The herd instinct or a lemming one?10 Feb 2026 12:23
Whatever you call it does have an effect of price action. Take last week. A bit of negativity balanced by good news. Sadly as is often the case the negativity won through or did it? I'm not always convinced selling activity as with a couple of big sales last week that sent this share into the mid 030's for a time is necessarily directly this share related. For some, last week was a horror. There was strong selective commodity falls, bitcoin and a few others had a terrible time and feel sure some traders were faced with margin calls. It is not surprising that there were a few who had to sell quickly at almost any cost to provide liquidity. Maybe kod was partly caught in the cross fire? We can always come up with numerous theories and most are incorrect but the one thing I have learned over many years, if you think the seemingly obvious the root cause is often different. Panic trends, price weakness and over priced hype can be our friend. The skill is getting it right. Sadly cannot boast an abundance of this skill!! But it's fun trying. Gla. Any contrary views very welcome.