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Chandler is a very smart man. Like all men, he made a mistake. he bought his shares at an average price around 6 or 7 dollars or so the rumours say. You think he planned for the stock to be halted at $1.38? 75% is lost on paper... That's a fact too. You think Paulson is a dumb person? He told everyone he believes in TRE , and then sold his shares next day...Smart people make mistakes, thats just life. No one ever batted a thousand, or close to it.
I got a question for you..Have you ever owned a stock that just flopped and died, no matter the reason? A stock where you lost 100% or near that? I have, more than once I hate to say, but I've learned from those experiences, and I know that it's gut wrenching to experience that, but its a part of investing and capitalism. As long as I continue to invest and gamble on the market I will continue to make some bad calls and lose. But as long as I dont bet too much, I should be able to diversify my risk and avoid having to live and die by one stock.
I use the word bet because that's what it is in this scenario. Here's another fact...Sino never made a profit in its entire existence...all money came from investors. In my book, when you buy a stock which is only 'expected to make money some time in the future' that is a bet.