RE: Down almost $% after yesterday's fall24 Sep 2020 12:20
NTM - your posts keep giving us more and more evidence of the way your mind works.
You are just like I was - I initially bought into FLX because I thought it had a good future. All the bumph made it look that way.
As the sp fell and fell and fell, I held on to my FLX shares hoping it would turn out all right in the end. I argued with FK1 pointing out all of the optimistic statements in the RNSs to prove that I was right and he was wrong.
"Hope value" is not a good investment strategy. I was a mug for taking so long to see that FK1 was always right with his forecasts for the sp.
I have swapped hope value for successful trading and real prospects for solid growth.
ECK seems like a solid bet with patented technology (for secure online payments), big contracts in the UK, winning contracts in the US, cash in the bank - and the coronavirus has actually boosted its business.
It is benefitting from working from home, WFH, since it provides internet software that facilitates home working.
In March, the directors said that, in these uncertain times, they need to be prudent, so they withheld the dividend. This month they announced that the business is doing so well that they feel confident enough to now pay the dividend - and that is from prudent people. ECK has realistic prospects, rather than just hope value.
You say "what if a global depression off the back of co-vid hits" - then get some money into recession-proof stocks. E.g. Reckitt Benckiser and Unilever. People will always clean their house and wash clothes, etc. Cleaning products sell even in a recession. Supermarkets are doing well and this dip in the gold price and gold miners is a buying opportunity. These tips are nothing more than opinion, chit chat and food for thought, so there will be no charge, but I can accept payment for the psycho-analysis in Bitcoin if you prefer that to cash.