You seem well versed in spec share volatility, yet you've gone 'all-in' with another volatile young stock and also gambled all your profits of the past against a LoC for same stock?! That sure is asking for trouble, but each to their own. Ever tried blackjack?
40% drop is nothing unusual short term with stocks of this calibre and stage of cycle .. playthings for the big boys. You seem experienced enough to know this though? Intriguing. I said I put a chunk of my SMSF property sale into it....well, 12.5% to be precise. Still chunky for me for 1 stock - I am a non-all-eggs-in-one-basket type of human.
Hope it all works out for you in the end though. Is only a matter of time, but sounds like you may not have that luxury?
ps No accountant advised me and I've given up financial advisors for life.
SYA Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
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