At some point, it becomes a matter of protecting capital. Whatever games are being played, they're not fun. I doubt it's Patersons, by the way- I am sure they were long gone, and they only underwrite, so they just take up the slack. Maybe they saw the share price slump when they were finished, felt sorry for the company and shareholders because I believe this *is* a good company, and gave us a favour by writing us a buy recommendation. However, if someopne lse wanted to own more, for whatever reason, and they had a few shares tro play around withm, they could just keep pushing the price down by accepting less and less, until the price gets so low, they can buy more and more shares. There's nothing we can do about it (and probably not much the company can do about it) except to develop a plan of how we can save our money. The question is, do we think the shares might be cheaper later to buy back in if we (I) sold out now? There's something ugly happening.
yin, not sacaring buyers- merely alerting people to what we're seeing.
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