Most investors tend to buy shares on an upward trend which they assume will continue. It's more difficult to assess the real value of an underperforming company's shares. However if the assessment of an undervalued company is correct then often the patient investor is rewarded with a large return. I believe for HGO the period of underperformance is about to end. However there will be profit-takers like Supervised Investments (today's announcement) but the market absorbed the stock without a price fall.
Time for an update, page-13
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