I have to applaud you on your honesty. My guess have always been that while in hindsight, everyone always thinks that “that was an obvious candidate for a short, and it would have been easy to follow it all the way down”. However, i think most humans don’t really hold on till the end, due to fear of risk and/or the gain achieved say at 30% convinces people to exit. My gut is that when one’s 30% up, they usually exit some portion (if not all). Myself, I admit that 25% gain is about my threshold when I start exiting, at 35%, I usually exit all but 20% of a position.
Well, anyway, I’m going to play contrarian here, and bought a position in CFC at 17.8 today. Hoping for a dead cat bounce in the next couple of days.
