Coronavirus Issues and Possible Value Buying?, page-6

Reply to Pete and Old fisho too

This is serious.
Coinciding with a 30% oil price drop,
Aramco bad news as value drops below IPO.
Saudis arresting their own "princes"
mouthing off at the Ruskies.

Other supplier Iran could implode.
Italy, always rocky, hit hard Lombardy
Milan and Venice (again Venice)

Lebanon has defaulted.
EU banks looking grim (Brexit will kick their ars again)

WPL $21.something - woodside was $32 couple weeks ago.
$10 is 30% off share price.
Oil Search same/same

Thorburn correctly warns of the bull trap.
But you have to take some risk.
No one rings a bell when the market bottoms.

You have to pick your own bottom

EEWW!!

This is a serious opportunity to buy well.
Be aware the great depression of 1929
was still being felt 10 years later.

Grandpa talked of war spending putting money in circulation
where no one had money before.

Be aware, use your charting skills
Preserve cash, buy cheap.
Don't panic - you cannot pick the bottom
But you can value buy.