panick selling / deleveraging ?, page-7

Merve, how wise do you have to be to pick the bottom?
At the start of GFC1, my favourite stock was JML at $1.60+.
Believed in them, held heaps, didnt sell.
When they fell to $1.20, I started buying.......at $1.00 put the house on them. They went down to 8.9c bottom on sentiment over metal prices......... Yeah, I stuffed up bad.
But how do we know SRI wont go down to 2 cents.
During its time at 10c-11c, JML was cashflow positive & paid off $40 mill in debt....but the sp was poop.
Even great, sound, fundamentals wont hold up the sp in a crunch.

GZ