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Ann: HGST Renews for 9th Consecutive Year, page-120

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    The reason someone is constantly pitching 25-30c as the best possible outcome is more an indication of their psychological state. That person is either:

    • because they went in too hard last year and could not stomach the volatility associated with cutting edge R&D projects. A small setback technologically leads to a massive setback in short-term share price. They realised a loss and now want the future to justify that decision to sell.
    • in a HotCopper first, attempting to down ramp utilising reverse psychology. Again, motivated by personal bitterness from failure to match their emotional needs with their position size.

    You don't park a $30,000 car in a $1,000,000 garage.
 
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