Javman,
The best advice I can give you for the future is never invest more than 10% of your money into one stock (especially a high risk stock) as its not worth risking putting yourself into financial strife.
Yes its great when you here of stories of people investing most of their money into one stock and they make a fortune out of it but the reality is that most of the time that doesn't happen.
I do feel very sorry for people with limited financial experience who read some some of the blatant ramping that goes on with all small stocks and they invest most of their hard earned money into one stock based on what some posters are saying.
Most of these rampers are constantly buying and selling the stock so for them they can still make a decent profit even if the share price falls significantly.
I really wonder how some of these rampers sleep at night knowing that the money they have made often comes at the expense of people who have worked all their life and have invested most of their super into the one stock based on claims they have made on these forums.
Having said that I do think AVZ is worth a punt at current levels as long as you only put in what you can afford to lose.
I do think a takeover bid is now likely but this is a highly risky stock so you need to be cautious.
AVZ Price at posting:
4.1¢ Sentiment: None Disclosure: Held
