Over the many years of holding BMN I like many others have seen my investment drop in value by over £800k. A lot of paper money I could never have imagined when I first found this share having bought in at rock bottom prices which was a huge gamble at the time. I have sold down from 2 million shares to 1.5 million shares over the years, a new car, some wonderful holidays, some cash for the children and grandchildren at Christmas and of course my wifes hairdressing bills. I am sure many LTH PIs have done the same.
On the LSE board I have seen some of the best researched input by people far more cleverer than myself. Wave theorists have come and gone, pond life have come from under their stones and have tried to damage many people financially, MMs have done what they are paid to do - no guesses what that is. Posters have asked we should never respond to pond life and when they are attacked they respond, its human nature I guess, and of course there has been some great wit. Many PIs invested at 40p plus have left losing a lot of money. It is easy for me to say this, having made some good rewards myself with Bushy, but I truly feel for them having myself been in the identical situation when first investing in shares some 40 years ago.
Everyone may be saying why did I not sell at 48p. Well I sold some at 30p, which was my original exit strategy, in order to enjoy the rewards mentioned above. I never had this vast amount of paper money totally converted back into cash. I also never ever had this kind of money in my lifetime. So to use some of the terms my golfing pals and I say when we end up in the clubhouse "If only I had....." and "what if I had...." and of course the answer is alway "what is on your card because thats the result". Currently the result is around 8p to 9p.
Everyone must make their own mind up on what to do in this awful moment. Many holders may not return to full employment for some time so they have to sell. I truly hope the harm this virus brings to families, friends and total strangers will not last long term but strongly believe a new world beckons. What that will look like is anyones guess. Let us hope it is a brave one.
Oh, hello Dolly, well, hello Dolly It's so nice to have you back where you belong You're lookin' swell, Dolly, I can tell, Dolly You're still glowin', you're still crowin', you're still goin' strong We feel the room swayin' while the band's playin' One of your old favorite songs from way back when So, take her wrap fellas, find her an empty lap, fellas Dolly won't never ever go away again Hey, hello Dolly, well, hello Dolly It's really nice to have you back where you belong Girl, you're lookin' swell, Dolly, I can tell, Dolly Still glowin', still crowin', you're still goin' strong…
The English are feeling the pinch in relation to recent virus threat and have therefore raised their threat level from “Miffed” to “Peeved.” Soon, though, level may be raised yet again to “Irritated” or even “A Bit Cross.” The English have not been “A Bit Cross” since the blitz in 1940 when tea supplies nearly ran out. The virus has been re-categorized from “Tiresome” to “A Bloody Nuisance.” The last time the British issued a “Bloody Nuisance” warning level was in 1588, when threatened by the Spanish Armada. The Scots have raised their threat level from “****ed Off” to “Let's Get the Bastard.” They don't have any other levels. This is the reason they have been used on the front line of the British army for the last 300 years. The French government announced yesterday that it has raised its alert level from “Run” to “Hide.” The only two higher levels in France are “Collaborate” and “Surrender.” The rise was precipitated by a recent fire that destroyed France's white flag factory, effectively paralyzing the country's military capability. Italy has increased the alert level from “Shout Loudly and Excitedly” to “Elaborate Military Posturing.” Two more levels remain: “Ineffective Combat Operations” and “Change Sides.” The Germans have increased their alert state from “Disdainful Arrogance” to “Dress in Uniform and Sing Marching Songs.” They also have two higher levels: “Invade a Neighbour” and “Lose.” Belgians, on the other hand, are all on holiday as usual; the only threat they are worried about is NATO pulling out of Brussels. The Spanish are all excited to see their new submarines ready to deploy. These beautifully designed subs have glass bottoms so the new Spanish navy can get a really good look at the old Spanish navy. Australia, meanwhile, has raised its alert level from “No worries” to “She'll be alright, Mate.” Two more escalation levels remain: “Crikey! I think we'll need to cancel the barbie this weekend!” and “The barbie is cancelled.” So far, no situation has ever warranted use of the final escalation level.
Personally sitting on a massive paper loss but Its just that “a paper loss” so I ask myself what are BMN doing wrong and the answer is nothing. This is beyond our control . It will get sorted. Just watch it play out. Oh and Toilet Roll shares touched a new high, and millions of shorters were wiped clean.