"Melua - if you are so convinced that BBI will go to 20c, then why aren't you selling your 700k at a 20% profit rather than waiting to take a 25% loss before topping up?"
As it turned out, I was right in saying BBI was headed for 20c when it was 29c. In hindsight I should have sold and bought all back at around 21c/22c but as I said, I could have been wrong. We can have a view of where a stock price is headed, but we also have to be aware that our view get be wrong. That's why I did not sell at 29c......just in case I was wrong. I hold 1M BBI now at 24c average and am more than happy to hold for 2010. Of course, if they get to 50c in the next 12 months I will probably sell half my holding and have the other 500,000 BBI riding for nil cost.
BBI Price at posting:
20.5¢ Sentiment: None Disclosure: Held
