Yeah exactly man, seeing this made me rethink a lot of how I approach these markets.
The lessons to take out of this in my opinion are not to get too attached to the story no matter how appealing, realise that its a tiny fraction of these companies that end up making it, so if you are lucky enough to be in profit on speculative stocks might be a good idea to take some money off the table along the way. Also some basic research on the directors, CEO, etc, see where they spent the last 5 years, that little research will go along way to help you not get attached, you will usually find they have gone from company to company, or been in the same company for decade(s) through different name changes without performing.
When you got some money through the ASX, take it and run to the next hot thing!
MXC Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held
