Yes - a lot of factors at play here - and looking at my general watch list - only one stock up out of the whole lot.
As we all know some sectors are going better than others today - and in general. Gold is going like the clappers.
This is a longer term huge returner - hold the line - don't panic - the wait will be well rewarded!
So much negativity around - local - wordlwide - not just in stocks - but in general. People are very down in the mouth.
(Japan is the exception - stocks there at their highest today for 9 years!!!!)
Revisit your research on this stock - spend a few hours on it - look at their book build - and the huge potential of their holdings. And the quality of their management/team.
Really, the price at at present is ridiculously cheap compared to the true value. Bargain basement stuff.
If I had the funds I would be buying lashings more of it. And laughing while I did so.
And I may just dig up enough lucre to accumlate more while I can. This is a gift - but people are looking a gift horse in the mouth!
People are too keen to chase the overnighters - the intra-day stocks - and no one seems to have the patience needed to wait for the big pay-off further down track.
Their perogative - BUT!!!
NB: This is my personal opinion, and not investment advice in any way, shape, or form.
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