Australian (ASX) Stock Market Forum

How much have you lost on shares in the last 3 days?

Bluechips are always the first to be way overvalued during a bull rush so I guess they are the first to get smashed.

So you are telling me BHP, Westfield, RIO and IAG are overvalued?

Yet MTN, BMN, EVE, FDL, PDN aren't?

Gimme a break, the bluechips are not overvalued. They are making huge profits.

The specs aren't making money they are spending money.

Over the short term the sharemarket is a popularity game, over the longterm it is a weighing game.

Companies that do not make profits aren't worth anything.
 
I don't mind the look of that start, it *had* to go down, but 23 points isn't too bad considering all the negative sentiment and the falling international markets / base metals.

The last few weeks though, it starts like this, heads slowly up or down, then just DIES at the end when I go to bed, maybe if I stay up all night it will go up!
 
ctp6360,

That is classic, i'll let you give it a whirl first though so as not to lose any of my beuaty sleep. If it works out for you though let me know, I may quit my day job and stay up all night with you then sleep during the day. Somehow though I get the feeling it would work for a little while, I'd fall into a comfort zone and wake up one night to see all my stocks delisted.
 
nasdaq and dow started in red but are now up a little on my screen... for how long :dunno: mabey a day mabey an hour. no clear direction lately.
 
I'll tell you this much guys I'm going to get myself a Red Bull and vodka, if my consciousness is boosting this market to +38.26 then sleep is the least of my worries!

Can anyone provide any explaination for the initial spike in the US markets, as much as I would like this to be the bounce we've been waiting for, my gut tells me that even if today finishes positive, this isn't the end of the pain!
 
REALIST the way things are going you should re-name the thread to how much have you lost in the last 3 weeks :swear: It looks like its happening again today thank god i wont be near a screen for most of the day ,good luck everyone :bekloppt:
 
I'm still predicting bottoms of ...Rio $65 and BHP $23....

Everyone sing along now.......you gotta know when to hold em, know when to fold em, know when to run away, know when to fight ..............

COME ON, LOUDER

Dont count your money till the dealing's done......YEEEEEEHHHHHHAAAAA!
 
Well today was the day.
BHP dropped through $25, gold left $600 way behind, and that was my signal to have a fire sale.
Pulled out 10k at a loss of 3k :behead:

Still have my BHP and AED holdings, and intend to keep them for the long term. If oil goes under $60, I'll have to rethink AED.

Total loss - 3k realised, 1k on paper.

Although I've taken a hammering (and deservedly so in light of some poor decisions), I'm not quitting stocks just yet ;)

One major thing I've learned is not to be too UNemotional! I backed myself and bought based on what I believed to be good fundamentals. I also dismissed much of the selling thats gone on in the past few weeks as irrational and without fundamental grounding.
Hmm mistake!
I guess I need to realise that if a ton of people decide that its now time to bail a market, no amount of fundamentals will keep them in!
Best in such circumstances to bet with the herd than against them methinks.

Time to go learn about shorting...even if I don't use it now, it will be useful someday in the future.
 
The worm has turned.

The bears can go back in hibernation for another year or so.

:)
 
Got this in an email from my mate.....


Dear readers,
GGGGGGGGGGGRRRRRRRRRRRRRRRRRRRRRRR

I'll be Back !!!!!!!!!!!!!!

Lotsa Luck GGGGGGGGGRRRRRRRRRRRRRRRRRRRRRRRR

Signed ....THE BEAR
 
lol. I expect the bears will be back too. All it needs is a few Fed officials to mumble something for the markets to turn red it seems...well at the moment at least :)
 
lewstherin said:
lol. I expect the bears will be back too. All it needs is a few Fed officials to mumble something for the markets to turn red it seems...well at the moment at least :)

Agreed. Last Friday and today make me think that the Aussie Market wants to recover (at least temporarily) but we seem to be linked to what's happening in America.
 
1st time i see the index is green, hoping this is a good sign...asian market seems to be in the green zone as well... no more red pls :banghead:
 
lol...everyone on this forum should do the opposite of what I do. I liquidated most holdings around 10:30...just before the intra-day bounce started :p
I just have to laugh about it to stop from crying :eek:
Of all the days the ASX decides NOT to follow the Dow...
I really hope I'm vindicated at some stage...
 
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