Down some more20 Sep 2022 10:19
Amazing. Everytime I think this must be about the base it surprises me and falls some more. I like to muse about the psychology of investors. I note there are many sales at the moment and one was for around 23,000. I appreciate that its probably going to be a while until BBOX approaches anything like its fairly recent glory, that there are probably better returns to be had elsewhere currently, but it must be a while since anyone bought at much below its current price so I would imagine those selling today are doing so at a fairly hefty loss and are a bit after the horse bolted. Or maybe there are a few left yet to bolt. The company itself hasnt done anything wrong. Its an often cited altruism that those that allow themselves to be panicked into selling on a bad day probably dont really know why they bought in the first place and more often than not are the losers and that those who hold their nerve and buy when the price is unreasonably low will usually see good return. My view for what its worth is that yes energy is high but people will adapt. Life wont stop. i was just looking to rent a holiday cottage for a week. Most are booked solid well into next year. Went in to a pub for a drink yesterday. We had to sit outside because every single table inside was reserved for meals. The markets are in panic mode at the moment. We all know how fickle they are. The other thing is the war isnt going well for Putin. He had better stay away from windows and buy a longer table. But if the war ends - and its beginning to look a bit of a fools errand then the market will react accordingly and another altruism is that there arent many great days on the market so you dont want to miss em. Now then should I buy some more?? Not at the moment - there is too much panic and I havent got the balls :-)