Lesson learned and patience lost wrt FPI. Yesterday’s news and stock repricing was too much for my patience tolerance. I sold off w/ a stop loss order at$9.30 (removed all emotion from the trade). Kept 30% of the position that was purchased below $10. A SA article yesterday maybe too dramatic, but i lost faith in management team … this reset was just too close to their reporting. Integrity lost. I will try to capitalize on a dead-cat bounce and get as close to neutral as possible and leave this company / REIT. https://seekingalpha.com/article/4079209-farmland-partners-sky-falling
I can typically stomach a pricing reset in companies that i respect, but when management does not play their role sufficient … confidence lost and money moved elsewhere.