group than to go against the herd, so that's what most people do in all areas of life, the stock market being a good example. If the price had been going up as we approached the DFS deadline, the herd would have assumed others knew more than they did and were buying accordingly, so they too would have bought, adding to illusion, and so on. As it is, the price is falling so everyone assumes it's for a reason and they're scared so they sell, and so on. Fear and avoidance of risk is a much stronger human trait than taking a chance (the penalty of being eaten by a lion is larger than the reward of catching the gazelle or getting to the tree covered in fruit, so humans evolved to be more cautious than brave).

In this case we have no guarantees and there's a risk, so even though the fundamentals point to this being a good risk, human psychology which evolved in the jungle will persuade people to stay away, especially when they see others getting away.

Fortune favours the brave.

Expand

fair point

good example of psychological traits displayed by many when investing

QPM Price at posting: 13.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

ITM

iTech Minerals flags high-grade rockchip finds, boasting one sample at +18% copper. What lies underground remains to be seen

Pilot Energy awarded $6.5M in govt funding for Mid West Clean Energy Project

DTM

Dart on-target for high-grade structures and multiple reefs at VIC's Ruthworth

SPR

Dalgaranga gold play's increase in MRE a 'pivotal moment' for Spartan

ARU

Arafura updates on total US$1B funding as export banks and lenders take notice; heading toward FID for Nolans

There are more pages in this discussion • 961 more messages in this thread...

First 1143 Last

Add QPM (ASX) to my watchlist

(20min delay)
Last 3.5¢		Change -0.001(2.78%)		Mkt cap ! $90.76M

Open	High	Low	Value	Volume
3.6¢	3.6¢	3.5¢	$15.59K	444.9K

Buyers (Bids)

No.	Vol.	Price($)
5	547434	3.5¢

Sellers (Offers)

Price($)	Vol.	No.
3.6¢	643152	7

View Market Depth

No.	Vol.	Price($)
5	547434	0.035
2	420000	0.034
12	840621	0.033
19	4409513	0.032
7	869143	0.031

Price($)	Vol.	No.
0.036	643152	7
0.037	633124	6
0.038	548000	3
0.039	838586	3
0.040	502040	3

Last trade - 12.37pm 23/07/2024 (20 minute delay)

QPM (ASX) Chart

SPONSORED BY