I agree with your sentiment, but unfortunately the only ones...

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joeinvest

49 Posts.

21/11/14

13:49

Post #: 14330492
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Originally posted by danhoff ↑

I complain a lot here, but I have put actions to my words. I am slowly getting out of any and all ASX shares. BDR are my biggest holding left, only about $20,000. But once the Q4 is released (well, right before actually) I will sell half.

I will let my $10k (maybe worth only a cartoon of beer by then) sit there forever. It will give me finger pointing and 'I told you so' rights to the management.

I am completely tired of the ASX and the joke management and boards are across all. Maybe a few really biggies are worth a punt, as they really are too big for a few mates to share info, and clean out the retailers. But for any company below a few $billion, it is an insiders / mates game. You can be lucky to get in front of the insiders, but only via luck. No matter HOW the shares trade, you are the last to know. If the share crashes, you will be last man out. If the share skyrockets, you will be last man in.

One 'could' buy a share then not look at it for years. And let the ups and downs be left for the insiders. But you will know whatever price you buy TODAY is already tainted. Only years of holding will water down the taint.

But, again, even holding for years, the ASX management and boards think your money is honey pot / donation for them to live the good life. That is just how it is. And it will never change. And it will only get worse. I am about 60% cash, and buy the end of the year, I hope to be 80-90% cash. The the whole thing can crash and burn and take all the criminals down with it.

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I agree with your sentiment, but unfortunately the only ones that crash and burn are the ones not in the know.

BDR Price at posting: 23.2¢ Sentiment: Hold Disclosure: Held
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