Member Info for 2reincarnated

Cheers oxygen. I think the policy from now until Christmas for me is going to be to buy no more than perhaps 4 different stocks. However, I will buy at silly low prices or not at all. I woudn't bug Lloyds for more than 20p. I think the likes of Stagecoach, Firstgroup, Restaurant, Cineworld etc will all revisit their lows.

It dictates the direction of the markets. If the SP's of solid, cash rich, low debt companies can drop for the sake of dropping, what does that say about the Capitas of this world?

cheers

I sold out at 20p after 10 years!!! You will know how I use to talk this share up so much and still feel it has some way to go. I just couldn't risk bad news taking it a lot lower than 20p which could have so easily happened. Who knows I may one day get back in!!!
Good luck and god bless.

Agree there Is a 100% upside coming, but not from the current level, from below 20p

Cheers mate

Friday?

Agree. At worst we may have a bit of selling pressure left, but that should hopefully gone within a couple of days. I think from there the greatest Asset of this stock, is it will hold up well from now until the lockdown is lifted. This is in an environment in which a lot of compaies will buckle under the pressure of the Dow Jones falling spectacularly.

Think this is going to remain volatile, whilst the wider market will now plunge, this will bottom out not much lower than it is now.

Hope I'm wrong, but looks like there is going to still be a bit of drama here before it begins its trajectory to 40p

Exactly the opposite mate!!! This has hit its peak for the time being, the rest depends on showing the markets the company is worth more than 19p a share.

Eventually yes. But it will drop to 20 pin its journey.

Correct. But it will "kiss 20p on the way"

I hope I'm wrong but we cannot compare it to the likes of Taylor Woodrow(not Taylor Wimpey 4p to 55p or Thomas cook(10p to £1.60) simply because it will be snapped up by a Private Equity outfit long before it gets into " multi bag territory." With respect to the 2 examples outlined, they went from loosing money to making money. A situation SIG is not in, it will recover from a low we are seeing now ish, to perhaps 40p within weeks. There is going to be a recession, but when things get better, the Private Equity outfit, will pounce way before the SP rallies.

Aspers Toff is only being honest!!!

We shall see

The Dow is "digging it's own grave" there will be a massive fall and will see many stocks in the US and U.K revisit their lows. The Dow is wildly overvalued, it was overvalued before the recession, companies cannot support the SP's with earnings.

Otherwise it will be too late, I can't see the short being open that much longer. As a poster says, you will get fried!!!

just like on the continent Construction firms will open up soon. Even with an extended slow period and recession coming, this company is solid enough to continue trading.
Even if it did need further liquidity, not that it does, it would easily be able to carry out a placing, if the likes of Restaurant can, SIG surely can.

But SIG will hold up well in a sea of red, drop to 16p at worst.