Just let it sink inThe CEO sold millions of shares over 30 cents.
Then he comes out with some manifesto that says he should not own shares, you should. Its in your best interest that he doesn't own any shares.
Then he fronts a PP that some big follower posters for over a year said "would never happen". But he fronts the PP for 15 cents.
And the CEO will still have the following of shareholders here and elsewhere because it totally fits into investor psychology. Well retail investor psychology. Never take a loss. Hold until death. Even when the CEO does something like this find something good in that to cling onto it with both hands and be so brazen as to spout off about how what he has done is good for you.
If he never sold the shares and killed every run up don't you think the PP would be at a higher price? Of course you don't because its a retail shlep way of thinking. You own shares and now you enter reasoning in your own mind to justify the mistakes you have made.
You could have sold and bagged it all back in 2 days on ONC. You still probably could.
But as you like to say....do your own DD.
What do the people that have been here for decades know after all? You know the people that have learned the lessons the hard way and are here to share a bit of market knowledge gained from experience.
Maybe I get banned again for a week for posting this. I have no bloody idea. All I do is speak reality and have proof to back it up but I get banned.
Its a right trip.
Risk management. If you ever have any plan to do this for a living. You have to manage your risk. And one sure isn' the enemy for doing that or preaching it.