((The reason we got hit hard this week was the markets went risk off and the sellers figured they could make money on the down slide. Nothing to do with the company at all just greed and opportunity.))


Nakate, I think you exactly misunderstand capital markets. Asset prices typically don't fall primarily as a result of short sellers. Actually, initially, they don't even fall IMO as a result of sellers at all. Rather, significant declines in asset prices occur when a lot of sellers encounter few buyers. The operative emotion isn't greed and opportunity, it's fear and the desire to preserve capital. Sure, short sellers can exacerbate a fall in prices. But they don't typically cause dramatic falls in broad, deep markets.


I suppose there are both investors and traders that try to make money by trading on technicals. But for myself, I'm primarily interested in preservation of capital. You may fault me for liquidating half my position in Orbite at around $3.30, and actually I've sinced even reduced it further. But I'm just trying to manage risk. My long-term outlook for Orbite hasn't changed one iota. Anyway, the operative approach for me is preservation of capital and risk aversion. It's certainly not greed and opportunity.


This approach has enabled me to be quite successful at growing my capital over a long-term, which I think is the objective of every investor. Most importantly, it has helped me protect my capital in the face of ferocious bear markets. If you're approach of throwing a hail mary and staying invested no matter what the risk serves you well, then all the power to you. Far be it for me to criticize anyone's approach to investing. But please, don't cast risk aversion as greed and opportunism, when in fact it's the exact opposite.