what’s op worth now + with exploration upside?, page-15

After a day like today, the analysts will be doing their post mortems and telling us how the market has been "sold off" and that it was a "seller's market" etc. etc.

To state the b....ing obvious, for a trade to take place, there has to be a buyer and a seller. If noone is willing to buy at a certain price, then the trade simply wouldn't happen.

So today, for example, although the analysts will tell you it was a "seller's market", every stock sold was also BOUGHT.

Does that mean that everyone that bought a share today is an idiot? Of course not. Many buyers (and let's exclude algo-trading, INSTO's etc.) bought at these prices because they figured there was money to be made.

Some will be wrong and MANY will be right. I'm a hopin' I'm one of the latter with ABU and as I've said, I'm here for the long term.