RE: Up she rises early in the morning13 Nov 2020 09:32
Have you been snooping around the notes that I hold in my head...?
1. Written the investment off so many times that it is almost designated as a free ride.
I.E. The heck with it let’s go for it (the drill.)
2. Age – many older holders – financially secure - who can afford to hold through to drill.
3. Whilst many LTHs entered @ higher prices than today’s level there have been many, many opportunities to average down.
From anecdotal evidence IMO this has happened prolifically.
Whilst financially relatively secure as per point (2) – there is still the opportunity to make a “life changing” difference to LTHs re drill outcome which may be persuasive in retention of holdings.