All that cash in the bank and they were pre-occupied with how NOT to spend it rather than spend it effectively, as Jayne wanted to do in marketing & promotion.
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As a bag holder at $21.40, I am also still here. Using this as an opportunity to watch and learn - has been really interesting to observe the discourse here.
Personally I'll probably look to top up at some point, perhaps around the $8 mark if (when?) it gets to that.
3 baritone's or 3 basses ....
Lots traded. It was at $4m turnover. I then came back 20mins later and refreshed to see $19m turnover.
A heap keen to sell. And a heap keen to buy.
People are starting to cover their positions
Will be interesting to see what those shorting do today. That's another que to watch. I wonder whether they have been exiting their positions or doubling down. Guess I will find out next week.
I sold most my position this morning at a loss of 15 percent.
I mainly purchased this on the back of morning star analysis. The contrarion in me decided morning star cant be wrong about every stock. Haha but looks like they proved me wrong.
I kept 300 shares just for curiosities sake. I think that's the biggest loss I have ever turned from paper to real. It definitely hurts but serves me right for investing in something I had no real conviction for or insight into.
"I think that's the biggest loss I have ever turned from paper to real"
...lived to trade another day.
under fire.. the only way to go...
This is pretty much my exact story but it played out on the 2nd downgrade and I sold the lot. I moved the funds to other stocks and made back the loss plus heaps more.
If like you say you don't have any conviction you'll feel much better for flushing the dunny and moving on IMO.
If you like A2 and believe in the company you will be content with holding and buying more.
Be Greedy when others are fearfull...:t_up:
Warren Buffett.