WES 2.18% $70.66 wesfarmers limited

I did cash in at that time because i was predicting and...

  1. 5,256 Posts.
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    I did cash in at that time because i was predicting and armageddon. i did pay a price for cashing in but at the same time the their is worst to come, much worst.
    Gold stocks are declining which indicates a slowing economy. Techn stocks are shaky, resources are declining between 30 and 85% , not really an indication of a boom. US funding, debt, politics, world conflict, Chinese growth and debt, all a big mess. All the descretionary parts of the economy are trading sideways. World savings are being eaten up by debt.


    3. A fall in earning by 30% would place the share price at around $38, but then you need to factor in that the recession that was only beginning in 2019 In my first post this was my price prediction without a recession.

    Seven months latter it reached $42, do you think I have superpowers..... It nearly reached target 1.
    If you made an economic assessment you could have bought in at that point or even at $45 and still made a good 20%.

 
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