Because it was right before COVID occured and pretty close to the average trading price for the prevous 5 or so years. Sure, the price has run significantly higher than that average for a month or two among those 5 years... If I wanted to be pedantically accurate, I would have added a few paragraphs of disclaimers, but it was an off-hand comment pointing out the obvious that the GP had ignored in their own off-hand comment.