I continued holding because I (foolishly?) thought the land was...

I continued holding because I (foolishly?) thought the land was good and they'd eventually work out how not to *#&@ wells up. After the recent duster I held simply because the liquidity didn't allow selling (I put a sell order in for about a quarter of them then, but it wasn't touched).

I usually jump out of companies fairly quickly on bad news, take my loss and go elsewhere. I'll probably end up regretting not dumping what I could for 4.5-5c this morning :P Bloody PYM :P

Seems very risky now, but hey, it always was very speculative, and management seems to have faith remaining, so maybe it will be a positive story yet. Or perhaps they're just more stupid and stubborn than they should be :P