You did the right thing. Investment in China is a long term investment. Eventually most stock will go 100% higher or more. The country was in all kind of Wars for more than hundreds years. It need another hundred years to build up and develope into the 22 century.
No, you are not. Indeed you are in a much better situation than those who bought over $10. I just bought too.
What you did on DEER is just like what I did on XIN, which is getting ridiculously cheap (thanks to the manipulation by MMs and fears from weak hands. XIN, priced at $2.81, has $4/share in cash, and a forward P/E of 2.83.