BIN bingo industries limited

Ann: Annual Report to shareholders, page-7

  1. 8,688 Posts.
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    After buying in at the last downgrade, I have just sold my position in BIN. A real shame I couldn't get up near the $2.60 mark.

    I've heard a whisper that another downgrade is coming, I consider the whisper quite reliable and that is the basis for me selling today.
    Depending on how the market reacts I will more than likely buy back in should be see another 40% drop like last time.

    I genuinely hope we don't see a downgrade, but after the markets reaction last time, seems like a sensible investment decision at this point.
 
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