We are seeing a transfer of wealth from the uninformed, desperate sellers who have no choice but to sell (margin loans) to the astute, patient investors who have no need to panic due to having zero debt and plenty of cash.
41 million through already and my 700,000 are line ball despite the turmoil in world markets. Now if I could buy another 500K at 20c I would be one happy man. Hoping for a capitulation tonight in the order of 1000+ point fall. I can only dream.
You don't think the Central Bank of Norway did their due diligence?
We are seeing a transfer of wealth from the uninformed,...
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