And why do investors appear to think both are wrong?

He started to say something, then appeared to think better of it.

The figure appeared to think the question over for a moment.

This was not something she discussed, or even appeared to think about much.

She appeared to think that over for a few seconds.

The process seems quite different than you appear to think.

She appeared to think about what he had said for some time.

The figure appeared to think for a while in silence.

She paused, almost said something else, then appeared to think again.

He seemed about to add more, appeared to think better of it, and just shook his head again.