Credos to Baraka, PerthFX and Veecat who all loudly proclaimed the dangers.
One small point of learning, one guy (I forget who he was & no offence to him) said he was doubling down and time to show that he had big balls...That's really not a sound way to approach investing, you've got to treat it as a business, analyse things without emotion and take calculated, manageable risks.
As for myself, I lost nearly 5% of my SMSF (sold prior to the death knell at least), I'm still in the accumulation phase so its not a catastrophe but I would reflect that (1) I didn't pay enough attention to the risks in this sector and company & (2) should have sold out on a stop loss basis, I didn't 'get around to it' and suddenly it was in the Trade Halt. Hope others can learn from these points and their own mistakes.
FGE Price at posting:
91.5¢ Sentiment: None Disclosure: Not Held
