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247 Posts.

59

15/06/22

11:05

Post #: 62008486
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Originally posted by Young gun 93: ↑

I sold out today. Went with my head and not my heart. CAI will go a long way, but IMO not for a year or so.

Fundamentals aren't going to come into play in an environment with increasing uncertainty and interest rates.

The invasion of Ukraine will only end this year if we are lucky, but sanctions wont end just because the war has. Russia won't pay damages to the Ukraine or return territory so sanctions are here to stay. Supply chains are stuffed and wont magically fix in the next 12 months.

The RBA has clearly stated rates will go to the target inflation band of 2-3 percent and potentially higher if necessary. This suggests a fair way to go. more importantly EU amd US inflation is terrible, we are in for some monster jumps there.

I hope I am wrong, bit logically there is more likelyhood of downside than upside.

GLTA DYOR

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Interesting time to sell. I’m curious, where you’ll be taking your money though? Hard to see many opportunities with a similar risk/reward ratio from where I’m standing.

CAI Price at posting: 68.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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