Admitting You Were Wrong
I think those who invested money into CXR shares (and perhaps "averaged down") as the share price went from $30 to $20 to $10 and lower had trouble admitting they were wrong and refused to take losses, which just led to bigger losses........
The fact that some are still insisting that CXR is a bargain at these prices when they have no idea what's next with this company given management's poor track record and questionable competence is bordering on delusional in my view......
Investing in CXR today appears to be purely speculative, and it can't be comforting to wake up every morning wondering If yet another shoe will drop and the stock will fall further (not sure how many shoes are left given the number that have dropped already)......