RE: Sentiment24 Mar 2020 21:57
As an investor whose portfolio is currently 15% physical gold and 82% cash I don't feel like a clown at all. I make no apology for daring to think the unthinkable of an ultimate worst case scenario of £1.90 a share. But if you read my last post, without quoting me out of context, you will see that I favour a possible decline to £5.00 a share, which I consider a more sober valuation, worthy of some of my hard earned cash.
As it stands, all boats rose today, as a result of the markets being artificially inflated by increased liquidity. (This incidentally makes us all poorer down the road, as our savings in fiat trash, becomes more and more worthless) The rise today is an illusion. I note that it was not one of the biggest risers, but certainly, if I was a holder of the stock today, I would be an eager seller in the days to come. Because any reasonable person with an understanding of this bear market will know it is yet another baited hook, to get mugs.....,... "clowns" if you will, to pile in and lose more money. My gloomy predictions are based on a more drawn out L shaped recovery, rather than the more optimistic V shaped recovery. Be honest, what would you do if you were already nursing massive losses, having bought these shares yesterday? Hang on in the hope of more gains? Or at the very least sell some to claw back some of your losses? The waters are muddied somewhat, by the forthcoming American election in November. But my instinct tells me this market has further to fall before it rises again...…..November is some way off...….and £5 for Fevertree looms ever closer!