This price retreat used to be the kind of thing that really upset me Xqby, but as @happydayz said, the market overall is down .... and who knows where that will go next?
But in terms of a ‘micro’ company view, it feels to me as if Bingo fundamentals are strong despite the broker downgrade, and the future in waste management/recycling is only going to get bigger and brighter .
I was reading on the weekend about waste management in other countries ... particularly Taiwan.
In Taipei people must take personal responsibility for their waste including sorting it directly into musical rubbish trucks (even raw and cooked food is separated ) and they pay ‘as they go’ for disposing of anything non recyclable . https://www.buzzworthy.com/taiwan-garbage-disposal/ https://www.japantimes.co.jp/news/2...-looks-taiwan-recycling-pioneer/#.XUe4IMo_Xmp
I am not sure we will see that level of control any time soon in Australia, but waste management is definitely big business.
...Also I like Daniel Tartak being in charge . There are not many companies where the leader has a long term connection to the business, knows it from the ground up, seems able to stand his ground against the opposition and has clear vision for the future ....
So, rightly or wrongly, I ‘feel’ any share price weakness is a chance to acquire more ...
That being said I’ve learnt, from experience, to act according to trusted technical signals, even if it means taking a loss.
