I'm not the sort guy to stay I warned you, way back.
Originally Posted by joey View Post
Or be a party pooper, or rain on anyones parade. Has any of you nzo traders/investors considered what would happen in a world recession to the price of oil? It would go down very quickly. Why do I think this? Because I have seen this happen in the 1970's. Gold at the time went to $US850 approximately, which in real terms is about $US2000. The United states of America is now in a recession. Bermuda, have you run the forecasts you are making on the nzo returns or the Pike River Company, if the world goes into recession? China alone cannot be a driver of the world economy if the USA "hits the wall". China's GDP is one eighth of the USA!
All I am saying is this share has a risk factor associated with the price of oil. I think the price of oil is the next bubble to burst. It's a stock for the day traders/traders!
You new investors, think very carefully of how much risk you are willing to take.
NZO is a great stock to trade if you know what you are doing. It is definately not a stock for beginners!
Anyway that's my opinion.
joey
All I hope is not too many first time investors have been hurt badly?????