Highranger you are right, but it certainly becomes annoying if the devaluation seems not to end. 20% in 6 months is a lot. I am holding since about 3 years. And in such a timeframe a lot can happen with currencies.
The valuation of the EUR on the other hand is much too high and the European central bank has not the instruments to lower it. Just look at the effect of the last interest reduction - and there is not much room left. In my opinion the EUR is an artificial currency which can not survive. But I leave the Euro bashing for now as it is a very sad and endless story.
cheers, laga
ADO Price at posting:
15.0¢ Sentiment: LT Buy Disclosure: Held
