To be honest I’m currently investing in tinned corned beef and Baxter’s soup. There have been some real obvious shorts over past two week but I’ve been too busy with the real world.
Think of the money wasted on the war on terror. The real issue should be closing these filthy markets. They have killed more people than ISIS etc will do. This is real terror right now.
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..
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.
Having a look at the bridge Cams and the Princess part of Carnival seem worst effect. Diamond and Grand Princess docked due to virus. Majestic in dry dock. The remainder of the fleet happily going round in circles.
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.
Rogue Do you remember when Taylor Wimpey fell from a few quid down to 5.96p? I do because I bought them at 5.96p. What are they at just now about 190p? Don't think I fancy holding them right now.
3cardbrag I called 2500 down to 1700 on here on the 25th Feb. This is a perfect storm for cruise industry in particular. I see 450p as easily achievable. Lets see.
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.