EXR 10.0% 11.0¢ elixir energy limited

For what it's worth, I think Covid-19 is worthy of your...

  1. 71 Posts.
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    For what it's worth, I think Covid-19 is worthy of your attention. It's the most significant single driver of changes in value in most markets globally since 2008. We may differ in our opinions on its impact, but only a true fool would ignore it.

    But wisdom does sometimes spring from the mouth of fools, and I think your second suggestion may be a case of this. I shall follow your advice.

    For my part, I'm being quite cautious about Covid-19. I had been leisurely selling a few things around the beginning of the year to have more cash. It seemed to me that markets generally were a bit frothy, and while most of my shares traded at valuations I was comfortable with, when overvalued assets come down, they tend to bring down normally-valued ones with them. When Covid-19 became big news, I sped up my sell-down a bit, albeit selectively: I don't want to have a fire sale. I don't have as much cash as I might have liked, and my portfolio is definitely down, but I'm pretty comfortable with where things are at, and will be keeping an eye out for bargains over the next few weeks or months.

    I suspect worse is to come in some quarters at least, but I'm a long term investor and 6, 12 or even 18 months to catch up to where things were isn't the end of the world for me.

    In that vein, while it would be lovely if Lawrence's predictions bore the immediate fruit he seems to predict every three hours, I don't expect any rapid explosion in the share price here, and Covid-19 can only slow things down. That said, the price is so low, and the possibilities so enormous, I don't mind waiting quite a long time for those to be realised. It's rare to make money overnight, and really only happens thanks to luck. If that's what you're relying on, you'd do just as well at a casino.

    Good luck to all, and I heartily recommend taking up Lawrence's advice, as I have done. Farewell, sir.
 
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Last trade - 16.10pm 26/07/2024 (20 minute delay) ?
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