RE: 6’s close16 Jul 2020 11:34
If it was predictable it would be easy and everyone would avoid losses and make profit ALL THE TIME! I therefore think you're talking rubbish though of course we're all entitled to speculate and give our reasoning. so thinking it'll take JB to get to 14-15% is your call. And thinking this will go back down to 5p is also a guess and nothing more. I would think a better way to go about this though, is to assume the unexpected. Firstly the timing is anyone's guess though we do know that this is the calm before the storm next week when we ll see the true extent of the damage and how big an under or over reaction this is. Second. The Board is going to change and need a total reset for the city to reinvest in the turnaround, way before JB gets to 14-15%. Now you can wait for this to become clear and get the scraps after the ride up and miss out or you can get in and know that the risk is high. Either way, this is not going to just tick up or tick down. It will be explosively up or tank to a penny. My 40K at 10.19p is vulnerable and I may have made a terrible life choice here but ... my hunch and that's all it is...My hunch is that we'll be ok.