Originally Posted by
HKG2301
Fascinating reading this thread, surreal in places. Hard to believe that anyone in an investors forum would admit to having 90% of their portfolio invested in a single share – let alone be proud of it! It smacks of speculation (if not outright gambling) which makes emotionless, clear thinking on the subject almost impossible. Witness the bias here to only positive, bullish comments. No room for healthy, pro & con discussion, that would be dis-loyal!
We live in interesting times. Much of the investing world is in denial about the paradigm-busting economic & social effects of Covid, which is not surprising given the hot mess in the US. IMO, most markets are way overpriced, but out of challenge comes opportunity and some shares will benefit going forward. Many others will sink without trace. Difficult to say which, when risk abounds: a global plague, a madman in the White House, power-struggles in (and from) China. And who’s to say there’s not another black swan lurking?
Personally, I see ATM as one of the winners and shake my head at the NZX-ASX battle that’s going on, which can take the share price from +4% to -5% on the day of a relatively good Annual Report. However, the balance of risk is positive: down-side, perhaps $13-ish v’s upside, a return to the $20 range. China will decide, ultimately, not the shorters. In fact, I’m rather looking forward to the inevitable short squeeze. Hence accumulating at these levels...
Just my tuppence worth.