Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Somebody asked my advice on a ftse 100 related investment a couple of weeks ago. My advice was sell at current 6800. Forget 7800 as thats gone. Told him 6800 is going to look very good as the FTSE is going to 4000 at least.
Here we are at 5000.
I don't work in finance it was just my years of experience of share dealing as a hopeless PI. But some things are obvious..
Chequemate.
I'm not being dramatic. Look after yourself and forget shares. Dignity the top riser. That tells you all you need to know.
Today is a blip a pause if you like. Shorters and investors reducing positions will be going away for the weekend before lunch and have another go next week. The FTSE 100 at 6800 only a few days ago was a crazy position . The FTSE was always going to crash.
The hold up was probably the forces at the very top reducing exposure before letting the whole thing crash.
Still plenty of time to get in on this. The ftse 100 will be down below 4000 before the autum
CCL have been clever with the cancellation policy. If you want to cancel they are offering full credit for future cruise.
So they get to keep the money and you don't get a cruise. Sounds generous at first but it works well for them.
They don't have to deal with potentially ill people on ship plus they keep the booking money.
Anyone thinking of purchasing these to get OBC you need to purchase 100 shares. At current levels 10 two week cruises and you have your investment back. Not a bad investment for regular cruisers who are confident this will be resolved.
According to a BBC article I read the problem with cruise ships seems to be the air con. Cruise ship air con can only filter down to 5000 nanometers. The 2003 sars cov 2 particle size was 120 nonometers. So if similar size the virus will travel through the air con.
Let’s hope in a few weeks time stocks falling is still the main topic. Corona is looking bad. I’ve observed and held shares sine the 1980,s. It’s not there yet but this has the potential to be much worse than anything since the 80s. Let’s hope these bounce back to 4500 and not reach the 450p I think they are headed towards.
Reminds me of Anglo America mining. 3300 down to 200p. They never went bust but it was a difficult hold. Careful how you average down was the lesson learned on that one. Taylor Wimpey a few quid down to 5.96p.
It happens.
PS Aidan
On 27th Feb when CCL was at 2507 I plucked 1700 from the air.
Now that target has been almost reached (1739 now) my revised plucked from the air figure is 450p.
I hope your detailed analysis is as good as my plucked from the air figures.