My reason for be so harsh is to counter balance the completely unfounded and outrageous optimism. I trade this share at times. Have held and made money. Then got caught, which was fine. I was still ahead. Then I thought never hold again for more than a few days. I have knowledge of the food packing business and am extremely familiar with all the equipment and processes.
I watched many people. Many....say "topping up!!!! Averaging down, got in at $11....back to $20 in a month!!!!!! SAMR SOON!!!!! YAY!!!" etc. I suggest read my posts carefully. I have not been involved with A2, so won't comment. But to mention CSL just processes plasma....GET OUT OF TOWN!!!!!! That is the most outrageous and unfounded comment on this thread, bar none. Coca Cola actually make their product from scratch and have such global attraction, and reach, it cannot be denied, GET REAL!!!!
It is very unlikely, that Bellamy's will recover in the foreseeable future that $20 a share will occur. If you take the time to look at posts n another thread I do not like people throwing their money at something, that shows little respect for shareholders.
I am a pessimist and not a gambler. If you are looking to hold now, its probably ok, probably, unless more major mistakes, which have been well cashed in on by the shorters, are made. Not out of the question in my view.
For goodness sake just go back and look at the unfounded comments. Probably take you an hour. Not sure what your time is worth. But I'm sure a bit of entertaining reading, that costs an hour of your time could potentially make or save you money.....then that's a smart investment. Also look at macro aspects. Not on what was. Politics, trade relations and global competition.
I worked hard for my money, and enjoy following certain companies. This is one I have followed. I'll be back in for a day or two soon.
BAL Price at posting:
$7.96 Sentiment: Hold Disclosure: Not Held