RE: Precedents?25 Mar 2021 15:49
And it doesn't matter you have newcrest mining and GGP going full pelt. That isn't what determines the SP any more than the fact a giant like amazon is working with a number of companies determines their also falling SPs. Sentiment, mood around sectors have an effect. I'm not ruling anything out based on anything knowing the history of shares especially with large companies and large companies behind smaller ones. Nothing should ever be ruled out and it is foolishness to do so. I could list broker prices of a number of shares that are no where near them and going down with the markets. There are also shares out there with more assets than the SP value... Exactly why value investing works but it doesn't stop them going down when everything else is going down or being far below value for months or years. In three, five years time this will be above anything we've seen so far or taken over probably. But in the short term anything at the moment is possible - especially if some of the conspiracy theories are true why would they stop now when the whole world is on a down trend. Don't rule anything out though or you may end up looking as silly as the EUA posters who at 40p said last chance to get on, or the OMI posters who came here and said last chance to get on (before it plummeted) or the GGPers in the 30s who said we'll never see 20s again, or when it came down to 25p said that was the bottom, then GH's purchase was the bottom, then 21p was the bottom...
I have no worries either way. Goes down I top up goes up I top up. 3 - 5 years...