What happened today is a carbon copy of what happened to GMG three months ago when they announced the deal with the "strategic partner" (MQG).
Same shouting, same whining, same madness...
At that time, GMG's share price fell from 33c to 20c in one day! i was one of those who bought at 20c and i was able to sell it at 45c three weeks later .
I love it when panic is in control, people throw money away and only smart people will be there collecting it.
Non of those who sold today was able to answer a very simple question: What has changed in relation to BBI's fundamentals during the last three days??!! Did you believe three days ago that BBI was able to deal with its debt and suddenly changed your mind???!!!
“Collective fear stimulates herd instinct, and tends to produce ferocity toward those who are not regarded as members of the herd.” Bertrand Russell
BBI Price at posting:
6.1¢ Sentiment: Buy Disclosure: Held
