RE: Cash is king24 Aug 2023 17:07
Indeed it is 1,171,018 UT 17.96p
A dreadful day for all longs.
It looks like also that the £pound currency is being constantly loosing its footing against a basket of currencies.
I normally follow the £pound against the Mexican currency Peso for gauging the strength or weakness of the cpi share price.
Since the last four days, the Mexican peso has wiped off many percentages of the £pound.
I remember last week you could get 22.6pesos for £1. Today you'll be lucky to get 21.2pesos.
Moreover, 1 year ago you could get about 26pesos for a £pound on the exchange, but somehow the £pound has managed to continue loosing its strength even against the Mexican pesos.
Anyhow, it's quite demoralising to see cpi getting stamped on without a bit of a breather.
Although, I've been previously in worse waters with cpi, this latest fall does bring back bad old memories that even with just above 3p under water from today's closing price, I still feel that the 'suppoused background selling' intensity is so bad that even an hardened investor would easily feel confortable watching it as we're currently doing. It's worse than a sh..it show.🤬