down here in Sneaton farmers are grinning like Cheshire cats.....they take no risks and are set to get very rich indeed from SXX royalties whilst thousands of residents are under water with their investment .whose the mugs eh?
so ,you've lost 2/3rds on the investment and you're relaxed .I have never listened to mates about shares or horses....they always whisper from the side of their mouth so they don't take their own advice !
anybody recognise this classic cycle /Optimism/Excitement /Exuberance /Denial/ Fear / .Desperation /Panic/ Capitulation/ Despondency/etc etc. so what stage do we think we are at just now ?
the fall in SP from 31p to 19p in the last 12 mths wouldn't be a big deal if you had a properly diversified portfolio .SXX should never have been any more than 1% of a persons wealth .it's made me cringe when I've seen shareholders with 6/7 figure holdings .I just hope this doesn't end up with over stretched holders becoming seriously unwell and worse .
well the root cause of the fire was a faulty battery (worrying) but fair does , a good rally in the share price .clearly there are buyers coming in on the dip .a brave bet to be going short here I would suggest .
well it's a painful response by the market to the fire news . in the long run this won't be a big deal i'm sure.....OCDO are sure to make fire safety a priority .it's the Black Swan moment all investors fear the most .
we're oversold here. not surprised that stake building is going on .perhaps Dunkerton is planning to take the business private.....he's definitely up to something