Now don't you go side tracking this thread too..............lol.
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Could not resist at these prices. Topped up at $1.05. Still got some gun powder if it goes goes lower. Half right or half wrong. Time will tell.
First trade just gone through at $1.04...breakdown of previous $1.05 support is ominous. $1 here we come ?
I reckon this bear market has real claws and teeth.
yep all the people that brought recently will be the momentum lower again
Nah....no secret squirrel stuff Winner. I've been quite clear where I sit on the retirement industry:
There are: 1) Regulatory Risks, 2) COVID Risks and 3) Real Estate risks.
These are the big ones in my view and based on those factors and a decent gain I halved our exposure to the sector some time ago.
I do consider the sector a real estate play, not to worried about the care side of things as I don't expect they will make much there.
The sector now 3.3% of my portfolio. I think it was ~ 10 when I sold down.
If the worst thing happens and the rest homes have a disastrous time with COVID and the real estate prices ease a lot, I will consider buying more when OCA is less than 80c. Other than that...happy with my current holdings.
What BEAR market? I guess the bear had a few bad dreams recently, but at the moment it is keeping its head well below the MA200 - just where it belongs :);
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Early stages of a Bear market in my opinion. Might as well lay it all bare and drink some more beer....the wall of worry is too big to climb.