Originally posted by Napolian
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?
I'm in the same position as you. Long term holder, actually since 2015, bought at $9, never sold. Saw it go up to 16.50, then down to $3~ then back up to $21... Dont know why I'm still holding on. On the bright side, i bought A2M at the same time for $0.90 which I hold on to.
