Just licking my wounds. This isn't the first time I've been hammered for taking a big risk but was a bad day...in addition to this news, my other 2 major holdings had bad days also and a paper loss of 297,560$ today....I am trying to remain resilient and remind myself that there are good days and bad days. The other 2 (MVL & ELN), I've ridden up and down, trying to buy and sell where approppriate Well, just ELN-MVL I've bought and held since 2001). I'll ride this out too. Once it started looking dismal, I thought about selling and buying back but got distracted by some other things going on. Don't think I'll do it tomorrow. I still think that spite would not blind one to profit on the table and that the reason it was defeated so resoundingly was the '114' shareholders wanting a beter deal. Of course at only 14%, not too many of the '504' shareholders voted for it either. My hope of a quick strike profit has gone...I'll hunker down and see what comes. On Friday when the vote took place, was less than 2. Would the "rational" man, turn down 50% on his investment if he didn't think he could do better. I'm thinking there is more to this than meets the eye.
My ego is bruised because i really looked this over before jumping in but apparently, not close enough as there must have been something I didn't see or recognize for this level of defeat...can't believe it was those from before the split thinking they would recover...history (apparently haven't heard of 'bird in the hand'. yes, it was a big gamble (I can't rock climb, fly or such anymore and need the adrenaline suge from somewhere)and losing always stings. if it goes low enough, maybe I can pick up a couple of hundred K more shares and be in a good position.
Resiliency is the key.
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