Hey Pat,
Whole market is down, every single sector - almost every single stock.
People are liquidating their holdings due to Corona fears and buying toilet paper and pasta.
Australia is heavily affected by the DOW which is down record numbers after being up consistently for a record period of time.
Looking at ESH in isolation when Westpac is under $20, down over 20% in a month - A bank down this much? BHP is down over 20% in a month etc. etc.
All stocks are feeling it, but as Jamie posted on LinkedIn (apologies, can't find the link) - more people turn to gaming as a way to connect when we're being told not to leave the house and gather in large groups. I believe this can be an opportunity for Mogul to showcase the strength of their platform as more people are looking to play in tournaments but have fears about going to LAN/gaming centres.
Hoping Corona blows over quickly and if/when it does, there will be a lot of $$ to be made when markets level out again.
IMO
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