Smoke, Mirrors and Half Yearly, page-72

yep as I said in other posts I was selling down due to a high portfolio weighting but I still thought it was a buy at 1.50 if I didn’t own any shares (if one had a high risk tolerance and wanted to follow momentum). I sold the last of my shares at 1.25 after the jb fiasco because the stock is priced for perfection, and to me there are too many question marks for a stock priced at 30x arr. I also tried to compare bid to evs as both have similarities, consequently bid has lost 50% and evs is up 100% yet the arr metrics are still way way higher for bid. 

my point though was about the misconception from john about the stock price and consolidation rather than trying to brag.