Originally Posted by
BlackPeter
Hi Miner, I know - reading balance's posts can be painful ... particularly if you own shares which are high risk and consistently trending downwards over a long time. He makes it just that bit more uncomfortable to keep the head stuck in the sand.
On the other hand ... I find his comments often a useful trigger to review the respective holding - and personally I found it in several cases difficult to justify to myself afterwards to keep holding the respective stocks - i.e. some of his comments in the past have been for me a useful (i.e. capital saving) trigger to sell out (PEB was one of them, CRP prior to the EPA decision another ...). Thank you, balance.
I have no issues with his credibility ... and as indicated, taking notice of his views did save me money in the past. Maybe he is not the most polished appraiser of dodgy shares, and yes - sometimes it appears he has the urge to repeat his views maybe once too often, however ignore him at your own peril.
I think he certainly brings some balance into thread like this, which used to be run by (for whatever reason) uncritical "fans of the company" ... no need to question his credibility.
And yes - I have as well my views about directors who sell (based on their better understanding of the company and the respective environment) hyped up shares ... and afterwards recommend to other shareholders to put money into the same company without contributing for themselves. All of PEB's directors are on my never-again list.
Seriously - would you condone the behaviour of the PEB directors? Sure, I suppose they didn't break any law, but are these really the people you want to look after your money?