Stop losses are essential for me, precisely because I get attached.
I have learnt the hard way and have been burnt too many times looking at a companies fundamentals and thinking that it is worth x, compared to what the market is valueing it at.
In those cases I have justified holding the stock to myself even when in terminal decline. These lessons have changed the way I approach it an (hopefully) my objectivity.
I don't know what will happen here, and I hope for all LT holders that it recovers quickly.
If sentiment turns I will get back in because I fundamentally believe in the story. But for now I will sit on the sidelines, if I miss a small profit so be it.
Good luck all!
DML Price at posting:
88.0¢ Sentiment: None Disclosure: Not Held