28 Dec 2001 OXB closing price was 33p and 29 Dec 2004 was 17.5p a reduction of 47%
- there were approx. 450 companies that were down by more than 47%. There were approx. 980 companies down altogether compared to the relative dates, so approx 35% of all the market went down, so the odds of picking one that was going to go down were pretty good!!!!
However, statistics can always be manipulated to whichever argument one wants to take and so are basically unless there is a balance and so to prove a point - consider the following comparative using the 30 December 2002 and 29 December 2004 – two years back.
30 Dec 2002 OXB closing price was 6.25p and 29 Dec 2004 was 17.5p an increase of 180%
- there were approx. 245 companies that were up by more than 180%. There were approx. 1532 companies up altogether compared to the relative dates, so approx 55% of all the market went up.