"Fundamentals only mean “nothing” at the top and bottom of valuation cycles when markets are trading on pure greed and pure fear."
gooch - you absolutely nailed it!!
lots of quality stocks getting punished... lots of smart people out there scratching their heads thinking "hand on, I did all my due dilligence - this stock should be going up not down"
and it's true - in the longer term... right now, the aussie market is shaken... lots of people scared stiff because they don't understand what's going on globally. All they know is that every other week the newspaper headlines are talking about huge problems, fears, worries, debt burdens etc etc and they think, "holy crap - gotta sell!"
I say, "holy crap - what an opportunity!"
AMX and GRY = huge potential!
These two companies will be the ones in my stories around a bbq in 2 years time
AMX Price at posting:
73.5¢ Sentiment: Buy Disclosure: Held
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