Fair value, page-13

Can appreciate where you are coming from. We have a small MXC holding, a toe in the water if you like. Because the monetary value before Fridays jump was not high, the losses were not high. But I've thrown out plenty of other stocks after a week or a year when they tread water or start to rack up quick losses. Generally I've made money elsewhere. Among those tossed out were CSL @ $65... they treaded water at this price for nearly 12 months at one stage.

If a cheap stock jumps in price, then with hindsight you can never have enough. The choice in my mind is to average up. Or sell half so the other half are free. But if you get into a serious 5 or Disallowed then IMHO the only real way to make money is to hang on.