Edwin, In a real excruciatingly grinding bear market of which few remember (read Devil takes the Hindmost, purchaseable at AMZN), 9984 will trade at a 50% discount to its NAV, as its management now only deserves a discount. There may be yet another 50-80% downward ride from current levels, assuming Yahoo!s all over the world holds their current collective value. I also question this last assumption, as I believe Yahoo!s can go down by 50-70% still.
I am as energetic in pointing to the downside now as I was with the upside earlier. Stock pricing is probably 35% fundamentals, 35% psychology, 15% market, and 15% technicals. Fundamentals have collapsed, perception of fundamentals has sharply worsened, psychology is changing for the worse, market volatile, technicals ruled by the dwindling braves. I have no interest in fighting, and just want to cower in the corner, with shields up, machine cannons at the ready.
Be careful, and think about unloading during the bounce up. |
