orga
"makes no sense at all to me"
it makes no sense to sensible people like you (and me) because there is no sense to it.
Its just a lot of scaredy cats (or yellow bellies or whatever) deciding to bail out for no other reason that they are too scared to keep on holding it.
Thats all it is...fear...and fear in a downward market is the number 1 destroyer of wealth.
How do I know this...? Because i have sufferred from it myself many years ago. I got scared with IGO because of a bad quarter...and sold it...the story hadn't changed...IGO proceeded to go much higher than my sale price.
Again, Buffet's quote (as posted by ciggys) about the sharemarket moving money from the impatient to the patient is spot on.
People who 'invested' in ERH should review the reason why they did so, then check if the story has changed...if not, then obviously there is no reason to sell...if so, then they should sell.
They shouldn't sell simply cos they have wet their pants.
Cdchi1
why, page-13
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