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Instead of admitting they got manipulated into a pump and dump, many will try to rationalize their loss saying things like "I'm not selling, MSM badly wants the stock to tank so the shorts get covered." (in a comment below). This is the disbelief phase.

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I'm honored that you quoted me! I'm down like $800 with a 7 figure net worth. And I like the stock to boot! Why would I sell?

Edit: I have plenty of karma to burn. Stay mad (though what has you people so worked up? I have no idea)

Edit2 since I'm throttled: I think the idea that it's time for me to make a judgment one way or another on the effectiveness of the investment is a fallacy in itself. I don't invest that way. It would take at least a year for me to reach a point where I am ready to say whether any given investment was a bad or good one.

Are you sure you represent the average?

I would certainly hope I don't!

I believe the point stands regardless of your net worth. People come up with rationalizations to smooth over the ego-stinging admission that they were somebody else's greater fool. Your net worth relative to your loss may be yet another rationalization. Instead of, "I was wrong," it's, "Well, it's only $X anyway."

But maybe time will prove you right. If you truly believe that, should you risk more of your money on $GME?

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