It really is pretty scary to read your posts on this and other boards. The way you berate anyone who may offer a rational alternative view whether they are a shareholder or not. Lets face it, if everyone followed your investment strategy then they would be at a huge loss by now.
In my experience over the years, many supposed derampers have actually got it right.
You seem to get very defensive and emotional and that is never a good trait in anyone who wants to make money on the stock market.
If this gets sold off on the cheap which does seem the most likely outcome, I wonder if you will be man enough to acknowledge that you got it wrong. Personally, I think you will just blame everyone else.
To be fair it's not so much about rip off Britain. When the price drops people tend to consume more, if people consume more then they drive further or more often. The more you drive the increase in the likelihood of crashes, hence premiums increase.
No idea of the relative corrolation being 10%, but it does make logical sense.
Insurance companies get little in the way of benefits from a drop in oil prices as the delivery costs of toner and ink are not overly elastic in relation to oil prices.
As far as people bemoaning low oil prices, well its not so much bemoaning oil prices it's just simply with oil being the key factor for this company it makes sense to discuss it.
A bit like how QE is a hot topic of discussion on Lloyds thread. It's not so much people think it's a great idea, but they recognise it will effect the share price.
You really do not post like someone with an investment in Range, I have said this before and it is what I still believe. No investor with any real view on that investment would wish for the demise of the company they are invested in. If you really do hold any shares then sell and move on once we are trading again but don't wish collapse on the rest of us, that is way beyond common sense.
Ducksoup: I have not read that anywhere so far. However, if that's true then it is shameful. All big corporations want to have things working in their favor both ways. Oil prices have been falling for good 3 to 4 months but we will get benefit only from March. When it comes to hike they do it immediate, and sometimes even back dated. At least Insurers should wait for couple of months to gather enough data to prove their case.
I just don't get why people are moaning for low oil prices. We have saved more in recent months at pump while filling our tanks than we ever made on RRL. Soon there is going to be additional saving in our energy bills. Low oil prices are problem with OPEC countries not for hard working people like us. So we all must celebrate this prolonged low oil prices era. As far as investment goes just look for other sectors specially metal as low oil prices would benefit other sectors to grow. We must not pray for oil to recover just for the sake of disasters like RRL to suck more blood out of hard working people like us. I have said in past, and would reiterate today once again RRL deserve to be kicked out of market voluntarily or involuntarily. The circus must fold out for the sake of poor souls. Diligent investors will hopefully recoup losses elsewhere.
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