True
That's why I More doubled my holding in my SMSF buying at 68 67.5 and 66.5 about and a bit ago . This reminded me of klarman safety of Margin book . Effectively says instos exiting can push price down way beyond true value. He explains that in a big fund selling quickly at 65-75 cents cs waiting 6 months to exit at 80c may only have a .2% difference on returns so unlike us they really don't care. Of course now these exists are exacerbated when momentum traders and shorters join in . This is why I don't mind shorters, they can really help one make some good returns with a bit of conviction and the right timeframe
Btw roger , are you a fan of Robert Lanza ?
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