RE:RE:a Pipeless_Pauper post from IVOldnagger wrote: Powers that be , who really control the price of this and similar stocks want retail investors to ignore asset values (even when discounted at 10 % ) The big lie is that assets will become worthless as petroleum is replaced by renewables (other than nuclear ) I and many others get finger burn trying to expose the utter stupidity and hypocrisy of these lies. And yet they persist ... Until they don't !!
That day may not be very far away , wise investors will wait patiently and then profit handsomely !!
I think this latest shakeout may very well be one of the last, but hold on tight just the same , The powers that be can manipulate these stocks to a very great extent if investors let them . Hopefully this time around investors are made of sturdier stock !! Even so the dynamics are much more in our favour !!
When I mention powers that be, I am really referring to Blackrock . The original idea was that Blackrock would be a fiuciary trust to hold investments for you in ETF s . Unfortunately , that has all changed and backrock now uses the power that many entrusted them not to use. Unfortunately they are now so big and politicians so out of it ,that no one will dare to,stop them
Watch the following video , it will make you think!!
https://youtu.be/ghP7kImI9WM