Knock Knock Knocking on Heav... $20 door. Might let it ride for a while and see where it goes. ps Am looking forward to the return of the shorters, we want more bargains.
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Nice times for holders.
Can't help reflecting that it wasn't so long ago that some notable posters on ShareTrader were advocating selling out of shares and sitting tight on their piles of cash/bonds/managed funds etc (Gold was even mentioned.)
Way back in the 1987 crash I cashed out and didn't touch shares again for years. In these Covid times I changed strategies and chose to ride out the covid storm
Sure we may be in the midst of a DCB, sure it is early days, however IMHO time's like this (low interest rates etc) is the time to stay invested because where else can we beat inflation. It is much wiser (in sailing terms) to to trim your sails (get rid of non performing or risky shares) and follow where the winds and tides lead. Those who cashed up are still sitting in port, while those who sailed on and are riding the storm (albeit with trimmed sails) and are heading to some very lucrative ports.
Watch this space when George announce a new CEO in a few months.
Watch this space when Geoffrey Babidge announce a new CEO in a few months.
Current run is seriously insane...