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Bagholding789

3,304 Posts.

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27/11/15

12:48

Post #: 16493887
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Originally posted by DropBear ↑

$1.98, 5 fig loss, margin call taken care of. Now just gonna sit and wait. Stress decreasing a little, still confident in SGH's future and a slow claw back. Sleep deprived!! Actually really hate having to constantly watch the trading on this to see if I will have to defend margin call again. Certainly take some blame for letting myself be overexposed but do really feel exploited as well by the shorter strategy. I saw someone suggested that Quindell knew this gov regulation was going to be suggested prior to selling SGS and that makes sense to me. My sentiment is that if the proposed gov reg changes even happen well it's priced in and more by now and SGH will have time to adapt, there is plenty of other work out there for lawyers to go after.

Lesson learned.. it's the great unknown that really now makes me want to have a more diversified portfolio. Even when you fully research a stock there can always just be some unknown bad luck around the corner. Might now consider capping maximum % of any stock in my portfolio to 20%.

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well said...
I said to myself the other day im not going to keep watching this. instead i would focus on other things, but just cant help it, esp. since its so volatile now. Everytime i see the ASX app notify me of an announcement, I am on edge a little...

But as you said, I am till confident long term. not much sleep though.

I need to diversify more, this one broke a lot of my rules.. lesson learnt.

SGH Price at posting: 70.0¢ Sentiment: Buy Disclosure: Held
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