Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Any chance back over 160?
Looks like buying after that big drop in finance stocks towards end of May was premature. The market was ahead of the curve regarding the stock market impact of the dire state of the economy. I've always found that if I buy the dip then there are deeper dips to come so i'm never in the blue.
What to make of the broker targets 180-320? Most broker targets are cloud cuckoo land of course but the Barc targets seem particularly out of touch with reality.
Seems to me that buying a share based on whether it seems to be a good business is one things, but I feel it's better just to follow the trends. Looking at the current trend it is down and following a pattern seen in previous years. On that basis it could go down towards 300. (Certainly if I buy a load it will.)
I like to look at the buy/sell volume and the back end of May to June there have been a few large sell days. So I see a continuing downtrend especially since there is only an interim dividend in August. However, we had a big rise last August. Shortly followed by an equally big drop. We then had the steady rise in the 4th quarter which lasted until the 1st quarter.
Really big swings in short timescales.
Takeaway is to buy the big dips.
Certainly agree with jcb208. Seems I can never get ahead or if I do it's 'transient'.
We can always rely on broker ratings. Positive ratings are always fiction and are never achieved. Negative ratings cause the sp to fall.
What about today?
We're up threppence as I write so there's hope after all.
We're up a penny! Will it hold?
Yes - but as I bought recently they won't.