BAL is really in a bad position:
1. Hopeless SAMR pending approval
2. New China CBRE rules may shutdown on-line trading entirely
3. New competetor: Nestle has introduced new organic IF in Australia, similar price, better packing and better nutrition.
4. Slow sales in Tmall shops
5.Voltile macro economy and global share market correction, particularly there is another rate hike by FED in December
I have brought BAL since last October, and never sold. Witness the price increase from 12 to 20+ and drop to current level. I dont know why I am still holding. The rational tells that I should sell to aovid further loss however I don't know why I am still holding.
I do have doubt is it appropriate to hold BAL for long term?
