RE: Red Friday - Next Bloodbath Monday!28 Nov 2021 09:05
Walshy how can you say the new variant isnt priced in, it was the main headlines thursday night and look what happened to ALL stocks Friday, if it wasn't down to the new variant then what was it down too? Cine was on a downtrend but you really think the likes of rolls and tui dropped that much without the new variant priced in.
Your selling half you holding tomorrow because you believe the s.p will drop to 30p. That's over 40% from its current shre price, that would be large large drops everyday next week , prob around 10% everyday.
I see nothing at this time to warrant our s.p at the 50p based on current business, how its being allowed to operate (ie no restrictions and 100%) capacity) and where our main territories are. I totally get why we dropped Friday but personally feel we were already way undervalued. We should of had our drop from a much higher s.p.
I personally totally get why the government have reacted the way they have , they have the real scientists data. They have reacted on that data. Here we have gone from s.p forcast experts , to lawyer experts and now all of a sudden we are all doctors.
Fact is lots and lots of countries ae nervous with this variant because the protein spike has many changes and many have reacted to this mutation, because of the changes to the spike this enables it to enter our blood cells a lot easier. In turn that MIGHT lead to more hospital admissions deaths etc. WHO have also labeled it a variant of concern.
They say vaccines should offer some protection , we are a country of nearly 90% fully vaccinated over 12 years old, our knowledge of covid and drugs on offer now is far more advanced then a year ago , new vaccines can be made in 100 days. So there is also a lot of optimism amongst the experts. Worse case this could be a 3 month problem while a new vaccine is made.
It's all opinion on how this new variant moves forward, none of us can offer Fact, because we simply don't know.