Gut wrenching, yes, Tree shake, yes. That is the time to carefully examine the fundamentals. It is not the time to follow the lemmings over a cliff. I may still be wrong but the fundamentals do not indicate that to me in this instance. OZL will be a big winner for me in the end. Firstly because I did well out of AGM, invested the proceeds elsewhere and entered OZL after the drop. My average is around 53c. I therefore did not face the prospect of a huge loss as are some others.
That does not alter the picture, my strategy is the same for many other stocks where I face a large loss. My policy is to look at the value of each stock each day. If it seems good value at that price then I hold if not then I sell. I do not believe in stop loss arrangements. How many stops were triggered on OZL in the last few days with unnecessary losses.
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