Am long, and got slaughtered today. Very depressing. With the...

Am long, and got slaughtered today. Very depressing. With the benefit of hindsight the massive Bearish Engulfing Bar of week 18 Feb should have been a signal, not to mention a double top, with the upper shadow of that candle rejecting the prior high (week of July 28) of $5.28. See chart below.

And if I was permitted to short (which I'm not permitted to do with CommSec), what about it?
People DO have to understand that shorting is a legitimate practice, and stop blaming them, stop blaming anyone (unless there is obvious evidence of corporate malfeasance).

Blaming others for financial loss is not a useful practice, but is endemic to many HC users, day after day, week after week, year after. I've seen it since 2015.
Which is one reason I left the site a couple of years ago.

Oversold?
At this point technical analysis is useless, except for one thing - you have to respect a massive red bar like the one of this week (which is almost complete, the week, that is). This is not a "flesh wound", from which there will be an immediate "V-shaped" recovery.
This fall is based on fundamentals, business practices which have failed (if anyone bothered to read the Announcement).

As I said before, there may be a DCB on Monday, or later in the week, or there may not. If so, depending on where folks got in, it's a chance to get out with reduced paper losses.

Anyone who is badly underwater - as I am - has to understand they are now in defensive mode.
It's no longer a matter of how much you can make, but can you loses less. The pain will still be great, but perhaps less than it is at the time of writing.
SBM - WEEKLY