RE:Is Cation still in play?Kizmit, don't beat yourself up on buying into the story... Everyone here also bought into the story at one point as we had confidence in their assets & were expecting a real change in management ( last year, I know I did, and went in heavy during that CATION/ booting SAXBERG ordeal as I truly believed everyone had had enough, and real change was on the horizon).
Being in the same boat (I have a cost avg of 10.75, so you're already in better shape than I), all I could do is watch and hope for either a miracle turnaround, or a hostile buyout were I would have a 50%+ loss... Mircales don't happen that often, so the latter in the most plausible scenario....Given I have no control, I could only now work my tail off FOR YEARS AHEAD TO GET BACK TO WHERE I WAS LAST YEAR to pay for my BIG mistake... My plan is to save as much cash as I can, wait for the next crash/recession to invest only in INDEX FUNDS throughout the bear market and vow never again to go in this heavy into a single stock...
We all make mistakes (hey, it could have gone the other way too, right?), but this was a big one...