I managed to snatch a bunch @ 1.28. That's more than 45% annual return.
Even with all the uncertainty and fear, it's a steal.
People who bought at 4.3: "
Why not buy? It's a 30% annual return."
People who bought at 3.5: "
Why not buy? It's a 30% annual return."
People who bought at 2.5: "
Why not buy? It's a 30% annual return."
All of these people are now facing negative returns at current market prices.
Lol much true.
When it dropped from 5 to below 4.5 I felt stupid not selling at peak, despite I knew it was overvalued.
When it dropped below 4 I felt stupid not to sell at 4.2, despite I still knew it was overvalued.
When it dropped below 3.5, just the same.
When it dropped below 3 I couldn't believe it was going down so much, and I didn't think it was overvalued anymore, but I still felt stupid not having sold at a higher price.
When it dropped below 2.5 I feld stupid not having sold at 2.5, and realising just a little gain, instead of the huge I could have realised selling higher.
And now we're below ~1.6, and I still refuse to take a loss. But I've finally accepted I could just sell off, and posted a sell for all my shares at the exact price that I need to go on par.
And if it doesn't get filled, well, sure it sucks, but no big deal.
At least now I know finance is not for me unless I can do it full time (and I'm not going to / nor that I could anyway).
And lo, support becomes resistance. Psychology never changes.
If it's any consolation, I had the exact same process. I had all ready to sell at 5 and it reached 4.8 (doh).
I'm holding now as I think they're cheap and they pay a dividend so I'm being paid to wait.