MOD mod resources limited

my worst mistake on the asx

  1. 4,892 Posts.
    Having bought this stock would undoubtably be my worst mistake ever in 20 years of playing the stock market. Mr Lee and board should in my opinion have been investigated by the ASIC for the way they conducted themselves with regards to this company.
    I recently sold my holding in MOD at 2.6 cents. I recieved $26,000. My holding cost me $140,000 so that was a loss of $114,000 and many sleepless nights and numerous calls to the company to try and find out what the hell was going on. Having been reassured with every call that things could not have been better.
    Any way that is all behind me now. In the same period of time I have been able to trade my way out of the mess I was in. I managed to claw back all my losses backwith just one stock. That being AVO.
    Other stocks that have been good to me include HRR which I still hold. NDO which I still hold and DYL which I no longer hold and was able to make $35,000 on in the space of 2 weeks just last week.
    To all those people that still hold this dog of a stock I pity you all because it is never going to go anywhere now in my opinion.
 
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