What's your biggest single stock loss?

[Nicks]

I lost a lot on Sigma. Disappointed with the under performance of Sigma.

 

[Muschu]

OK who are the smarties who answered 0%? Either they've never traded or are natural born geniuses and zillionares. Consultations available?

 

[bryaneasy]

Yeah those are some big losses, but I think a man's strength is tested on how quickly he can get back on his feet again - and it will happen It is just in human nature to do so. Sadly I do think the stock market is finally coming into appropriate levels of value.

I've lost quite a bit, invested at the wrong time (should of realised a stock market at 5700 was over inflated), probably hitting 13k pure losses , but thats a big lesson for not doing my research before investing.

I had a lot in BBP before the gas island explosion (just bad luck that one I guess) and I listened to some stupid recommendations for PEM and DES - absoulute dud stocks.

None the less I have had gainers AWB most notably, bought at $2.06 now $2.90 plus a dividend.

I bought quite a bit of MRE today at 1.50 they are a stock that I have followed for a long time (when I was 17 years old I liked the stock), they are very volatile but should be valued at around $2 (I think they got hit by the short seller's hammer today).

But not to worry a long-term outlook is always good!

 

[nunthewiser]

lost 100% on NDCO .... was naieve on oppies and expiry dates blessem was a long time back and now im a superstar

 

[Wysiwyg]

Largest loss, $24000 on Tamaya Resources which elected to fold up at the depth of the GFC. Dumb for holding when it kept falling. Didn't think the market would be so cruel but really, it doesn't care about anyone's welfare. Hardened up somewhat from that nasty experience and learned the value of cutting losses before they get out of hand.

 

[Triathlete]

Hardened up somewhat from that nasty experience and learned the value of cutting losses before they get out of hand.

A Trading rule everyone should use in there kit bag!!

 

[Miner]

AGO - expecting $23,000 loss

 

[Value Collector]

AGO - expecting $23,000 loss

Only $23K?

by what you were writting in the Ago thread I thought you must have lost a couple of hundred K.

You will recover from that in no time $23k is nothing, think of it like a speeding ticket, learn you lessons and move on.

 

[jbocker]

I looking at around $20,950 from ILH / IAW.
Hip.. Hip... for backing Lawyers and ex pollies.
.. and for stupid investing decisions.

 

[Miner]

Only $23K?

by what you were writing in the Ago thread I thought you must have lost a couple of hundred K.

You will recover from that in no time $23k is nothing, think of it like a speeding ticket, learn you lessons and move on.

Dear Value Collector - I sold off most of AGO shares at 80% loss and balance left as dead scrips. I did not count that loss amount in $23K to prove I am a super idiot. I never hinted couple of hundred $ as loss towards AGO . Kerry Packer used to loose millions in casino and was nothing for him. But some Tom Dick and Harry losing few thousands on gambling when they are not seasoned gamblers would be great loss. I gambled in Las Vegas casino and only lost $1000 and was great loss for me because I am not a gambler. AGO was most expensive gamble the way it now looks but let us call it a day.

Don't know about your resistance level or financial capacity. Nether want to know. By just sharing my frustration in ASF forum did never mean I was asking for any one to shed tear for me either.

For me AGO loss was significant specially when I should and could have arrested it. I hope we have to consider that not every one's risk taking capacity is equal. However as a gentleman I never sprinkle salt on mine or others wound .

Thanks again. I would not participate in any more AGO topic as I already stated that I am moving on.

 

[So_Cynical]

Only $23K? - $23k is nothing.

23K is something, if its nothing to you please consider the reality of many many people, Around 70% of the world population has a net worth of 10K US or less.

I looking at around $20,950 from ILH / IAW.
Hip.. Hip... for backing Lawyers and ex pollies.
.. and for stupid investing decisions.

ILH / IAW = $4200 for me, maybe im just spreading my finds thinner...holding 35 stocks across my 2 portfolio accounts, Super would be another 20.

 

[Value Collector]

23K is something, if its nothing to you please consider the reality of many many people, Around 70% of the world population has a net worth of 10K US or less.

I understand it may be a lot to some people, I guess it just doesn't seem much to me because my portfolio fluctuates more than that on a daily bases, probably twice a week I log on and my account can be up or down more than that.

but my main point was that it's not something that you can't come back from. I mean it's not like it would wipe most people out, it hurts a bit offcourse, but in time it's a speeding ticket.

 

[jbocker]

ILH / IAW = $4200 for me, maybe im just spreading my finds thinner...holding 35 stocks across my 2 portfolio accounts, Super would be another 20.

I am more heavily invested in a few ASX50 stocks, but ILH/IAW was one that I added to over the years since IPO. I didn't dream of a bunch of lawyers going belly-up! If I should ever need a lawyer in the future one of my first questions of their CV will be, if they were ever involved in this 'integrated group' in any way. If they were I will recommend them to the opposing party - they will be sure to lose.

I am holding about 25 stocks.

I have a couple of others potentially kicking my bum. WHN being one, I think about 15 000, and CFU for about 5000. These are offset by 22K (+divis) as free-held stocks. Freeheld are those bought and sold and kept the profits as shares. It was one of my earlier strategies, it is like having placed money in the bank and withdrawing it, but afterwards you still get some ongoing interest.

 

[jbocker]

I looking at around $20,950 from ILH / IAW.
Hip.. Hip... for backing Lawyers and ex pollies.
.. and for stupid investing decisions.

It would be very remiss of me not to state what I have learned from this 'lesson' since I have paid +20K in tuition fees.
I have now have what I call the 'Shepherd's Rule'.
when the stock has been mauled by 10% then its Time to Get The Flock Out of Here!!

 

[luutzu]

paper lost don't count right?
If the lost is big enough, it's "I'm in this for the long haul" for me. haha

---
Lost some $17K on ABC Learning.

Man, I work so hard with so little capital, did quite well I thought but weren't enough quantity-wise to write home about... so better get a real job.

Saw nothing interesting and read about ABC... all those "sophisticated" investors piling in, including the Singaporean sovereign fund... and it's a childcare centre operation right? How really bad could business be?

But lucky I put the rest into BHP and RIO, haha... genius.