because i thought 100c was the lowest it could possibly go...besides, look at all the information coming out regarding platinum lately....prices have fallen etc, i dont see any reason why this share would rise...i see it continually falling...
The waiting game: the best price is that price when fundamentals are still good, but price is down becos of noise...every now and then the market serves a bargain(buffet I think said that....).Platinum mines want a bank bailout, you might as well buy banks?
I am not shooting down the principle of buy low sell high, but for us small investors, there is also the principle of the time value of money. If you are limited to spreading your capital amongst say 5 or 6 stocks,(a strategy much championed by Buffet) you certainly don't want any of those stocks to be parking off at the bottom for 5 years when you could have channelled that money into something currently on a growth cycle.
If you're prepared to play the waiting game why not just buy the best platinum shares around - Implats, Lonmin etc. ? These blue chips are the first that will run when the industry get back on it's feet. Why add additional risk by buying something that might not survive this consolidation in the market. Blue chips are always the first to return to former glory because they usually have the capacity to with stand turbulent market conditions. I believe that the platinum market needs to shake some of the former players and have some consolidation among the mid tier players before we'll see the light in this sector.