A very interesting point. Can you provide an example with numbers? Company X originally invested Y and since the IPO has sold Z%?
As a totally naive assessment it seems that if Z == 100 then you're shooting yourself in the foot by precipitating a crash, so the line of 'no confidence' would be closer to 50%.
As a totally naive assessment it seems that if Z == 100 then you're shooting yourself in the foot by precipitating a crash, so the line of 'no confidence' would be closer to 50%.