going nowhere

Ouch, what a dog of a stock. With brilliant timing, our SMSF bought at .95c for the dividends just before the impairment charge. We exercised the entitlement rights to reduce the average cost, but with the current SP at .48 this is looking dubious. We stick around to avoid cashing in the loss and to get a laugh out of what happens next. Our comfort is that the SP can only fall another .48 maximum! Interesting to note that no-one even bothers to post in this forum these days.