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25/02/17
10:41
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Originally posted by abctrader
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Bought into BPF nov 15.. Same rhetoric and excuses for the last year and a depleting cash balance. Many of of us paid a high premium for the growth story along with what I thought would be a dividend in the not to distant future. I sold on open today after having a good read of the HY report. I have been a big supporter of BPF but I have learnt that sometimes you just have to rip the band-aid off as painful as it may be. For myself I took a loss of 5.5c a share taking into account a couple of small profitable trades.
The fear of a CR raising without the usual pump was just to much to bare and so I exited. Growth at what cost and again delayed revenues from customers all seems to much for me and the market. When the CFO decided to go that triggered that voice in my head, but ignored it stupidly.
I am annoyed and apologize for being so down in my assessment of the situation but I am bitterly disappointed. I will be in BPF again at some stage either by TA or FA because it owes me money. Dont fall in love with a stock and always consider a stop loss or better yet an awesome profit at + 50c PS.
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