Originally Posted by
BlackPeter
Please accept my condolences for your loss. I recon most of us went through a similar experience one time or another - my biggest loss was when I was holding CBL shares (roughly 10% of my NZ share portfolio) and the company got shut down by the FMA. Apparently some crooks on board. 100% of my CBL investment gone, but who knows - the courts might return some day some cents in the dollar.
Just mentioning that to show you that the investment game is inherently dangerous, never a good idea to put all eggs in one basket.
Where to go from here? I don't want to discourage you, but it is hard to make money with trading, even if you understand your trade. So - if you want to get some of your money back with trading ... good luck, but I recommend you first learn more than just how to establish the first resistance level.
If you want to make money with investing - this is easier, but you should not put your expectations too high. I am targeting for my investments a long term average of 8% (after tax) using a quite diversified portfolio - including some hedges (which hold the earnings back in good years, but protect them in bad years). So far I reached my long term targets (despite losses like CBL, which I have fully written off - s. above). Obviously - it would take this way many years to recover a 70% loss like the one you are describing. Ouch.
If I would be you I probably would first take my remaining money out of A2. Sure - they might go up again, but than they might not. Something like playing in the casino, not good to do with money you can't afford to (or don't want to) lose. Will they reach their previous hype driven heights? I doubt it.
Pick a diversified portfolio out of solid companies with good boards (no, not A2 ;) ): and watch them growing. Want to find these solid companies? That's the ones who have proven over time that they can make money, they are typically less discussed in these forums and normally (over long periods of time) considered to be too dear. Easy to find :):