And also what happens when people who are very keen to make a point add percentages derived from different bases.
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To me trends are important, they have momentum and when you think a company has already taken a hiding there is often more coming. I made the right decision to exit over $11 pre-announcement with only a fractional loss and switched the funds into FSF. You are entitled to your view as different views make a market, but while the negatives keep coming i dont see ATM as a viable investment
Hardly different bases - 2 points to note:
1. There were many disparaging remarks by many an ATM shareholder here about domestic competition in China when that was highlighted as a risk factor,
&
2. Feihe listed in late 2019 - hence the time frame to compare the performances of Feihe vs ATM.
We can use the comparison base from when Feihe was listed on 10 Nov 2019 - in which case, Feihe has put on 197% vs ATM down 31.5% = 228.5% difference. Even worse! :eek2:
I'm expecting a good caning from Beagle this afternoon. You should recognize me, I will be bent over a chair wearing rose tinted glasses and eating a dozen oysters. A2 was 100% of my portfolio 9 months ago, but only for a couple of scary weeks. It is now only 27% of portfolio. The only shares I have now were bought at 50c and $7.19c with average price of $2.99c. Have been hearing a lot lately about $7.50 becoming the new low. Am definitely going to keep the 50c shares but might sell the others, will decide next week. My a2 holding is still in the green, but have lost a bit on the way:).
I'll see if Mrs B will let me borrow her cane :D
Checking in once again and it appears this thread is now being kept alive almost exclusively by non holders. Strange.
In more positive news, at least the ST site in general is now alive too
Keep it coming guys!
Emotion, be it fear or greed, is the greatest enemy of the ordinary investor. The point of maximum opportunity is when the crowd is pessimistic (or fearful) and the point of maximum risk is when the crowd is euphoric (and greedy)