'Patience' has been the investment sin of all SGH holders!
Those that have ignored the signs, bottom drawered the stock, dismissed the warnings, demanded an ever higher burden of proof that things indeed are as bad as the market at large believes they are - these are the true victims of this calamity, these are the ones that have lost the most over the greatest period of time
For those with the good sense to learn - SGH offers the most valuable lessons a retail investors could ever hope to learn in the proving ground that is the ASX:
1. Never assume the stock has bottomed - things can always get worse
2. A paper loss is a real loss - don't pretend you haven't loss money just because you haven't yet sold
3. Don't assume you're smarter than the professional investment community - if the 'smart money' flees a stock en made there's probably a good reason why
Thesr lessons may have costed you more than a doctorate of economics at the worlds foremost Ivy League university. Nevertheless, it could well be the most valuable and useful advice you ever receive about the financial markets (assuming you have sufficient capital remaining to re-enter the fray and recoup what was lost)
SGH Price at posting:
9.4¢ Sentiment: None Disclosure: Not Held
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