“There are some who will go down with the ship well into sub-penny land, always telling themselves that the big break is just around the next corner.”
Isn’t that each investor’s choice? To stay or go? That decision is not the fault of management. Everyone has to assess the company, their risk tolerances and then decide for themselves the best course of action.
Ultimately it is an individual choice to stay or go. Any of us can push the button at any time. It’s on each of us, no one else.
“ There are some who will go down with the ship well into sub-penny land, always telling themselves that the big break is just around the next corner.”
This really is a shame. It’s already happening and some openly admit to this…Longs who hold shares in spite of “knowing” they’re headed for a total loss. There‘ll be no sympathy for them.
They know better yet they stay. Unbelievable. Nothing worse than a financial disaster you saw coming and did nothing to prevent it.