Replies to post #77230 on Sino Agro Food Inc (fka SIAF)

[Traderfan]

Yes that day was extreme, these chinese small caps can be quite volatile.

[mauiguy2]

The stock opened at 99cents and rose to 1.01. I said to myself "Maybe if it stays above a buck I'll hold it." It then dropped so I wanted to get out at 98cents. It just dropped and dropped. It went past 98cents. I put in a limit price at 95cents but it just moved away and kept dropping. I then waited for a intra day bounce that I thought would come. I searched for news. It just dropped. I got some out at 87cents. some at 81cents and some at 76cents. It was brutal. I thought the company declared bankruptcy. I just wanted out.

I appreciate/respect your honesty, VJ. Not many investors/traders would publicly admit to such a blunder on a message board, especially when you're relatively new to a board. Most people just want to talk about the great moves they've made. But, the truth is that all of us have made a lot of blunders. The key is keeping an even keel, learning from our mistakes and moving forward a little bit wiser.