Worth remembering ladies and gents that when Tesla was 250$, people like DC2007 were saying 'crash incoming, crash incoming, it'll never go higher than 300$' and merely months later they were eating their words on a platter served with a BS paté. Who do you trust more - previous price action, sentiment and growth predictions, or the prediction of a sideliner / small position holder?
RE: A mate of mine bought Rolls Royce21 Jul 2020 13:36
Oh, I completely agree - the risk is real there. If it does recover, it will be slow and steady, giving lots of opportunity to get in. Personally I think RR is a good buy a year out from here, if still at a similar price.
A mate of mine bought Rolls Royce21 Jul 2020 13:07
Saying it's a bargain at these levels - I said, well, it's not going to be a bargain if your money sits there stagnating for a year or 18 months. A lot of these businesses that seem good value, like RR, CINE, will recover, but not in the short-med term.
From 'ethical' investors who dumped, to newspapers who churned out false claims, to the 'influencers' who turned against boohoo and burnt bridges, and most of all to you the little man who was shaken out of the tree by fear - all of them will be regretting their decisions soon when BooHoo start to steal the limelight for a) being a victim of fake news and b) being the pioneer of cleaning up the fashion industry in the UK. Sucks to be that short-sighted and desperate to appear 'virtuous' before facts have even been established.
Same sort of pattern as yesterday21 Jul 2020 08:49
Nothing to be disheartened about. This is uptrending. Remember stocks never travel straight up and a breakout is called a breakout for a reason, they can't happen all the time. Unless you're Tesla. Close 270 ISH.