bball I do sympathise, however . . . This was a five to ten bagger for some who timed their exits and entries well. I think it is a matter of perspective. It really sucks to lose money - I know from experience. The recent cap raise seemed to be an opportunity to me to bottom pick to some extent. The gold price has softened. The AUD is cripplingly high.
However QE3 and LTRO3 are just around the corner. Oil/energy has softened reducing costs a bit.
With my perspective of being able to pick and choose my timing, this does look very different to me, unfortunately you are not in that boat. However if this starts to go bad, or not do what I expect - I will bail out very quickly and take my medicine in a big gulp.
Hopefully I don't sound condescending . . . You might want to look at a book (if you haven't already) called trade your way to financial freedom by Van K Tharp. Does not tell you how to choose stocks, but focuses a lot on how to avoid losing money, and how to manage risks. I recommend it all the time, as it helped me a lot, and is quite unique in its approach. It is not just for short term traders, but for investors like yourself as well.
Good luck with making the right decision (without the baggage of losses affecting your thinking - not easy) with this one.
IGR Price at posting:
30.0¢ Sentiment: ST Buy Disclosure: Held
