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You've got that right.. but unfortunately you're in a lot deeper than I am. I went in at the 2nd time when all the magazines were going "boohoo this stock is undervalued its a good long term" when it hit the then rock bottom of $3 26.

Personally I am not selling my parcel, as I only have 600 shares and I am willing to risk it capsizing for the possibility MXG might get back to its feet in a few years time. At the very least the first few panic sells at $1.90 seem a bit rich.. perhaps. Or they might be right on the money..

On the other hand, your situation I don't know.. I guess it depends on whether you absolutely need the money and just take the loss (I see bids at around $2 a share) or hold out and risk the lot.

What can we do but take it as a very expensive lesson - do the research and don't put all your eggs in the same basket. The irony for me is, I'm learning this at uni right now (yes I'm 20 too!) "Diversify = Less risk", and it just proves that nothign wakes you up to the real world like a slap in the face (with chain mail).

<blockquote data-quote="Jikx" data-source="post: 12928" data-attributes="member: 1219">You&#039;ve got that right.. but unfortunately you&#039;re in a lot deeper than I am. I went in at the 2nd time when all the magazines were going &quot;boohoo this stock is undervalued its a good long term&quot; when it hit the then rock bottom of $3 26. Personally I am not selling my parcel, as I only have 600 shares and I am willing to risk it capsizing for the possibility MXG might get back to its feet in a few years time. At the very least the first few panic sells at $1.90 seem a bit rich.. perhaps. Or they might be right on the money.. On the other hand, your situation I don&#039;t know.. I guess it depends on whether you absolutely need the money and just take the loss (I see bids at around $2 a share) or hold out and risk the lot.&nbsp; What can we do but take it as a very expensive lesson - do the research and don&#039;t put all your eggs in the same basket. The irony for me is, I&#039;m learning this at uni right now (yes I&#039;m 20 too!) &quot;Diversify = Less risk&quot;, and it just proves that nothign wakes you up to the real world like a slap in the face (with chain mail).</blockquote>

[QUOTE="Jikx, post: 12928, member: 1219"] You've got that right.. but unfortunately you're in a lot deeper than I am. I went in at the 2nd time when all the magazines were going "boohoo this stock is undervalued its a good long term" when it hit the then rock bottom of $3 26. Personally I am not selling my parcel, as I only have 600 shares and I am willing to risk it capsizing for the possibility MXG might get back to its feet in a few years time. At the very least the first few panic sells at $1.90 seem a bit rich.. perhaps. Or they might be right on the money.. On the other hand, your situation I don't know.. I guess it depends on whether you absolutely need the money and just take the loss (I see bids at around $2 a share) or hold out and risk the lot. What can we do but take it as a very expensive lesson - do the research and don't put all your eggs in the same basket. The irony for me is, I'm learning this at uni right now (yes I'm 20 too!) "Diversify = Less risk", and it just proves that nothign wakes you up to the real world like a slap in the face (with chain mail). [/QUOTE]

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