When you've spent 9-10 years holding this on conviction that it...

When you've spent 9-10 years holding this on conviction that it makes sense and will come good eventually, riding out ups and downs, you no longer care to sell in red. You can might as well just consider this a wager, play money at this point and s"ee the finale.
That's my reason for not selling.

Now, note the word conviction. Note the expression, "makes sense". Note that the belief that it will come good is historic. At this point, I have no faith in the abilities and honesty of the leadership and I expect a BCN to play out. That can still come with an upside compared to the present price, even if we fail to fight it. This is my explanation for those buy orders.