I suspect the ASX will drop exactly 54 points today..

[Realist]

Not that there is anything wrong with that.

 

[Sean K]

Another buying opportunity for long termers. Maybe you should add some more BHP under $28.00 for the last time in a few years.

 

[Realist]

Yep good idea. Maybe RIO at about $72 or lower would be nice.

If they hit over $100 they may split - 2 for 1 shares then start growing again. Then split then grow, then split then grow.

I'll be a billionaire in no time.

What was the last ASX stock to split?

 

[Sean K]

Maybe RMD.

 

[Realist]

We are down 21 points in 1 minute.

BHP down 75 cents....

 

[mlennox]

panic panic sell sell

meh! strap onto your ponys boys time too ride out a nasty day

 

[Realist]

My shares are taking a beating. I'm down 1.5% in 10 minutes.

At this rate I will be bankrupt by midday.

If my office tower had windows I could open, I would jump..

 

[Sean K]

Can you leave that wig in your will to me?

 

[Realist]

Can you leave that wig in your will to me?

It is my natural hair!! :rocketwho

 

[Sean K]

LOLOLOLOL!!

You are joking right?

Well, um, if not...nice!

 

[Realist]

You are joking right?

No

 

[Sean K]

Nice.

:22_yikes:

 

[Realist]

How are your shares doing today Kennas?

Mine are geting beaten like a red headed stepchild.

I'm thinking of buying PRG and MTN - wot u think?

 

[The Mint Man]

I suspect the ASX will drop exactly 54 points today..

your not far off at the moment

Is this the start of another down???
Reading in the paper the other day, some people/analyst think we have a while to go.

any comments?

 

[Sean K]

Hi Realist.

I'm down in line with the market, about 1%. No drama, just part of the ebbs and flows.

I suspect another bad day tomorrow before the Fed settles nerves one way or the other. I hope. He could also say there'll be more rate rises to come which will scare the hell out of the market. Hopefully he says, 'things are steadying and this could be it for the foreseable future.'

I've been following MTN, but don't like its trajectory atm. It really needs to consolidate around these levels and make its way back above the last high at around .72c before I'd consider buying it. Otherwise it's a day trade option.

My uranium punt money is on RPT, AEX, ARU, DYL and AGS. Had UTO out of GIR but sold on the day of the float.

You've reminded me, I must go out for a hair cut....

 

[Realist]

I've been following MTN, but don't like its trajectory atm. It really needs to consolidate around these levels and make its way back above the last high at around .72c before I'd consider buying it.

So you do not want to buy MTN at 48 cents. You will wait till it goes over 72 cents instead?

Traders confuse me...

48 cents looks good to me..

 

[Sean K]

I think I'd lose money right now realist. The momentum is currently going the wrong way, unless I was going to short it.

Momentum up, would see it go through .72c and maybe beyond.

 

[Realist]

I think I'd lose money right now realist. The momentum is currently going the wrong way, unless I was going to short it.

Momentum up, would see it go through .72c and maybe beyond.

I know, I know.

Traders were keen to buy as high as $1.10, but not now as it is going down.

But if you have $2000 to buy MTN shares. Buying them at $1.10 gives you $1800 shares. Buying them at 42 cents you get 4760 shares.

I reckon it is a goer if it drops a little more.

 

[Sean K]

Yeah it might, but it'd be just a pluck.

There is so much uncertainty at the moment with the market and uranium mining that I think you're better off going with momentum in a stock that has a defined resource and has the potential to get it out of the ground and into one of China's new reactors in the next 10 years. There's not many of those out there right this second.

I'd wait for a turn around.

Of course, unless you're a long, long term player and would be happy to see your cash maybe halve in short time. There's every chance that could happen too....

 

[Realist]

MTN is 47 cents today. It was a $1.32 three months ago.

ASX down 57 points. 3 more to go till I am proven correct!