Bazinga! - don't be too hard on yourself, have done that sort thing heaps of times....but you DO need to reflect on your errors, how else are you going to learn from your mistakes?
You prob did the right thing at the time, but there have been many opportunities to get back in? Did you consider that? Its been running hot for a while now with no signs of let up - go to what's hot. Sometimes, if you're not sure you can phase yourself in, the add to the position.
Don't have a definitive answer to the "whys" of MAD, but here's a few reasons why I bought and traded a few times. (Holding a longer term parcel and sold some today at .71)
1. Mkt conditions are pretty conducive to "sexy stories" atm. 2. Its fundies look good, producer, increasing reserves, owns rigs, low cost drilling, cash flow positive. 3.Its a "newish" stock, listed Nov 2010, not too many shares on issue (I don't think so anyway, forgotten) 4. Breakout of long term consol in Jan - check wkly chart 5. NB Its the beginning of a NEW UPTREND, and looks likely to continue for a while yet, barring some disaster. 6. Its technicals look extremely healthy since Jan, steady moves up with a few explosive ones and a classic pullback then on and upwards. 7. Good news flow and further catalyst today with Oil and Gas Wkly saying more good news to come (accord to MAD thread)
So with TA, FA and sentiment all lining up positively, how could you go wrong (famous last words lol). However, personally, I liked the "newness" elements as mentioned above. There's a perception (and/or reality) of lots of "blue sky". Not lots of stale bulls in waiting to quit or get out of long term possies - its all just happening now.
