Longer term1 Apr 2020 11:24
The rally we've seen in a very short time, from a massive drop, the rapidity of which none of us have ever seen before, during the early stages of this crisis are great opportunities for short term trading.
Personally speaking, having bought TW shares after the 2008 crash at 8p and selling up everything in my SIPP as the drop gathered momentum I'm holding cash for a while yet.
We are far from finished with this crisis and people are starting to realise what the financial implications are likely to be. We won't be back up and running 3 weeks from the start of the "lockdown" the stupidity of some have made that worse. The Chinese were out of the game for 2 months and the death figures they are quoting are ridiculous; only 1/5 of what Italy has already seen.
It isn't about being all doom and gloom, it is about considering what the likely effect on the markets will be. Some really fundamentally sound shares will ride it out better by cancelling dividends, reducing staffing levels and other general overheads.
I believe (and it is only my opinion) that TW represents a great company that restructured sensibly after the last big crash so unlikely to be one of those that goes under.
I'm expecting FTSE to test previous lows fairly soon and would be very surprised if it didn't break out downside. The banks are already close with HSBC gapped well down today at open.
Keep safe out there folks! All the profit in the world is of no value once you get the wrong side of the grass!!