Originally Posted by Mach 3
True to form - Smurfit dropped a little over 20% this Month. Smurfit having a bit of an uptick today with European bourses.
Are many here buying their wishlists yet?
I’m not entering anything at the moment. I think there is more correction to come. There is a major resistance that must hold on spy at about 253... if that breaks, carnage is coming IMO. Really we could be looking down to 180 or below.
GDP is still growing in the states but you’ve got a massive worldwide debt problem, look at Italy for god sake! Then you’ve got property bubbles about to burst, left right and centre.
I’m in all cash apart from one small long term speculative play (KHRN) which was playing out very nicely until the market started to act up.
What I am going to be looking at entering soon is some well funded uranium companies as I am liking the odds of a uranium boom in the next 2-5 years.
Then of course when the market gets really nasty I will be loading up on great companies on sale ðŸ™ŒðŸ»