Originally Posted by
couta1
There was an article in the Herald today titled, Dont retire poor-How to avoid hardship in your twilight yrs. My first thought was dont invest in the A2 milk company as it has been one of the greatest examples of wealth destruction you will ever see, great for the few early investors but between the current price and $21 some serious damage has been done to punters financial status to varying degrees including instos like Blackrock who bought around double the current price plus some. Manipulating/gameplaying instos like UBS and Citi have probably done pretty well with their shorting operation but the vast majority have been losers for sure.
I sold my latest holding after reading the report(Yes for a good sized loss) I thought it was the most uninspiring/flat/ stale old cracker report I'd read in ages.
Holding and waiting for a T/O was the only reason to keep holding and I decided against that as it will probably never happen but might be wrong.
Of course go big or go home types like myself go down hardest but it is what it is.
I don't know where the sp is heading over the next year but its road back to $21 I doubt will ever happen, should get back to double digits if things go well but as one of the most staunch holders/traders of the stock since 2013 im out for good, even my extremely frugal lifestyle is no match for the damage this thing can do.