DamienFWIWI'd go with option 1. I think that T4P knew his...

Damien

FWIW

I'd go with option 1. I think that T4P knew his following and it was used consciously or unconsciously to try to keep the wheels on.

Many people entered at the height (ie. end) of a huge bull market. T4P became notable for picking high risk high return shares during the massive bull market - and in the end the speccy end of the share market is not where you want to be when the proverbial hits the fan.

During a bull run the speculative end looks enticing because of the possibility of easy "multi-baggers", but with an economic downtrend people are getting the view of why the stocks are called "speculative" - it's because they are not "real" businesses - a real business can support itself on what revenue it generates.

He was a huge bull for the stock and the market overall.

There's no more room in the market for massive blue sky potential - the biggest hopes for strong gains is for stocks that are 10-20% of near term highs to claw back up to 30-40% of those old highs.

Unfortunately, many people where carried along and caught up in belief and fervour as if we were at a scientologist's convention whilst the skeptics looked on from the sides in disbelief.

LOL

Definitely in stage 13 right now!