RE: for what its worthmy9 Mar 2020 08:46
whoops hit send by accident.
revenues, but the amout of the fall is far far overdone. Im still going about my daily business and using fuel, and so is everybody else in the main, excepting the airlines. Tescos are still as full of people buying food, my electrics burning, and im turning my tap on more using more water, so why are these shares taking a pasting? Its all media and social media hysteria!
if your in cash or have a few quid handy its my view (contrary it seems) the mother of all oppertunities once 'the bottom' appears.
The oil drop today is because Putin sees a good oppo to grab more world influence plain and simple, kill off the US shale industry and hold the world on a length of string with prices, hes a shrewd cookie that bloke and always plays the long game.
Its my view people fall into two camps in general, the brave and the not so brave, if not brave you shouldnt be in the shares game period, there is always a risk you can lose your shirt on any day.
Think back to the dead terrorist on the bridge with the swords not so long ago. He came out armed trying to kill people, most people ran away panicing thinking self preservation only, other braver people ran towards the scumbag and took him down, end of incident with less death and injury. In short 'dont panic dont panic mr mannering'
With the whole worlds pharmaseuticals brains 101% focussed on a vacinne for this virus, do you think it will take long to develop a cure, i dont. Then what, do we get the mother or of all rises back to higher levels, just with the paniccers cleaned out.
Thats just my take on it as lth, obviously people have their own, not nice seeing all the red though in the meantime whilst riding the ripples.