Originally posted by huninni
Fair enough, so you're betting on a market crash in 2019 and everything to get absolutely hammered?
Anything is possible I guess but as a holder I hope you are wrong obviously lol clear.png
It currently has a PE of just over 7, a 8.7 Div and Low Debt. Was just keen to hear what made you think it'd get to below $2, whether it was a macro economic issue or something specifically related to the company itself.
Bingo - I'm tipping on a big correction/crash/bear, whatever you'd like to call it.
In fact I already feel like we're in the beginning of one. Seems all major markets have been going backwards for a month or so, ASX has lost all years gains in a spectacular fashion.
The chart pattern looks to me very similar to what it did around 2008/2009 - right before the big drops.
Do your own research, Just my opinion - not advice.
