You've nailed it here. You'd think people who are literally on an investment discussion forum would understand that almost everyone here has at least some interest in the stock market.
People spend a lot of time watching spectator sports on television, 'reality TV' about the most inane nonsense anyone could dream up, unrealistic sci-fi, they play crossword puzzles and computer games about fighting aliens or monsters from Hell. They collect stamps or bottle tops. You can find online discussion forums for all these topics and much more inane.
But when someone takes an interest in watching a trash stock and discussing it, some people can't wrap their head around another human doing something without direct financial motivation. In the case of CPH it is very obvious; the bears put forward very real, clear reasons to be concerned about the company (such as the incredible cash burn, terrible results and ridiculous amount of payment and bonuses those on the CPH payroll give themselves). There is no good response to this other than 'Yes, that is a legitimate concern, it's a huge red flag. It clearly demonstrates that something very bad is going on and if I'm not going to sell I should at least look right into that!'
But, many holders aren't brave enough to face this reality and risk realising that they've made a mistake. Instead, they bring in distractions (mostly for themselves) or try to turn the discussion into a personal fight, so that the actual topic is not discussed. Interestingly, the main posters bringing current figures and stats about the company into the discussion are the bears (Tesla's figures are irrelevant, cherry-picked figures from more than half a year ago are irrelevant. Entire big picture data of the company or the current situation etc, is relevant).
Watching this company gives perspective on how bad a company can be, which can be useful in a number of ways. Just one example is that it shows how incredibly extreme things can get without investors or regulators holding the board responsible. When you look at other companies and much more mild problems occur, and other investors are speculating that there will be repercussions, you know it's almost certain not to happen, because you've seen that even much more extreme cases get ignored.
It's also interesting to see extreme examples of investor psychology, which allows you to recognise and avoid more mild forms in yourself. For example, don't ignore concerns, don't put people on ignore just because you disagree with them, don't be too cowardly to take an honest look at a company you hold and admit you made a mistake. Don't get angry at people who provide you with information you don't like.
CPH has been a train wreck for a long time. It was an obvious train wreck in the making when I first saw it. The discussions have degraded to the point where they're not really worth continuing with, but at this point it's like being near the end of a bad book you started reading, or you're in what you think will likely be the final season of a series you regret having started.
Like books, movies, hobbies, etc, everyone has their own reason for starting with them, and the vast majority of things people do are not done for financial gain.
CPH Price at posting:
13.5¢ Sentiment: Sell Disclosure: Not Held
