opportunity cost, page-42

Melua,
- As I have said before, you must be respected because you were pretty much the only one willing to stick your neck out and call AGM a sell when it was $1.18, however my Q. is the following.......
- Please explain how you are not a holder of AGM, when you have supposedly played it to perfection, ie. sold at $1.18.......bought at 60c (doubling your holdings).......WHY NOT HOLD UNTIL ATLEAST $1.20 (it does not make any sense that you would sell out at a such an early stage)???????