DELTA sell off, its about time. EU wake up call. The day after US Nov 3!
1) Lately, soo admired DELTA (234) stock, has dropped further... now down 40% since its peak in June. Yet, just a couple of weeks ago various Thai brokers recommended it yet again. Go figure. I think the selling will likely continue and its paramount now that Thai brokers adhere to the force-sell rule on margin trading. This is always a mkt. risk as in the past, often was not handled correctly, per exchange rules. DELTA is a solid company, but its stock price was always way overpriced and hyped. While most Thai brokers love to hype uber-trading, vs. investing. Now they may pay the price of lost customers and more.
2) I here thought for some time Western Europe is in shambles... it now looks like finally waking-up to the utter-unpopularity of their political leaders there -for so long....a bit pathetic if not sad. Whatever happened to Western acclaimed Democracy? In the meantime all eyes and ears and more are on US midterm elections where the real test will be post November 3, when the counting begins and the looser must accept strong Democracy voted opinions -or will he? If there is a broad global sell-off on this, it will be perhaps one last real chance on picking ultra high Thai dividend stocks in quality companies, as I know them.
Paul A. Renaud.
