Yep, I I hear you. These rises and have always followed big...

Yep, I I hear you. These rises and have always followed big falls. I have been fighting my confirmation bias over the last 2 weeks as well to not assume a fall will follow. The biggest difference for me is Monash buying in and the volume. I know Monash's investment style pretty well and that helps to know they have done their DD and are set. The market also looks ready to put money in late stage cash burners as interest rates loosen up around the world.

Funny you mention A2M, as this was one of the thematics (China leveraged growth) which brought my attention to EMC/FLC. Didn't happen as quickly as I had hoped. I loaded up the truck in A2M (around 82c) when CGF bought in. They were the first Australian insto substantial, from memory. Monash buying in, isn't quite on the same scale, but certainly helps give me some confidence because I know most fund's mandate's won't allow them to buy into a cash burner.

Btw, still have half my A2M, but also sold out too early in ALU, NEA and NAN to name a few! I think with your holding size, you can enjoy the spoils from here without risking further capital.