Oct. 3 at 8:22 PM
$LXRX Sharing a post from another board - It's all human nature.
If enough people participate in a well designed game, the outcome is pretty predictable statistically. The game here is to buy or sell a stock at your freewill with profits motivation. People participate in this game come in with a wide range of intelligence, education, experience, EQ, wealth, ..., and most notably tolerance for risks.
Most people (1 sigma) will sell at a small profit or loss. Some people will sell at a meaningful profit or loss. A few people will sell at a life-changing profit or loss. Very rare but certain people will sell at a generational profit or loss.
Even though we know the SP of CORT just broke the ground, will soon break the cloud, then head to the outerspace, most investors (95.45%) would fall within the first 2 categories. 4.28% would fall within the 3rd category, and 0.27% would fall within the 4th category.
No matter what, life goes on with or without profits.
