Hello,I am an author and an investor in two companies run by...

Hello,

I am an author and an investor in two companies run by ex-FMG directors. One of these companies - Sirius Exploration (AIM:SXX) - has installed FMG's former CFO Chris Catlow as its Chairman, and recent news developments suggest that Catlow may be trying to replicate the Fortescue model but for potash. This, naturally, has got investors fairly excited, and there is the very real prospect that this minnow could be turned into a giant (just as FMG was).

Everyone dreams of taking a penny stock (or single cents stock) and holding out for dollars, or tens of dollars. I imagine it takes some serious nerve and unwavering belief in the company for a PI to hold out for what might become 7-figure gains.

To that end, I'm interested in the views of anyone who might still be holding FMG from a position taken in 2003/4, or who at least held out for the highs from a sub 10-50c average.

How did you do it?
What stopped you taking profit when it doubled/trebled etc.?
Did you trade the share on the way up to improve your holding?
How did you cope with deramping on these boards?

I'm very interested in the psychology of this, and the tactics that private investors employed to realise true, life-changing gains.

Apologies for interrupting your current discussions, but any replies would be gratefully received. I am considering writing a book on the phenomenon of 'holding out' as almost no investment literature covers this. I hope it'll be an entertaining read.

Thanks in advance for your help.