Bot Chart, page-4979

Thanks for posting. I agree with you in principle, generally. As long term investors we shouldn’t be too bothered if we understand the underlying value proposition. If we had invested in a business with great prospects and which didn’t publish its perceived market value on a minute by minute basis we wouldn’t be thinking about this at all.

The issues are:

1) Psychological - it doesn’t feel good. We aren’t having our decisions validated.

2) Also psychological - we’ve identified something we think is worth taking a risk on, made a call and held on - now others are getting in much cheaper. That’s annoying. Like someone pushing in when you’re lining up.

3) Overall, I think a lower share price poses a higher risk for the company. Capital raisings, if required, are less effective, partnering opportunities leave us with less leverage.

What’s the antidote? Patience and faith in your own analysis I guess - and DCAing if you think your decision is still right.

Good luck mate (to all of us)and fingers crossed for something soon.