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Sorry need to correct an omission:
ā For example I think most people thought when v price went above $100 kgV it would not stay there but equally nobody thought it would plunge to the $20 -$25 rangeā
Icarus nobody here lost anyone any money. Letās nail this one straight away.
I will speak personally. In my early investing days I made some good decisions, some bad. I suspect that description could be used for most people. However every investment decision I ever made was mine and mine alone. Nobody forced me to read LSE or any other platform. Nobody forced me to buy or to sell. Those decisions were and are my responsibility.
What I read on bbs then and now was and is interesting and can be useful, but what I do with any info I consume from these sources is NOT the responsibility of the authors. It is mine. Nobody lost or gained me money other than the companies (ie the BoDs) I invested in and perhaps those with the power to manipulate the market (and that is way bigger than the average pi).
So please desist from accusing shareholders in BMN of losing other folks money. Everyone is responsible for their own investment decisions. End of story.
And hindsight criticism is not worth the paper it is written on. No one knew the Chinese Govt would not enforce their own new building standards. Nobody knew COVID was coming, etc etc.
Posters then and now give their opinion based upon information available at the time. For example most people thought when v price went above $100 kgV it would stay there but equally nobody thought it would plunge to the $20 -$25 range. Easy to criticise people AFTER events have unexpectedly changed.
Pdub, I will agree, there were many well researched posters on LSE, at the time I believed it to be the best researched board there was, and I've also largely left lse for the same reasons and spend much of my time on an equally well researched EUA forum to get away from those that benefit from doing a share damage. I'm not here to deramp, subtley deramp ..............or purposely get anybodys back up, unless of course shots are fired in my direction first and then I'll happily trade blows. However, well researched as the LSE BMN board was, and to be fair it was forensic at times, genuine inexperienced posters without any axe to grind or alterior motive were often shot down whilst making genuine albeit maybe naive questions. It was often a fire first, ask questions later approach and it was generally done as a group. I'm not saying there weren't scrotes that deserved to be shot down from all angles, but there was quite a lot of collateral damage too. To me, the term 'old guard' isn't derogatory. I will argue quite a few of them came across as miserable so and so's and in real life I would probably have found certain members too arrogant by far to have wanted to ever have a conversation with, but they had courage in their convictions and defended the share to the hilt. I just feel that many of them (yourself, Rich Ken, possibly BBN accepted, don't recall them all) would have ended up with numerous black eyes and bloodied noses if they spoke to people in person the way the did online. That 'old guard' as well as some of the more reasonable posters will have lost a lot of people a lot of money not allowing the broaching of any questioning that would consider the potential for a SP downturn. Now you'll probably say they should have done their own research, and you'd be right, but when there was hours and hours of daily research and fast paced discussion going on almost 24/7 its pretty hard to get off that fast moving train.
Before you think I've got an axe to grind, I managed to get off the train in the highest twenties and went all into EUA with my BMN funds mostly around 2.6p, so have 10 bagged from here, so as I've said, no axe to grind, and think the current SP should it hold is an entry point I will gladly spread some of my SIPP returns into.
I'm probably rambling, and missed the point I wanted to make, but I think the 'old guard' with their arrogance, bad attitude and inability to consider there may be trouble ahead actually created the monster this board became because by the look of it huge numbers of posters just joined in to bait and frustrate them. As I said, its a shame they took all 'non party line questioning' as negative and they caused their own problems with their lack of humility.
Icarus flew too close to the sun because they said it was alright to do it!
Every share has a lesson to teach.
Buying at the top sucks.
I am entrenched but not in denial.
Do your on resurch!
Icarus I shall throw that question back at you and ask why you would use such a term?
I can tell from the quality of you writing that you are no fool and quite capable of understanding exactly why such terms can appear to be loaded and completely unnecessary if one doesnāt wish to be provocative.
Anyone is free to express opinions on this bb and anyone is free to challenge such opinions. That is how it works. Unfortunately there has been a turn around of sentiment on this bb to the extent that those who strongly support BMN and who are prepared to express their opinions are these days more likely to be categorised and or targeted in the way you did (perhaps inadvertently) rather than thanked for their research and analysis.
It is almost as if those who are either underwater or who seek lower entry points want to blame some longterm investors for the fall in share price. That is completely unacceptable. No one knows the future direction of share price movement with any certainty when events like Covid of significant shorting activity can appear out of the blue and completely reverse the market.
Sadly because of this crazy reversal in sentiment on the bb many of the excellent contributors that gave so much over the years got sick and tired of the nonsense here (and I could but wonāt name a number of posters in part responsible) and have moved to the Telegram group and elsewhere. Although I have not joined then I completely understand why. Your use of that term āold guardā when seen in context is very provocative and I suggest if that is not your intention then think more carefully about your wording. It is easy to make your points without using collective terms or emotive labels.
And I hardly dare mention this judgemental statement from you āthose that remain are entrenched and refuse to be think outside their comfort bubbleā which to me comes across as more of the same nonsense.
So please no more crocodile tears!
Having said all that I look forward to future investments by you in BMN. The current low share price must look interesting given the progress the company is making.
Just my opinion.
Haha. Honestly not purposely being provocative. I wish I had charting skills, so I am definitely not him. BMN is a stock I've held and intend on returning to in the not too distant future. However, when I first invested in late 2018/19 ish as a very naive investor who had done their research and discovered a very well run business, I did get pulled along by the outlandish predictions of where the SP would end up in the short, medium and full term, and was so convinced by certain posters that i never thought there was any chance of the SP dropping below 10p. Like a fool, I piled in even in the high 40's posting on here and getting the proverbial backslap and that'll look cheap in a month, by the end of the year, blah, blah.
I'm not here to deramp or cause friction, I still think the company has a great future, but one thing I will say is the reaction to me even mentioning Chartist just goes to show whilst many of 'the old guard' have left( why would you have a problem with me using this phrase?... ) those that remain are entrenched and refuse to be think outside their comfort bubble. It a shame really people get so confrontational over nothing these days. Can't be good for your health.
If I recall he was banned but came back under a new username of icarus69.
The āold guardā. Give me strength. Not another provocative poster. Grow up ā¦ please.
Have you checked the lonely hearts column?
Was invested here a while ago, selling up to go big into EUA pre suspension. Wasn't expecting the ride I've had at EUA and thought the deal would have happened by now and I would be piling some sizeable profit back here and hopefully put myself in the position of having a decent free carry in the not too distant future. I think those moves aren't far off happening, and what I'm about to say will probably met with some derision, but I do miss Chartist2. He actually called it spot on more often than not despite many of the old guard not giving him the time of day because a dissenting view on a rising SP was at best frowned upon. Wonder where he's posting now?