Hmm ok thanks guys, might go shopping tomorrow then ;)
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Hmm ok thanks guys, might go shopping tomorrow then ;)
Agree forest that the Chairman knows the fundamentals of the business well and has given it a vote of confidence with his top up. However, I doubt he has any more understanding of where the market is heading right now than the rest of the investing community. While the market direction may not adversely affect Ryman's fundamental business to any large degree, it may affect the short term SP.
Personally I am not buying anything right at the moment.
And if nobody buys then the market has to go down until they all change their mind.
If (really) nobody buys than the market stays. SP can only drop if there are buyers on the way down.
It is bascially a game of chicken. Who chickens out (buys) early gets burned. Who chickens out (buys) late makes only a small gain. Only the ones who buy at the bottom make the mega bugs.
Trick is to recognise the bottom before everybody else does.
Would be interesting to simulate this using game theory.