Originally Posted by
Lewylewylewy
If the NZX does go into turmoil, what happens to shares of companies whole are successful during the period, especially those trading at PEs around the 10 mark? Do they tend to go down and become bargains or do they hold up their value as they're still going strong?
I'm thinking about my holdings in companies like Scl and THL who I expect to deliver some good news in February.
Obviously shares trading at higher, speculative ratios go down amid such turmoil even if they're doing OK, because their prices are based on influence from people doing speculative trading...