Up or Down ??, page-5143

After market orders 'left in the market'. 780k of bid orders vs 6.6m of sell orders.

You can't make fools of a muppet twice (including me, I am one of those muppets !!!)

The market is coming to the realization that Stokes will never operate SWM for the benefit of ALL shareholders. Only to serve his Seven Group Holdings.

Kiss good bye to any near term future dividends with the raid on A1N.

Its going to be more of the same.

And for us 'value' investors that like to spend time looking at value vs share price. Its a complete waste of time for SWM. Our strategy only works when the company at least 'theoretically' acts for ALL share holders.

I dumped 70% of my holdings in SWM a week or two ago (I forget, I am always entering and existing positions).

But for me that most important and valuable commodity of all: TIME is being wasted on using brain cells evaluating SWM. I am only a tadpole I cannot influence anything, I cannot dictate to the board. I have to invest when board thinking is around mine.

As a tadpol investor you make money two ways:
Dividends and share price capital growth.

For SWM dividends are zero, and now with the raid on A1N, SWM dividends are going to be zero for much longer.
So no dividend income for me!!!

The second is share price growth:
But again this gets blown up, a 19% raid on A1N means less money for buy backs.

We are being played as muppets.

I copped a loss on selling a good portio of the portfolio holding at around 27c, I wasn't happy doing it. I hate selling when I see percieved value.

But at least SWM can't hurt me much anymore. SWM holding relative to the portfolio is small enough that future price movemens do not effect my portfolio much.

A sad post from me. I don't like crystalizing losses when I can avoid it, and I definitely dont like crystalizing losses when there is clear theoretical value.

That's why, on my confidence, side I run a scatter gun portolfio, lots of positions with each position not too big

At least on gain a small degree of satisfaction that Mr Tax man will have to partially reimburse me for the loss.