The ASX to plummet 132 points today?

[mit]

I don't see a huge bounce occurring at close today (Hope I am wrong). I think this will be one of those day's that grinds lower all day. I'm going to sell some shares at open and am going to buy in when the correction bottoms out over the next few days. I think it might be a good time to pick up some resource stocks RIO is showing an open of $76

MIT

 

[CanOz]

a random gues from me- 200.

I guess it closes at 5814, so 179 points down, maybe a little support there.

Cheers,

 

[Kimosabi]

I think this is appropriate

Luckily for me, I bounced most of my money out of the market a few weeks ago...

 

[professor_frink]

futures opened dn 220 odd

 

[Techbuy]

They say don't buy on the open but I follow about 10 stocks like a lover and I have my buy orders in ready to jump in on the open. This is like going to a party... Bring it on....

 

[sam76]

down 190 at close

 

[imajica]

the market will bounce back soon enough - it always does

 

[Agentm]

i guess when you greenspan the best way to make a quick buck is park your money on the sidelines, make a comment and wait for the bloodbath..

pity i wasnt in the know with him..

i think a lot of investors are going to sell for no reason and press that sell order.. if you sell you are going to get burnt..

good luck to all buyers, enjoy the bargains

 

[Warren Buffet II]

Let the pain begin.

WBII

 

[Sean K]

I think initially 200 ish, then pull back up to 176.

 

[imajica]

people with no kahunas will get burnt

 

[Kipp]

Fortunately is 11pm here in Edinburgh... so I get to sleep through the carnage...
Take it easy- as the Pacer would say "it hurts alot less with a bourbon in hand"

 

[CanOz]

5905!!!!!

 

[Realist]

Let the fireworks begin

 

[Mousie]

Sell, people, sell, and allow people on the sidelines like me pick up great bargains...let em come baby...

 

[Aussiejeff]

1st Crash Casualty ... STOP

COMMSEC unable to cope with flood of panicked button pushers! Website down ... STOP

Cheers,

AJ

 

[nioka]

You will only lose money if you sell. Think about it ,is the company you hold shares in really worth less than it was yesterday? I've checked my portfolio and there is nothing I want to sell. They will all come good again.

 

[dj_420]

agree, although im overweight with miners and only have 5% in cash, i think i will have to hold as comsec has crashed!

doh! looks like im going to be holding for the long road to recovery!

 

[Realist]

agree, although im overweight with miners and only have 5% in cash, i think i will have to hold as comsec has crashed!
!

Commsuck must have screwed over alot of traders today!!

Useless!!

I sold thousands of dollars of load testing tools to the morons a few years back.

They can test it so easily!

 

[Aussiejeff]

Hahaha!

I love how Commsec's website seems to crash every time the market moves + or - three to four %.. VERY robust technology! Inspires confidence in all....

NOT!

AJ