Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
So the coup hasn't gone down as well as martial law, SET down 1.5% http://www.bbc.co.uk/news/business-27532544
The Thai SET has risen 0.5% the last 2 days erasing the 1% down after the martial law was imposed indicating that the markets are fairly happy with the situation.
Lack of info on the company makes this a hard call but I may stick a few more quid in hoping for some momentum! The low volume and large spread don't inspire me though.
Or not :-( Time is whats needed when holding this at the moment, it will get back up, may take weeks may take months, may take....
TOFT Bangkok Post is pretty good for info on the country: http://www.bangkokpost.com/ There is a business section on there but it is fairly brief. Also Reuters is good for news: http://uk.reuters.com/search?blob=thailand It seems like despite the political uncertainty today that stocks seem to be holding up, it would be nice to see the recent uplift continue, I only have a small holding but would like to trickle some more in over the coming weeks/months the same for AAS as well. GLA
http://www.trustnet.com/News/502792/is-the-biotech-bubble-bursting/
syntaxity I defo mean well and I know how you feel! I'm not trying to persuade you to do anything and you need to do what you think is right. For me think no point getting out at the bottom then see it storm up, I'm more in BIOG than IBT but they are both in same boat. Biotechs will hit the bottom then be a buyers market, hopefully today but who knows! Futures are up in an hour or so we will know, Nasdaq did well yesterday but Biotechs were still down. All the best which ever way you go.
12 Month Average Discount = -2.84%
I was just thinking the opposite! It's hard not to panic and sell then regret it, Nasdaq is up and biotech sector is in the even....at the moment. I just bought some @ 424 in ISA. The thing about selling when they drop (you) is its hard to get back in if they go up, the thing about buying when they are falling (me) is it's hard to know how low they will go. Maybe I'm trying to catch a falling knife but if need be I will hold them long term, buying now at lats years price. Time will tell. Good luck to you what ever you do.
...taking a bit of a hit so BIOG may drop back a bit but it shows you how quick the SP can move! I Was so close to buying when it was -8.5% earlier but just didn't cick the 'Buy' ahhhhh. Could go either way today but well worth holding on to at this price IMO.
Personally I hold as the key biotech shares in IBT & BIOG went up yesterday even though the IBT price dropped. They've probably gone through the worst and will be snapped up soon. No point in selling at the bottom, biotech shares can go up quick when the move look at the swings over the last couple of years up and down. Up to you!!
Down 8.3% with the Nasdaq futures showing flat, not that that means anything these days. I think the biotech will hit a wall then it will be a buying opportunity then up it goes, this is the traders trying to make a killing.
I'm holding, tyhinking of buying more if anything, it can go up as quick as down. Look at it's 2 top holdings which account for 20% of it's NAV they both went up yesterday, Biogen went up 2%! Soo tempted to buy some more, maybe I need bigger balls....
Seems to be finding it's feet, I bought back in a few weeks ago and feel confident. Best to be in at the start of a good run than jump in at the next high when Thailand starts being promoted to PI's to come to the party late.
Thats left BIOG with a 9% discount with the 12 month average of -2.64%, got to be a big upside soon.
Buying opportunity hopefully! I got in a bit early when it was 467.56 but then got in at 457.8, hopefully it will have a bit of a bounce tomorrow. Risky I know, but long term should be OK.
Any idea whats driving the SP down today? Cant see much in the press to put it down to??
£1.19