RE: Well Dibs.......I'm out14 Jun 2016 17:17
Sometimes we have to take it on the chin. I've taken plenty of losses before. Its part of investing. I never understand this idea you hear from people about being 'locked in' once you're down on a share. Absurd. What they really mean is they can't stomach taking the loss for real. Thats poor thinking IMO. You have to be prepared to change your mind on an investment.
Anyway so much for my waffle you are right it has freed up cash to utilise elsewhere, hopefully more successfully, and I wish you all the best.
Interested in your comments about lack of replies from management but not surprised. There was a total change in communication when they brought in the PR company. Suddenly I couldn't communicate directly with Mr Blamire anymore and got redirected to the useless PR company who just gave pat answers (as you'd expect) to everything. So I gave up on that, waste of time.
I agree with your other comments. I am back in here with eyes wide open. This time I have a much lower exposure, something like 10% of my previous stake! So I am prepared for any loss and certainly no killer.
I'll see you around no doubt, hang on, you bought into another stock I'm in the other week, honestly can't remember the name!