next northern rock pearls? seriously? do we need to have long lecture about why northern rock went bust and the financial crisis and why that has nothing to do with the current situation?
nickel, I agree that this is a fire sale price but also still think there will be drops and chances to buy lower than todays price. simple logic is that the shorts are burning money to keep the price sub 300 with the view to make further attacks on the price before they buy back.
this share is becoming so predictable im going to start the Christmas card list early. one in the post for Odey from Banco Marco SA; merry Christmas Odey; 8% loss and counting!
and im not being negative in what im saying by the way. this is a limited opportunity to increase my stake in this bank at a price that doesn't represent anything near what it is worth
Leon; Im sorry but this will rise when the shorts decide its going to and that wont be until they orchestrate another big drop. The shorts are spending a lot of money keeping a glass ceiling in place at 288-290 and they wouldn't be spending that money unless they are confident they can get it down again to the 240 territory for a big buy back. Long term this will be sitting substantially over 500 because that's the point where the shorts started their latest campaign and they will want their profit too. all my opinion
I've been monitoring the shorts algorithms for weeks on this share and its not as sustained today. will be interesting when or if it gets to around 288-290 this week as that's where the sustained attacks kick in
RE: as long as we see 2 days of positive territory .....3 Sep 2019 17:52
leon, im a longterm holder on this but I see this as a limited buying opportunity to increase my holdings. Im with Auson; I see this doubling, the same as it did in May
RE: as long as we see 2 days of positive territory .....3 Sep 2019 17:34
malu well done on the 5% gain genuinely, but your arguments only reaffirm my conviction to increase my holdings. Fingers crossed for another low tomorrow