"There (sic) now stuck with their existing stocks and need to see it out ."
No-one is ever "stuck" with their existing stocks. This is a choice. Surely some have heard at least one of the terms "cut your losses", or "know when to hold and when to fold" (from card games), "take care of your losers and the winners will take care of themselves" etc. etc.
For those who are serious about investing and above all, capital preservation, the less colloquial term is "money management".
Also, when you say doubling tripling their losses, it's unclear what you mean. I'm assuming (correctly or otherwise) when "they let there emotions get the better of them" due to the all too human fear of losing money , an emotion even greater than the pleasure derived from making it: behavioral finance teaches us this (there being no place for emotion in markets), they tried to salvage a losing position by averaging down, so lowering average entry price, only to see them fall further, and on it goes.....This is so basic it just happens to be Rule #1. And never buy a falling stock (another Rule #1) - unless ahead, in an uptrend, and "buying the dip". This is of course the reverse, averaging up.
I raised this previously and was laughed out of the MSB court of public opinion......as (a) member here boasted of his succession of averaging down at ever lower prices, compounding his losses enormously. He can't have been the only one.
Some folks here must have very deep pockets, or very long lifespans ahead of them to be able to gamble in this way, sit on enormous amounts of dead money which could be better be employed elsewhere (i.e. stocks that are increasing in value).
I also wonder how many have said, "it can't fall any further" (well..it can..and has..), or "I've lost so much, there's no point bailing now" - of course, there is - you won't lose more than you have already .
A by product of this is that such losses produce a damaging psychological toll, preventing them from doing exactly that (moving on), so obsessed do they become about their investment coming back from the grave, and at least "breaking even". And no, I don't believe there's such a thing a "it's only a paper loss" until you realize it". A loser is a loser, whichever way you look at it. You can always come back in later...no law against that.
My views were considered "unconventional...."
Hmmmmm.
IMHO, losses of masses of money is what's "unconventional" when one is in financial markets to make money.....unless it's for some other reason, like this, perhaps:
"Win or lose
BTW, those still holding...when the price hits, 2,3,4,5,6 bucks, whatever....you don't think those still holding at those price won't sell in a flash like a wave of kamikaze pilots to "break even", wipe the sweat off their brows and proudly say to spouse " You see how clever I am Martha, I didn't lose any money on that stock I bought in 20xx."
And of course that wave of selling will push the price back down..... (the technical term is supply overhang", or "overhead supply"), and until all those holders are completely flushed out of the market - or literally dead - then and only then is there chance of making new historic highs once more i.e. over $10
Am an ex MSB holder, and may well buy in again when there's a clear uptrend in place, and it's breached obvious resistance levels. Clearly this will be a result of definitive news (such as successful Trial Results - if there's a takeover, then clearly the opportunity is missed, so be it...there are always opportunities), MSB being the exemplar of the totally news-driven stock - deals, partnerships, JV's, FDA Trial Results etc... (all markets move on news, of course).
I'm more than happy to miss the next spike up to $5, even $10 since this is potentially the next CSL, and then some, when the company succeeds with its revolutionary and innovative technology.
Bottom picking is a fool's game, and I'm sure more than a few here have been burnt trying to pick the bottom. Put your hand up, if you know what I'm talking about.
MSB - Monthly
(20min delay)