I logged in today after my first client was finished and saw that BAL was down 42. I thought, that's quite a fall, then I realized it was 42% - sweet Jesus.
I've traded this more than any other stock, last time was early this year. Many people will be down tens of thousands now (no stops etc).
For me, this is a fabulous lesson and I suspect that a lot of the fundamentalists get caught out in this: it doesn't matter what you think, Ms Market is always right. Not going to look at the thread, but it'll be full of the usual class action/manipulation/someone should do something stuff.
With the start of my SMSF looming (update coming soonish @Cabbie and @Mike B ), I am thinking long and hard about how to approach this. I doubt I'll be holding any stocks for 12+ months, but we'll see what happens. I would expect to be stopped out before the 12 months are up (unless I latch onto one which is in a steady increase). Fine with me. Happy to pay some extra tax on a profit.
As @Trees bangs on about - protect your capital.
I doubt this is the bottom for BAL. Will probably take months to recover.
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