Originally Posted by
CossieRich
Rich,
what companies should people be buying shares in at the moment? While the market its low and comapnies arent worth as much, now must be a good time to buy yes?
The best company to buy shares in, is one that is about to go up.
But as the whole lot could potentially still go down a LOT more yet, im not convinced thats any of them right now. The old rule of the "value of your investment can go down as well as up" applies now the same as ever IMHO
Bear in mind that although the initial 700 billian dollar deal has been rejected, its being reworked and resubmitted, so the market will still have hope it will go through next time, or a smaller scale version of the same sort of plan, so current share prices, although low, still reflect that hope the next deal will go through, IF it gets rejected again, the market could drop again.