I get more and more the opinion that it´s mainly a psychological problem, especially for us who have invested at a low pps-stage and saw this just growing strongly and fast ... a good example are 900K shares I hold in my Austrian account since 01/2013 ... average buying-price: exactly 0.005 ... imagine this incredible gain of those shares within a year (until Dec. 2013): 35-fold!!!!!!! And despite this ugly development afterwards they are still a 12-bagger today.
If you have such an experience (accompanied by an awesome company-quality in many regards like reliability, honesty etc.) you naturally become spoiled, and that BIGTIME! Mainly as one who went through several (expensive) disappointments before.
So 2013 for us was a really occuring life-example kinda "too good to be true" ... and with that experience any comparison resp. contrast with 2014 has to look terrible (probably not for one who got in let´s say in spring or later) ...
And this negative development not only was pps-wise but also re. the 180°-changed behavior of the company, at all and to us shareholders ...
The recent news and pps-gains unfortunately are history, and 2014 as synonym for a disgusting NTEK-phase looks will continue ... very tough to stay optimistic right now ... looks we have to wait several further months, however, this time with downgraded hopes, less excitement and conviction, however much more sense for reality, far away from dreaming ... 2013 was a dream-year ... a dream got reality ... this current year we have to accept the other side of reality, unfortunately ...
Could be today some investor got out ... I should have done this last December, at least with half of my overall several M shares, at a 3-multiple of today´s pps.