needed new thread - here we are !!, page-4

Markets are down, but primarily due to the crash of the metals. Many traders are forced to sell because of margin calls and probably Cardia was the only profitable position they had in their portfolio to be able to realise some cash.

This market downturn does not affect an undervalued business like Cardia in the medium term. Plastic bottles for shampoos, soft drinks etc are consumer items. You don't stop buying these no matter how bad the economy. Groceries and related businesses are defensive stocks in any portfolio.

I added to my position again today and if I had more cash would add again tomorrow.
Did you see how the US listed stock was up 24% on Friday trading, equivalent to 15c per share adjusted for the exchange rate?

One thing I learned from previous dips is that some stocks can still go up in a down market and that is what we are all looking for.

There was a massive "whoosh" this morning as people absorbed news over the weekend. This which was overtaken by the market sentiment in the afternoon.

Don't mistake it, the strength is still there and will return once the market sentiment changes.

I don't think that I am being being excessively bullish but I am looking for something with a 2 in front of it by Christmas.