Nuts - creditors being asked to stump up AGAIN, a new hummungus sum, AFTER taking an 82% haircut on the previous one. In return Greece has promised to end austerity for it's population - 25% of whom work for the state. Bets are increasing on Greexit & Greek banks WON't open on Tuesday, IMO.
RE: Re mkt tomorrow
It doesn't look like a buy time to me. With China imploding as well there's a lot more legs in the bear yet. My personal stance would be to sell up and consider shorting.
Re mkt tomorrow
Ftse expected to open down -122 tomorrow on spread betting. If it does I'm seriously buying A basket of stocks for my pension fund. With my current favourites of mrw, cna, hsba, gsk and ng. http://www.thisismoney.co.uk/money/news/article-3150302/Historic-NO-vote-Greek-referendum-spark-fresh-stock-markets-rout-amid-Grexit-fears.html Gla
RE: Bertram, Fruitster, et al
Hi jack Great to see your welcomed comments and thoughts and all taken on board. Greek no vote now in and just want to pass my thoughts on overall result and what mkt may do in the morning and this week. I do think the whole Greek situation has been unsettling for markets, but same time both sides are playing there poker cards. I think the no vote is actually a good thing, as we all know Greece can't sustain their current debt and the creditors just need to take a further haircut. Same time the creditors and Europe will not allow Greece to leave the euro, for fear of letting a country under a good democracy go under. I think the mkt on Monday may go lower on open, but this is the time you come in and buy your long term investments, as it will be a great buying opportunity, as i I think we will enter the final aftershocks of the Greece crisis, as Europe come to bring itself to togetherness. Good luck Monday and next week.
Bertram, Fruitster, et al
Hi Bert, Fruitster, Just catching up. Many thanks for all recent comments. Appreciated! As you might expect, there'll be no running this stock down from me just because I'm out. That's from genuine reasons: for eg. MRW's low leverage compared to rivals, some improving sales data, momentum of new BoD &, not least, that retail prices don't need to recover by much to see profits rise substantially. That time will come later to leave MRW's & some other big retailers in a much better place. Esp when UK economy sees wider economic improvement in real terms. However, whatever happens before then, IMO, remains a hard call. For my money, more volatility likely before any significant gains are consolidated. Not just here mind. Recent events in EU have impacted a few sectors. I expect that to continue with many SPs across the range seeing a bit more undulation than they might do in more regular circumstances. But we've been here before & we all know that this can be hard game, with no-one calling it right all of the time. Best of luck to both of you & all holders as usual! - Will keep in touch & might even buy some back, but later.
RE: Monday will be volatile
Customers voted Tesco "Britain's Favourite Supermarket" in the Grocer Magazine Gold awards, perhaps an early recognition of the group’s efforts to raise service and availability.
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