Pimpy

  In Pimpy's Investment Chat

I know yesterday’s news was pretty exciting but…we need to just take a deep breath and slow down…Both budgets [2020 and 2021] are going to be submitted at the same time.  Very very interesting…we saw the news article yesterday it was implied that a rate change must be considered in this paperwork…that doesn’t mean anything other than it’s being considered. Okay slow down a little bit.  Like I said when we’re investing don’t get overly excited when it’s good news and don’t get overly down when it looks like negative news.  There’s reasons to be excited, plenty of reasons but I don’t want people to get overly confident…that’s important for us to say grounded.  It’s a low risk high reward situation but there’s no guarantees on any investment.

Nobody knows what the rate’s gonna be.  Nobody.  I’ve had people approaching me about some of the most ridiculous things I’ve ever heard – $4.00, $5.00, $10.00 for the rate exchange…there are reason to speculate about a particular rate.  I’ve used past articles.  I’ve used past CBI meeting readings.  I’ve used past discussions between the government about the rates that they have discussed to try to get an idea but nobody knows the rate.  So you guys just slow down a little bit.  I understand it’s exciting.  It is very exciting.  We have not seen any kind of real discussion on anything to do with the dinar in quite some time but…they came out and said ‘look one of the things that have to be taken into consideration is we have to do something about this rate so we could be competitive on an international scale’ – for the record Pimpy said that months ago.