Its surprising how many people will actually be selling now, when they bought in at $50. Funny you never hear from those guys
I know we joke about this a lot here, but you'd be surprised how many idiots do just that. Some, gasp, even on this forum! Of course, if they didn't unload at a loss there wouldn't be a stockpile for the rest of us to buy when it's low, so I say don't discourage the numbers challenged people.
I get a lot of guys in the shop who bought a lot at $35/ozT and above. They don't typically sell, but come in and buy more, trying to lower their 'dollar cost average.' Makes sense, but I'd rather just not buy it when it's (what I feel to be) high.