Badger,
You plainly stated "I have a friend who purchased way too much of this stock even though I believe I laid out some good reasons to wait. When results came out I felt sick for him". ...Hmmmm maybe that person believes in SLI.. ... ( I'm guessing that your advice was not followed) "Anyhow, over a month ago, I encouraged him to cut his losses in the $1 to $1.10 range... "I told him he can make a decision ( you let him/her make their own decision, I'm impressed) - wait, with crossed fingers on drill results or get some capital back now."
I am not "twisting" your words but merely quoting them..
The moral of your post is...
Your friend did not take your advice. He/she made up their OWN mind with their OWN money and their OWN decision and you had no say in what he/she decided because maybe that particular person believes in SLI.
See it only goes to show you through your own words, He/ she did not "follow the leader." I'm guessing at this point you considered yourself a leader and did not get followed..
IMO
max1