So large holders who are already the proud owners of eye-watering losses, are going to buy more of a stock they think will fall further. And might fall even further than they anticipate if the market deems Anteotech's products non commercial.
Doesn't appeal as winning strategy to me.
As someone once said, "I've never seen a large loss that didn't start as a small loss."
If I were in their shoes, I'd think about finding another stock in an uptrend to recoup some of their losses rather than betting the house on the one stock they've already lost the farm on.
All my humble opinion of course. Their strategy might just reward them in spades too.
ADO Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
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