We won’t learn from History- do we??
Every year new investors come to the market and think this time it’s different and it’s cheap because its fallen 80% how much it can go more from here …then it falls 80% from there…
First Denial…then finding reasons defending the company… then more smoke comes out…then trying to find facts…then story becomes ugly…then acceptance…booking loss… and then…realization and lesson learned … then move on…
As they famously say History doesn’t repeat itself…It rhymes… isn’t it…