LGL 3.14% $1.48 lynch group holdings limited

Yea well done mate, but margin loans are no-no's in bear markets...

  1. 391 Posts.
    Yea well done mate, but margin loans are no-no's in bear markets and in particular economic uncertainty - need a consensus of positive indicators to go long but then you would have to know what your are doing. Haven't been doing this for a long time, but I was a buy and hold person till recent, these testy times have turned me into and even that is a challenge sometimes.

    Was watching the Paulson brigade on tv last nite answering to the pollies, can't say I was over enthused with his case, he had more oooo's and ahhh's than a russian female tennis player, for him it showed lack of confidence and unfortunately that is exactly what the market is looking for.

    Volume on LGL was on par last 2 days, I think you you did well if you were in the money and took it, could chop and change until they find some common ground in the U.S., gold has become the barometer for anxiety.

    So its blood sucking investment banker 0 U.S tax payer 1, cheers,n
 
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