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20-03-2020, 11:11 AM
#4041
Originally Posted by Beagle
He's in denial Bull. Its best to leave him to lick his wounds in peace. Plenty of licking to be done.
probably right only trying to help
one step ahead of the herd
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20-03-2020, 04:48 PM
#4042
Beagle and bull delusional and just fed by journalists
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20-03-2020, 04:59 PM
#4043
Originally Posted by Cadalac123
Beagle and bull delusional and just fed by journalists
It's a competition, Cadalac. Whoever spins the scariest story is the winner.
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20-03-2020, 05:13 PM
#4044
Originally Posted by Cadalac123
Beagle and bull delusional and just fed by journalists
I sold at an average of just on $6. A few months later its now $2.25. Some people were calling it a screaming buy around $5.50. I was not one of them. I'll just let those numbers do the talking.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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20-03-2020, 06:12 PM
#4045
Can someone please explain how this is $2.25? I just don't understand. Its at a PE of under 5, they have no debt and the performance of the business is the best its ever been.
Sure things might get hard for a while, but this just dosen't seem logical?
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20-03-2020, 06:16 PM
#4046
Originally Posted by Beagle
I sold at an average of just on $6. A few months later its now $2.25. Some people were calling it a screaming buy around $5.50. I was not one of them. I'll just let those numbers do the talking.
Good call but then you really didnt have many.
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20-03-2020, 06:24 PM
#4047
Originally Posted by JeremyALD
Can someone please explain how this is $2.25? I just don't understand. Its at a PE of under 5, they have no debt and the performance of the business is the best its ever been.
Sure things might get hard for a while, but this just dosen't seem logical?
Its not logical but I can tell you what's been going on over the last few days, a couple of big broking firms have been selling some of their clients shares, they dont have a bottom price so they just keep pushing the price down to meet the market, I will be able to see who they are for sure on monday and the net share sales over the top 100 holders, fortnight before this one the net was positive. PS-My wife bought me a lovely sweat top from the local Hallensteins today and the manager told her sales were steady with no probs with inventory supply at this point, winter stock is already being put out with the summer stock.PPS-Unless the company is about to go broke then the current price is just plain stupid.
Last edited by couta1; 20-03-2020 at 06:27 PM.
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20-03-2020, 06:49 PM
#4048
Originally Posted by couta1
Its not logical but I can tell you what's been going on over the last few days, a couple of big broking firms have been selling some of their clients shares, they dont have a bottom price so they just keep pushing the price down to meet the market, I will be able to see who they are for sure on monday and the net share sales over the top 100 holders, fortnight before this one the net was positive. PS-My wife bought me a lovely sweat top from the local Hallensteins today and the manager told her sales were steady with no probs with inventory supply at this point, winter stock is already being put out with the summer stock.PPS-Unless the company is about to go broke then the current price is just plain stupid.
Like usual institutions will benefit from the weak hands and retail investors will lose out..
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20-03-2020, 06:53 PM
#4049
Originally Posted by Cadalac123
Like usual institutions will benefit from the weak hands and retail investors will lose out..
Yep I wonder how their clients will feel if Friday's report isn't Armageddon and they realise they have been screwed over.
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20-03-2020, 06:56 PM
#4050
Originally Posted by JeremyALD
Can someone please explain how this is $2.25? I just don't understand. Its at a PE of under 5, they have no debt and the performance of the business is the best its ever been.
Sure things might get hard for a while, but this just dosen't seem logical?
No, it's not, but then the whole market has lost its nerve. Everything and anything is liable to be savaged.
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