Bouleversee wrote:I would, but unfortunately no bell is rung when the bottom is reached. I topped up my Petrofac this a.m. as they had dropped a fair bit but started to recover, at which point they went into reverse again. Pretty well everything I own is doing a nose dive at present. I haven't bothered to calculate how many thousands my p/fs are down because it doesn't matter, does it, though the smile gets a bit rictus when companies get taken over or taken private for peanuts of which there are signs at RPC.
Indeed Bouleverse, and I feel your pain over Petrofac and RPC. Reckon between my shares and OEIC I'm about 18k down on capital in the last couple of months, if this isn't the long-predicted downturn then I don't want to see the real one. But then the stock market never seems to reflect the real value of companies - only the instantaneous value of what people are prepare to pay during whatever panic is possessing them. Makes you wonder sometimes if we should all just have bought Shell and forget about diversification.
Presumably Trump's friends and assorted Brexiteers are making money from the current lunacy but the rest of us are suffering.
Renishaw seem like a great company (unless I'm missing something). I plan to follow them closely over the next few weeks and buy in again when/if we see something that looks like bottom. Not my normal LTBH or HYP-ish approach but some value and/or growth would be a definite plus about now.
cheers
Spiderbill