The title of this post can seem silly, but it is in fact a good teaser. It is clear to anybody that it is NOT a good time to sell the Ginko Perpetual Bonds, because they will probably initially go down, and tons of people will sell at any price to get some cash out of them because they need some.
My question now is simple. As it is bad time to sell, is it then a good time to buy ? It is presumably possible to buy such bonds at low price because of the people needing cash. If later the bonds price go up for any reason, this could generate profits.
If any financial specialist wants to comment it, feel free...
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2 comments:
Well, I'm buying bonds at L$0.20 since it probably wont get any worse than that. They came from L$0.15 value so they're going up. As soon as more ppl start buying prices should rise even more.
Imperial Russian War Bonds sell for around US$0.0001 per $1000 face value too!
But then I am a cynic who is in the process of losing US$40,000 on a RL Second Mortgage thanks to the mortgage crisis. My debtor can't get new financing to repay me.
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