RE: Dumped my shares today Well said.
I am sure everyone feels the same way.
I am sure you have followed this board and have heard my opinion before.
Sheldon and the people at PMI will be very happy when they read your post.
As everyday passes I get more concerned that they are not even going to give us a $1 a share
Sometimes you just have to move on.
I did the same thing with NRI in June after holding it for 12 years and losing more than a $100,000
(And I am not a rich person. That stock was bought over a 10 year period. A very good example of "don't average down". You will just turn a small loss into a BIG loss. My biggest concern was it would go up right after I sold. I sold at 8 and 8.5 cents. It's trading at 6 cents).
Two months later and I feel great that it is gone! I don't have to worry about it. I don't have to see it on my statement! And I don't have to read the BB (unless I want a chuckle).
I hope you will feel the same. And I truly wish you the best and hope that your next pick is better than MDG.