Lost patience w/ FPI

By | June 7, 2017

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.

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