Intraday trade has turned into an 'investment'. LOL
At least I am comfortable with the position, am not geared or subject to margin calls, and can afford a long term view if required!
Guess it is only off around 40% from last years highs!!!Bit of room left on the upside?
Argument for buying= quality management, quality assets, satisfactory gearing, and a price that was off 16% from yesterday (which was off beforehand from friday and well down on last years highs) when the market wanted to correct around 6%.
Happy to hold but if recovers quickly, grip may be released.
Cheers,TAS
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