So much cognitive bias within this group and as soon as the SP goes down - they go around blaming everyone but the company. Damn down rampers, bots, manipulators but no blaming the company or their own cognitive bias.
Bandwagon effect - the cognitive bias which is the uptake of a belief the more that they have already been adopted by others.
Confirmation bias - focussing on information that only confirms existing preconceptions.
Endowment effect - the bias where people ascribe more value to things merely because they already own them.
Ostrich effect - the bias of avoiding negative financial information by pretending it doesnt exist.
I think the last one really holds a lot of value.
If it makes you feel better you will probably have a green day tomorrow. However, you will likely be back into the 7c area in a month or two.
But hey - "the SP is laughable at the moment" and - this is the best one - "If your not buying at these prices - then you shouldn't be a holder at all!"
Lol - I see a challenge coming on!!
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