Yes, it is for this reason I get upset because these mindless idiot uprampers give false hope to others that do not posses the skill to make more informed decisions. It just really annoys me that these others get hurt.
None of us have crystal balls and most of us have to rely on company announcements provided via the ASX and BIG certainly provided many BS announcements. It was the original articles by MF and AFR (mainly AFR) that gave us holders the chance to get out after uncovering the scandalous business practices being undertaken by BIG ,,,, but holders still needed to use some business judgement to read between the lines
some lessons of have learn't in recent times ,,,, and I have owned BIG, GSW and RFG (yeah the trifecta) Lost on RFG big time but got of both GSW with small profit after sitting on big profit and got out of BIG with reasonable profit
1. where there is smoke ,,, get the F out and ask questions later (I held GSW while it was suspended and got out immediately on relist at around $1.25 approx). I used this "where there is smoke there is fire" rule with BIG
2. never have a single share holding that is disproportionate in holding size with your portfolio (This was reinforced to me with RFG). unfortunately for @busybean his biggest mistake by the sound of it, was not investing in BIG but breaking this rule and having a completely disproportionate holding size in comparison to his other holdings.
as @Sojourner said in one his (assuming he is a he) other emails ,,, it is only money and you can recover. just learn from it the same way i did with RFG and you will be better for it even though that does not sound possible now
If you need someone to talk to, LIFE LINE 13 11 14
BIG Price at posting:
$2.22 Sentiment: Sell Disclosure: Not Held
