RE: What is it.....?9 Nov 2022 10:55
Clearly you john4242, and sundry longtermers, have had a hard journey so far here, but if there's an unambigously good news RNS next then the s/p price will go up meaningfully from such lowly levels imho eg it did earlier this year..
But, for meaningful and sustained rises then the one after that.. etc.. needs to be unambigously good too.. and if it/ they're average or poor then the s/p will very likely react downwardly again as is the way of things in this brutal game..
Given more recent -from earlier in year - RNS's here been underwhelming, I do not think its unreasonable that this s/p came strongly off that 17p ish high of earlier in year... my argument is that fall has been well overdone though and 9 to 10p area would be more fair and reasonable now instead of 7p.. Also there's a good to very good chance of unambigously good - bottom line - news RNS's to come again here soon enough too imho .. hence there's a reasonable to good chance this s/p could get back towards 15p soon enough here too, I feel
IMHO &DYOR
PS: Again John 4242, as you're open to pointing out what you perceive to be ramping here.. towards balance, I'm disappointed to see that you're not calling out Smalleyus for an endless, brutal campaign of deramping here?