"Lots of trapped traders higher" "Feel sorry for the people who bought at $3.70" (ESK) etc etc etc.
Why do people assume that people are trapped or still hold their shares at $3.70? When PCK was on it's roll I still hold the record for the highest ever, most expensive shares ever! i bought some at 37c!!!
But I sold those shares above 30c for a small loss. Nobody felt sorry for me when i bought shares at 10c, 14c, 16.5c 21c, 23c, 28c! Guess what i sold all those shares also, most of them for profit on the way up. My original (Large) holding at 5.9c i sold in the 20's (after directors sold) and bought more in the 8c-9c range.
So my point in all this is there is a very real and likely chance that a large% (?) of people who bought shares in ESK above $3 probably don't hold them anymore and took a loss, or broke even on the way down. Did you see it go? Plenty of people getting out!!!
Anyway, there is my 2c worth on these comments, got that off my chest......
