Why are the blue chips and the non uranium stocks being continually hammered? Ok, I understand corrections, and natural and unnatural due to mega disasters, but surely now we would see the likes of the big blues on the way up considering the amount of materials going to be required to rebuild Japan, Burma, CHCH NZ, parts of flood devastated Brazil, Australia, war torn North Africa and the natural population explosion.
I am perplexed as to why we are seeing this continued correction. Are the SB just driving down the market to make short term gains? Stock Brokers and Analysis in this country seem to have in my very humble opinion (and downies your opinions mean nothing to me), that its about short term gain and the days of stock strength building are gone. Why do we see o/s exchanges continue to rise and ours is slowly sagging.
In my opinion its got nothing to do politics, though some people maybe manipulating the market with ulterior motives, but the point comes, Mum and Dad investors like most of us on this Board are, seem to be getting hammered.
I have been speaking to a couple of other Mum and Dad investors of late who are considering pulling out of the stock market because of the volatility being caused by what they consider inappropriate advise by Stock Brokers and Analysis and who are starting to believe that if they see a sector going up the use bots to drive the price down so they can get the stocks cheaper.
We sold our Rio stocks the other day because we had had enough. Now we are looking at a couple of others.
STB we are keeping as well as RUM, with a foot in both camps one with s/r and the other w/o s/r. We are going to need to eat and we have two fab stocks here, but the others I am seriously getting worried about. My blue chips are becoming losing chips.
1. I wonder really what other Mum and Dad Investors think, like you ladies and gents here please?
2. This market correction is just like seriously way overdone and so much has been factored in already, YES/NO?
3. I ask then, what can we as mum and dad investors do about Killing the Bot Trading Practice?
Happy Trading.
STB
STB Price at posting:
$4.47 Sentiment: Buy Disclosure: Held
