Originally Posted by
Beagle
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Maverick - Mate my thesis is that the nursing shortage is going to get worse as more and more have to isolate due to catching Covid and they are going to have to pay them more because at present the nursing profession is in the hottest demand one in the world and there's HUGE money on offer overseas. The Govt is not going to properly fund nurses here when, (not if) they start costing $100,000 per annum so I'll give you one guess who is going to have to pick up the shortfall in care costs, that's right, shareholders.
We are going to have to agree to disagree mate. Wait until the bodies start piling up and the nurse and caregiver shortage gets even more critical. You won't have to wait long. Nobody can call the bottom, not you and not I. My very recent 1974 Commonwealth Games coin toss is just as likely to be right as it is wrong and has certainly been right so far $1.11 down to $1.05 in a very short space of time.
Who's to say there's isn't another 6 cent decline in short order or 2 or 3 times that ? What I do note is there is no TA signal that I am aware of that suggests a bottom is in...just the "abandoned baby" look to the chart.
Disc: I still hold a 6 figure sized stake but I am not going to try and delude myself this storm is over. I am happy to ride the storm out for as long as it takes but fasten your seat belts folks, more turbulence ahead ! Not backing the truck up yet and not even looking for the keys to warm it up.
Probably toss that coin again in late March if and only if there's some glimmer of hope indicated by TA signals.