Ann: Monsoon Drilling Update-S2R.AX, page-24

This used to be my mind set/sentiment but looking back it was an excuse of the 'deer in the headlight' syndrome.

The hypothetical scenario I have in mind of course since hindsight is where wisdom lies; With that gap, usually there will be a dead cat bounce, sell into that bounce then wait for dust to settle and come back to analyse I suspect is the better option then being a trapped bull now only with the benefit of time to get to one's more elevated levels. Let's say you bought at 60C on the momentum and taking a paper loss massive hair cut. The SP goes nowhere for the next X years. What happens when you get the first opportunity to break even? Would you reflect at all the X years of drawdown and say it was worth the wait and willing to keep riding the new phase of capital gains or get out and thank the Lord for not giving you a loss?

The alternate scenario, you sold the next day on that dead cat bounce and lick your wounds and wait . Now if the current low is where it forms a base and eventually heads back to your entry 60C, depending where you got out, you could be in front. I am just saying.....