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clock Created with Sketch. 24/06/16
14:51
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Originally posted by mrspeculator
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The market is being absolutely hammered today - what a hemorrhage! I thought I was dreaming when I logged on mid-morning - even so called 'safe stocks' are being dumped overboard. But, as Buffet says, when people leave the room that's when smart investors walk in. I loaded up more at about $2.75 and will keep doing so because I know QAN has a tremendous upside. Good cash reserves, solid customer base and profitable peripheral business such as Epicure, Frequent Flyer and not to mention lucrative joint ventures. There's 2 ways to look at negatives (almost a cliche now) that the glass is half empty or half full. Well, it's half full today because listen folks, $2.75 X 2 = $5.50 and some instos still have QAN valued at $4.60 which is about $1 less than that. Britain in or out? The market is jittery about this so all stocks are suffering. This is when you get in - exploit fear. The same happened Jan 2015 over the Greek bailout fiasco. Stocks tumbled, then recovered within a few months.
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The action would be in the SPI futures, with arbitrage in smashing big stocks, and profiting big time in margin calls in the SPI.
(20min delay)