How many members are jumping ship today?
- Thread starter tronic72
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Sean K
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Buying.I sold all my holdings on Fri. Took some small(ish) losses but nothing compared to what it would have been if I'd been in today.
Anyone else selling up?
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Bargain hunting is todays theme.
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I sold all my holdings on Fri. Took some small(ish) losses but nothing compared to what it would have been if I'd been in today.
Anyone else selling up?
Buying - however avoiding the specs and focusing on mid-caps/blue chips.
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Sold out of BOW on friday good profit, waiting for further signals to buy back into BOW again...
Plus keeping an eye on some other small CSG plays....
Plus keeping an eye on some other small CSG plays....
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It's definitely a buying opportunity at the moment. I'm out of cash though... Christmas shopping... holidays...
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4% in two days is a bit tought but riding it out ,topping up on a few at present but as they say ''up by the stairs ,down by the elevator'' how true:chimney:xmastree
chops_a_must
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I've only put on shorts today. We've had two downward gaps off highs that haven't been filled. What does that say? I think we have a little way to go yet. Having said that, I'll be out of my shorts today, and see what happens overnight.
And I've been stopped out of three long trades as well, that are more mid term trades.
And I've been stopped out of three long trades as well, that are more mid term trades.
OK, Seems I'm in the minority (once bitten). Can I ask, what makes you buyers think the drop won't continue? BTW, I'm not arguing, trying to see if there's something I'm missing in regards to where the Market will head tomorrow.
Thanks for your replies
Sean K
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Yep, sorry, should have qualified my position. I have no technical trades on at the moment. Holding things I'll be happy to hold for 2 years and any weakness is an opportunity for me. I'm scalping the spi and gold to ordinary effect right now.
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I reckon there are too many people cashed up on the sidelines waiting to jump in.
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FWIW.......-160 pts on the xjo, long @ 6330
Long LGL @ 335
Long KAL @ 19.5 (after ann)
Short term specs
Long LGL @ 335
Long KAL @ 19.5 (after ann)
Short term specs
Sean K
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I've got a few longs at 6331, looks like it's a descending triangle which I expect to break up a little, unless Asia really throws a spanner in the works. Please don't follow my day trading, I'm crap!!!!
lamot1
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I for one am with you tronic. I have been selling down since October and plan to spend at least the first six months of '08 watching things (especially the US subprime and credit problems) from the sidelines. Recently I have banked some good profits on BHP, FMG and PDN.
I remain in RIO for the moment on the expectation of an increased bid early in the new year. Also waiting for the 2008 iron ore contract price announcement before selling out of MMX.
I remain in RIO for the moment on the expectation of an increased bid early in the new year. Also waiting for the 2008 iron ore contract price announcement before selling out of MMX.
chops_a_must
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I've got a few longs at 6331, looks like it's a descending triangle which I expect to break up a little, unless Asia really throws a spanner in the works. Please don't follow my day trading, I'm crap!!!!
Yeah, I'm long the SPI at 6340 now. Just looking for a 15-20 point move with a tight stop below that previous bottom. Might be time to get out of my shorts for now.
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I double up with how much money i had in the market on Friday.. so it is expected that this week will just go into free fall.. majority of stock I hold I am happy to sit on for six months or so and have found that if I sell out to avoid small drops 4-8% I miss out getting back in in time for when the run i am waiting for happens..
I am wanting to buy CVN but it must be one of the only stocks that hasnt dropped today!!!!
I am wanting to buy CVN but it must be one of the only stocks that hasnt dropped today!!!!
Would CTX help with your need for Fuel? Close to yearly lows on a very modest profit downgrade.
PS. I just bought some CTX at 19.40
Buying/holding.
"Buy when there,s blood on the streets"
How much claret you want? Streets have been pretty red these last few days.
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