You’ve given yourself a timeline and in that timeline what is likely is another interest rate rise. So far economists not me have correctly predicted rises this year. It’s actually not rocket surgery after bumper housing boom we’ve had.
Then open most newspapers here and it’s seems weekly if not daily almost another building company collapses. So less builders equals less supply and more demand and higher prices. So based on that higher inflation is inevitable.
Fuel prices to rise again. Man there’s even a shortage of eggs.. you might be saying none of this effects this stock.. well peoples appetite for risk is much less and some economists are predicting a further 20% fall in the US markets… bitcoin and crypto doesn’t have the trust back just yet. So you have these factors where people are likely to curb their spending and avoid investing in risky stocks. It’s not that people don’t return to markets of course they will. Some will even be throwing money down now on them but for this stock you need good news and good conditions.. what if there’s a cap raise on top of an ann and a possible consolidation due to SOI? In these times with higher prices are people going to want to put unnecessary pressure on themselves on basically a gamble? you guys know what you’d do but it’s not the people already invested here that are going to push this higher it’s the people who aren’t. If those people do proper analysis fundamental especially what will they see?
strange economic times we face. In 60 days I don’t think it all changes. Good news may provide temporary relief but even good news can be overlooked in uncertain times.
LPD Price at posting:
2.9¢ Sentiment: None Disclosure: Not Held
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