Stock Watch - Stock picks — Long4Life and cash
--:--
Alex Duys from Umthombo Wealth chose Long4Life as his stock pick of the day and Independent Analyst Chris Gilmour chose cash.
Duys said: "Long4Life is my stock pick, they had a presentation recently and I'm going to roughly reference Brian Joffe here, we've all been dealt that no one likes and so either you either going to reject these cards and fold or you're going to raise your new cards into opportunities and I think that Brian Joffe really is the right man for that. He's certainly looking for opportunities during this crisis period and if you have to back a certain particular individual in this marker you should certainly back him and at these levels Long4Life is looking very attractive."
Gilmour said: "I still believe that what we're looking at a rally in a bear market. It might not technically be a bear market anymore, more offshore than South Africa but I think so much is now predicated on finding a vaccine and finding a vaccine very very quickly. I think unfortunately some people are going to be very disappointed because of the length of time that's probably going to take so therefore I take the view that we're probably going to see another big downturn in the market in the not-too-distant future and therefore I would just keep my powder dry for the time being."
Duys said: "Long4Life is my stock pick, they had a presentation recently and I'm going to roughly reference Brian Joffe here, we've all been dealt that no one likes and so either you either going to reject these cards and fold or you're going to raise your new cards into opportunities and I think that Brian Joffe really is the right man for that. He's certainly looking for opportunities during this crisis period and if you have to back a certain particular individual in this marker you should certainly back him and at these levels Long4Life is looking very attractive."
Gilmour said: "I still believe that what we're looking at a rally in a bear market. It might not technically be a bear market anymore, more offshore than South Africa but I think so much is now predicated on finding a vaccine and finding a vaccine very very quickly. I think unfortunately some people are going to be very disappointed because of the length of time that's probably going to take so therefore I take the view that we're probably going to see another big downturn in the market in the not-too-distant future and therefore I would just keep my powder dry for the time being."