Been there many times. That's why I try to cut the loss quickly when the stock goes against me. Not only you are losing money and holding a bag, but you also are losing the opportunity to make money on other stocks. You have to admit your mistakes and move on to the next opportunity or get back at another opportunity. Pumpers like Froggy, Indian, and Reality are holding this bag for a long time and now they called themselves "long term investors." These are the common things that losers called themselves. It makes me laugh.
My friend it's not easy like you think. If you have couple thousand of shares @ $65 and now it worth only $38. what would you do? Regarding to Indian - he's great, very knowledgeable, and I like his investing style. If the time is right, he will be Warren Buffet number 2.