forge appoints administrators, page-72

I wish all holders the best of luck. Nothing is more precious than life and I hope none of you are thinking of anything drastic in that regard, regardless of your financial position. Keep your heads up.

I will admit I thought of putting in at the sub $0.70 too, and would have probably gotten out in the last run up given my greedy nature to cap profits. But if I hadn't, I too may have seen a similar fate. There is however several reasons why I didn't get in, and I think it is a lesson many of you will have learnt -

I've been burnt with dog stocks before, and a dog stock they remain. Many bought in for the quick gain, and they will ofc have to be ready that they are essentially gambling or could lose their money.

For those who bought in for the long term, your views are your own but IMHO a stock which has been hit hard and down for all the wrong reasons, as oversold and fundamentally great as it looks, has more reasons to go more pear shaped than an undervalued company that has been mispriced due to macroeconomic factors, general sharemarket sentiment etc. In this case Forge was clearly in the craps with overblown costs, potentially bad disclosure, forecasting etc.

It should have been red bells to stay away. I definitely agree that no one should be all in on a stock without a very, very tight control and knowledge of the company. I would play say a cochlear, which was hit today, because the chances of it going bust overnight would mean something super super, super extraordinary happened.

Meanwhile a company hanging on its lifeline e.g. without ANZ maintaining its support late last year, would have been in the shits, is a company that potentially coudl go broke overnight. And here it is happened.

I don't mean to rub salt into the wounds but hope that this at least provides future insight and we all learn from our mistakes. CFD's are a sophisticated investors game - that's what the big boys tell us, and if that's what they say, then as a retail investor I'll listen. It's not always true, but Im sure for every 1 sucessful retail derivatives player, another 5 or 6 fail in options, CFDs, forex etc.

In that account having $300k in derivatives on a company that had received such a bad downgrade in the last few months was essentially gambling. I hope you have a guaranteed stop loss in place, but if not, and it's possible - get back what you can, and change the way you trade or invest. Remember the aim is to invest, not gamble.

Respectfully stating the above - and I mean in no way to rub salt in any wounds. I've lost alot of money too in the last yr or two, have been slowly getting it back through some good decisions, but I understand the pain, and also the importance of learning from your mistakes, and changing how you play the sharemarket.

Best of luck all.