Israeli and Foreign corporations are in desperate need of cash and are selling everything that still has a demand at firesale prices. The main stock I own collapsed another 16% today. 16% in one day. I am now four years back. No good.
1 comment:
Anonymous
said...
Me too, I am buying Rio Tinto Zinc as and when I can; the bid by BHP Billiton was withdrawn yesterday and the stock, already more than 60% off its peak, fell by another 35%. I will continue to buy, and just see it as a form of averaging down, which is frowned upon by experienced investors. But RTZ is one of the richest companies on earth; what this says to me is that there is a lot of short-termism in the markets.
1 comment:
Me too, I am buying Rio Tinto Zinc as and when I can; the bid by BHP Billiton was withdrawn yesterday and the stock, already more than 60% off its peak, fell by another 35%. I will continue to buy, and just see it as a form of averaging down, which is frowned upon by experienced investors. But RTZ is one of the richest companies on earth; what this says to me is that there is a lot of short-termism in the markets.
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