Luckykoda, good post.
My story is I'm averaged into NLEF around .60, but I am not disappointed with the breakdown of .50 as a bottom in the last 24 hours.
Self-deluded bagholder?
Last year, I stopped out of a number of fundamentally strong stocks at points I was sure represented key support levels only to watch them take off after I sold. I have since gotten my share of the educational process due the independent investor: the psychology of a bottom breakdown, the subsequent selling, the accumulation of shares by the fundamentals crowd, and the following run up on fundamentals and tightly held long shares. So nowadays I ask myself only two questions- (a) If I were out, would I be getting in at these levels? and (b) What do I think of the growth fundamentals?
In the case of NLEF, I think we need a good shakeout and capitulation. Let's get it on! Let's buy the shares as cheaply as we can. Let the weak longs sell to us.
I'll be selling when my NLEF shares have something substantial to the left of the decimal point, and until then, will buy them as I am able.