RE: there's a half-wit in the vicinity..............23 Jul 2021 15:07
One other thing Dick doesn't go into big detail about is, often the kind of people who buy oil and gas shares are gamblers looking for a quick buck.
They sit at home watching for fast moving shares hoping to jump on board when the prices rises.
When prices start to fall they either panic and sell at the wrong moment or hold tight regardless of what happens often loosing everything.
These people are not seasoned veterans of share dealing and investing.
They don't know how to value a company nor do they do much if any research into the company.
Many will be folk using their savings/redundancy money or worse will have borrowed the money and a large percentage will loose most of it.
If you don't believe me go over to UKOG, VOG, HUR or SOU. How many LT holders bought these at ten times their current value and still have them?
The way I see it the stock market is a fish tank with a regular supply of fresh minnows coming in as fodder for the sharks.
"The stock market is rarely wrong" - Don't make me laugh.