holding on

I am reminded of a quote from Jesse Livermore (who few people know eventually died a bankrupt) from viewing recent MCE comments (see MCE for proper quote), to the effect that jesse Livermore wrote in his famous book (Confessions...) that the real big money was not made by timing the bottom of markets (or the top) but by staying the course - despite what many instos claim, many traders/investors are pretty good at picking either the high or low in markets (but rarely both). But very few of these "traders" can stay with the stock to realise the really big gains.

I suspect HFA is in that category. Trying to pick the short term peak in a cheap stock with massive growth potential is bound in misery as you watch it gap up again. I'm not talking an horizon of 3 months or even 3 years. This may be the early beginnings of a new Perpetual, and in the USA, everything is on a bigger scale (not just waistlines). Pleading guilty to selling early in previous new cycles, I'm trying not to sweat the daily action. I'm with Kiril in trying to forget I own a large position until they breach $1 (under the current pricing basis) in a couple of years or so and I may not sell any then either.