I have owned BRN for more than 2 years, I like the theme. But I...

I have owned BRN for more than 2 years, I like the theme. But I sold out into the strength;

My reasoning was when the SP had run up so strongly and have been burned so many times like me over the last 20 years you learn that the excessive momentum needs to be supported by predictable underlying fundamentals. For me, the SP collapse was almost an certainty because an "ïf" is not a substitute for revenue, EPS or guaranteed supply contracts.

It is my personal opinion that the speculators who invested purely on herd mentality are now dumping this stock because the herd has moved on.

I am happy to own again when there is some SP stability. Normally whilst I note the technical indicators, they are not a significant influence on my decision making. But in this case, they indicate my buy-in price is likely to be well South of the current SP. In this case, I also think these indicators may be correct.