gesowan wrote:@sparky 18 and rights 14 still hanging in on there "but hope is not an investment strategy"
@gesowan true hope is not an investment strategy. OCH had a lot of lofty promise with their south african investments.They should have delivered a windfall from selling tiles in the 2010 world cup construction boom but they didnt. Instead they made serious losses and announced bankruptcies. The Co has been returning negatives returns to shareholders and fundamentals are very weak.
It is surely time to swallow the bitter pill and move on.
If you dont set targets, it is hard to admit a mistake and sell a hopeless position just as it is not easy to take profits in a share that has reached fair value but still rising.
When faced with such dilemma, i sell slowly in lots untill i am left with a position i am comfortable with.
I suggest that you start by selling half of your shares at current price and putting it in a more promising stock.
Life is short. Live passionately.