nice posts Deramunda & phil016 May 2011 09:06
recommends on me - pleased they finally got that RNS out. I think their comment on sales being slow may also be atttached to our general stock holdings.
like yourselves, I've got lots of RNS news expected on one lot, waiting for licences or resource upgrades on others and they all seem to be very sticky in coming forward.
After Osama death news it appears that has got some investors concerned about strike backs, but I believe the US economy and their debt is weighing heavily, plus the US pushing the Chinese to increase the value of their currency may be having a quietly negative effect if I have the right angle on this, because that will see products gazump up on prices coming out of China.
Nearly all our cheap cloths and goods come from that country. The common man on the street is going to get hit.
The only upside is that the US dollar is continuing to weaken so that should lift the electronics side as these are all traded internationally in dollars. Mobile's,Computers may come down in price but my guess is that companies will hold the retail price and go for profit margin rises.