GREY:BIXZF - Post by User
Post by
ottscaron Nov 16, 2009 11:42pm
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Post# 16493701
I'm no fan of ogo or prob, but
I'm no fan of ogo or prob, but"Those who forget history are doomed to repeat it."
Hodson on BNN, just a few minutes after the BXI analysis, was asked about Timminco. He said he "used to like it", but doesn't now. If you look at the chart, 3 years ago it looked just like BXI, went ballistic, then dropped like a stone when the process was not found to be economically viable. It went down so fast that lots of folks lost most of what they had in it. I'm not saying BXI is a fraud like TIM, but caution is warranted. I hold some BXI, like Hodson about 1 - 2 % of my portfolio. But I have a stop on it so that I don't lose any of my money, just some of what I've made so far.
I do like BXI processes and management style, but echoes of Timminco have made me gun-shy.
Woof