@magictacis1.. I totally agree there is a huge difference, on one hand we have allegations of bribery, not that uncommon in Africa.. on the other we have the biggest oil spill in history, 200 million gallons caused by negligence on the part of BP.. but th
@Parttimer.. I agree with most of your sentiments, I too am concerned about more dirt coming out.. however I did buy in today at an average of R11.76.. I might well be full of remorse tomorrow for not having sold out by the end of play today, but I am not
I cannot understand the basis of this rule. If you have a rule it has some kind of basis - in experience - this rule seems to conclude that bad news is bad news is bad news- but clearly some is worse than others - BP for example. An arbitrary period seems at best risky. Is the assumption that every thing has been brought back down to basics - i.e. the impact assessed and the share price reflecting an oversold position- hard to believe in this case at this point. Perhaps later?
well two thoughts and both from the interview in which Garth explains them .. it is how the news flows from day 1 to day 2 and then day 3, and it is a trade not an investment .. further does it work 100% of the time? no, nothing does except my wine opener ..