who knows why? I only know my valuations. The Point I am making...

who knows why? I only know my valuations. The Point I am making is Mr Market is not becoming too despairing on AJZ share price, which makes it difficult to buy more. Given this is a large position already, I am not interested in buying more on just a few % dip, I need a decent fall to justify increasing my position.

Others might feel differentently depending on their own portfolio and their own positioning.

That's what makes a market, it not 2 dimensional, its at least 3 dimensional.

I am making money on this position given both my entry prices for top ups and my dividends. But that is me.
But this position is reasonably large, its more than 5% of my portfolio. This means I demand more safety for further top ups because I also have to preserve my capital (not just return on capital, but also return of capital). Other people might not have this constrain depending when they bought in and their portfolio size.

Anyway, don't feel too sorry for me, I just hit a high tide water mark for my returns in 2022 ie I just hit high portfolio value for 2022. So I can afford to sweat a bit