Yes I agree. I guess the key is to try and minimise the...

Yes I agree. I guess the key is to try and minimise the "horrible losses" and the only way to do that is to cut losses quickly....for example at a defined %. However, if you don't use that sort of strategy then you have to make a hard decision and draw a line in the sand in terms of "future returns" and sell (crystallise the loss) if you expect that you can get a better return from another share.

I also agree about SGH being a good performer by this time next year.....it is a pretty good risk:reward play. I reckon a good approach will be to pyramid up (adding to overall position) as the SP rises as per example: http://cadencecapital.com.au/wp-content/uploads/2015/04/staged-entry-and-exit-points.jpg