This is Regals biggest position to date, just pipping their...

This is Regals biggest position to date, just pipping their substantial holder notice from earlier this year. Retail has hit the sell button of late, no doubt most of the excited folk who bought in on the march from $15-$23 in March to mid-May.

Institutions doing what they do best. Riding the wave and profiting on the way up and down. Most of retail can't afford to do this, and didn't have the luxury of getting in sub $10 to see out 35%+ retraces.

Most of us here are investing due to our love for the markets along with a healthy (or in some cases unhealthy) obsession with putting our money where our mouth is. Some "clever" folk would have been caught with their pants down at $20+ and have subsequently sold. Others may be forced by circumstance such as financial factors or in some cases nagging wives who can't stomach seeing wild swings and force their husbands to sell.

One thing I've learnt in this tricky game is once the DD has been done and I have decided to push the buy button, I tell as few souls as possible and maintain my thesis and conviction, in the absence of clear Information to the contrary.

The stock market is a weighting mechanism and patience is always rewarded when you back the right horse.