Now that we known TDMAN won`t be reading this, we are.......Able to discuss without interruption whether we believe his reasoning for not selling his stated remaining holdings of YFI shares. However, we must emphasize that this is based on his word whether he has any, and also whether he ever did.
Let`s take his word for it that he does and let you switch places with him. OK, let me ask you the following: If you were totally convicted that a collective group of things that you owned were to become more, and more worthless in the future would you sell them all for what you could get, or would you only sell a portion of them? If you only sold a portion could that be construed as your lack of certainty in what you were doing? But......if you had any doubts, why then would do anything within your power thereafter to convince others not to buy them? Which brings up an even bigger question and that is why was TDMAN talking this way before he even admitted to finally selling some thereby incurring a substantial loss when he had ample opportunity to drastically mitigate his losses while bad mouthing the company months before? Finally when I queried TDMAN about still owning this stock which he implied as worthless, and furthermore suggested he sell it what was his resp[onse? Was it it not something to the effect that he had so much money that any proceeds he would get would only amount to monkey money? Do you buy that? If so,and if you were in a similar circumstance with an investment managed by a financial advisor and that was his advice to you what would be your reaction?
Put it this way, there is you, and there is your financial advisor. You are heavily invested in a stock. When it goes up he doesn`t sell any. It starts to go down; you become concerned and you ask him; why are we not selling? He answers: "Because I forecast it to go down further."
Finally, after countless phone calls from you he decides that it is your interest to sell. But...........it is his professional opinion that you do not sell off your whole position. Why? Because your financial advisor says that he is trying to convince the market not to buy until the shares become worthless monkey money that you can give to your paper boy.
Try to sell that rationale over the phone to Wall Street while riding around in a rented limousine posting on an anonymous chat room.