For anyone not comfortable picking stocks this chart of Jarvis traded in the UK makes your case.According to Yahoo Finance Jarvis is a railway maintenance company, so an infrastructure company of sorts and it is down 70% today on an earning warning.
I'd never heard of the company before its CNBC Europe mention but there you go.
4 comments:
That's rough, but it doesn't have to be UK, take a look at Novastar or more recently FNM and FRE. Those used to yawners, esp. FNM. Youch!
Have a happy t-day.
Even Jim Cramer knows that you must be diversified. And as you always point out Roger, don't make big bets.
I hope the stock holders have most of their money in other stocks as well. What's scary here are the employees of that company. Could they be foolish enough to be holding a lot of their retirement holdings in "their" company like the former Enron employees? Hope not.
JackS
TomK
Please let us know where you will post your numbers.
Thanks
tom K is still up big time on the year.
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