RE: I miss....20 Sep 2021 14:50
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.