Originally posted by prosperity
I agree that BAL has been a disaster for all holders. I am down $5k in a few weeks.
2/3 of its value wiped in 8 months.
Bad outlook for FY19, except less than 10% increase and a downgrade at the HY.
Why am I holding this dog? I feel stupid for taking the punt on this one, but on a positive note A2M must have taken some of BAL's market share and we should see a positive AGM on 20 Novemeber.
Fingers crossed for SAMR for BAL or we can expect a sustained downturn.
You've got the stomach to back a company, who's growing SP was seemingly reliant on doing business with China, but are worried about 5k over a few weeks in the current geopolitical and equities climate? That's like taking a trip to the Wild West with a fear of Colt and Remington. You'll be fine, Prosperity!