sad sad day, page-12

I know what you're saying, but .20 to $2 is a 10 bagger, whoever bought it from you would have gotten, at most a 4 bagger IF he/she sold at $8. You still cleaned up best and then had the $ to take advantage of another opportunity. One thing is for sure, these opportunities present themselves all of the time. The trick of course is to pick them but a 10 bagger gives you the opportunity to do this. Continual losses or sub par returns do not, that is my point. As for hanging on, this is the biggest mistake most people make because it is so psychologically difficult to admit that you made a wrong decision. If you don't however, it can be financial death. As Buffett says, 'turnaround situations rarely turn around'. Sounds great in theory...