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For me, i would define a neutral position as someone that has no position and are well informed of developments...and of course someone you can trust. I usually speak to a lot of close friends that are not market participants and gauge a general consensus of opinions. Of course on this bb you cant really trust anyone. I guess the trust element comes down to instinct, past history and whether the opposing opinion someone holds seems rational. Of course extremely difficult to do once you are already in a bit of a pickle.
Someone with a spread bet of course are more likely to be biased. I would never expect anyone to place a position based on what i say here or expect anyone to trust me but even if i have a position, I welcome anyone with opposing views and try to keep a clear mind. Of course if you think what someone says is rubbish, and on here most of it is, then fair enough. But i would never question someone into asking why they think my opinion is rubbish as that is just pointless. You need to be a psychologist and zen master to play these markets; economists are useless.
Hi triumph,
some truth in that although how would you describe a neutral position on here for instance?, as those with spread beats are not neutral at all are they.
Hi earthling,
I tend to think that those with no position are actually far more impartial and clear of thought than those who are in a bit of a hole. One thing is for certain, in the long run buying at these levels, you cant lose. But in markets like this, timing is the difference between losing your nerve and therefore your shirt and making a life changing amount...and that window of opportunity you have is tiny. Certainly not for the feeble hearted.
Spot on Jerry
One of those times when those pulling the string s will make a fortune out of this orchestrated crash
It’s interesting how those on here who don’t buy shares and bet on the direction are suddenly all doom and gloom compared to just a few days ago
So predictable yet some don’t see it
It’s ok for them to give advice re don’t buy yet, when this isn’t even allowed.
We’ll know when their bets have turned they’ll be back telling us charts look promising lol
Aye. It’s a bad flu ffs. Let it run its course, eat your greens. Half my portfolio looks a bit sad these last few days but it’s prime purpose is generating steady quarterly income. I tend not to get too excited about the capital swings although if I were really clever with timing, there’s often the price of a Porsche Cayman in the swing. Hey ho. Bought another £900 solg today but that’s my lot for this financial year.
Interesting how the press affect the general mood. This is a highly contagious flu bug, though it isnt any more deadly than many others. Flu bugs tend not to last into the warmer months. And how much money do you think the pharma industry is spending on r&d into this?
But dont let the truth get in the way of a good story. Journalists have no shame. I wouldnt want to own shares in travel and hospitality but eventually life will go on and many closed factories will be running 24/7 to catch up. I have heard that a lot of China has been returning to work this week.
I suspect that it wont be long when the number of those recovering from the virus exceeds those that are catching it. But that wont be reported as its not very scary.......
The only pill that needs taking is a chill pill.
Indeed. Those who have, by looks of things, have been stung. Waiting tentatively for a meaningful bounce and a glimmer of hope regarding COVID-19
Holding with what I've got BNC,mainly gold /silver/copper/tungsten stocks I hold
I wouldn't be too hasty in buying the "dip" in these.markets,......
This looks and feels v different imho.......
R's
BN.c
Jerry,morning nm wont be doing that ,good news only here imho
DBW, sorry to her your loss my friend am down too but holding tight no point selling imho
Addicknt, I am always happy to be early, and scale down. Friday is rarely a day when broad markets recover from a fall, so my guess would be early next week is the bottom. But at 6500 the FTSE100 is showing some real value IMHO. Like you I have been 25/30% in cash for past 6 months or so, now down to 10%. Getting to think oil is cheap at these levels too cos the Permian shale cant really make any money at $40, so they will be shutting wells in soon.
I am not a fan of high yielding stocks per se, but there are some daft yields, if you think the div will be maintained.
On the other side of the coin, if you are a company that might want to issue some bad news soon, blaming it on Covid19 is a great opportunity!
Remember the words of Corporal Jones in "Dad's Army": "Don't panic"!
Jerry, in anticipation of a global sell-off, I've been sitting on a pile of cash for over 18 months! I became so convinced it would happen and saw the exuberance of the US market, debt levels, etc, as being the clearest of signs. Mind you, in the interim I missed out on significant opportunities...oh well.
I currently see the market in two distinct segments. There's the broader, blue chip opportunities, where I'm still hanging back, and then there's the situations such as SOLG, which probably merits further investment (mind you, my purchases last week now look a bit daft). I'm of the view that we have a bit to go before the broader market looks attractive, but it has to said, some blue chips are beginning to look very tempting.
Well since Monday I’m down about £25k (on paper) but hindsight is a wonderful thing .... fortunately I won’t need to sell any for the next 18 months so hoping for a big turnaround well before that .
Completely agree addicknt. I have picked up a small 6 figure amount of Solgold and put a large six figure sum into the general market at these levels. Not sure its the bottom and not much firepower left, but if they want to take it lower next week, I will be here!
Bought a few more at 17p! Bargain with (BIG) news coming as they say in Aussie: "Imminently", LOL!
same here
it was on the cards.
Missed the low but got some in the 17s.
Still no news and I guess we wont be getting any until things calm down.
Price even more appealing to someone who wants to buy it, we are not producing so no effect on our production rates etc.
Could drop further but have to be lucky to catch it on the bottom. None of us know when it will turn.
If I was happy to buy at 19p, then I'm happy to buy in the 17s
Yep 100% agree. I've been open about keeping at least 50% cash for the last 12 months. I have been spending quite big today. BHP Rio and some solg..It will turn back to cash shortly.
The dow will certainly be up in 12 hrs time. :)
of a certain age (most of us?) have seen this all before...in my case, at least four times.
For those who haven't, don't panic, it will recover...it always does.
Will this virus tip the world economies into recession? - possibly. However, the enforced closure and reduction of activity of many businesses, will lead to an explosion of demand once this flu bug has stopped scaring everyone witless.
In any event, as it currently stands, SOLG don't actually produce anything, so life will go on as normal.
It's not great to look at your portfolio when it's showing a loss, but the obvious solution is not to look. Mind you, the temptation to add more here is great.