Credos to Baraka, PerthFX and Veecat who all loudly proclaimed...

Credos to Baraka, PerthFX and Veecat who all loudly proclaimed the dangers.

One small point of learning, one guy (I forget who he was & no offence to him) said he was doubling down and time to show that he had big balls...That's really not a sound way to approach investing, you've got to treat it as a business, analyse things without emotion and take calculated, manageable risks.

As for myself, I lost nearly 5% of my SMSF (sold prior to the death knell at least), I'm still in the accumulation phase so its not a catastrophe but I would reflect that (1) I didn't pay enough attention to the risks in this sector and company & (2) should have sold out on a stop loss basis, I didn't 'get around to it' and suddenly it was in the Trade Halt. Hope others can learn from these points and their own mistakes.