The ASX to plummet 132 points today?

[KIWIKARLOS]

I say Buy, Buy, Buy ! you could really pick up a bargin today.

 

[tomcat]

I havent been able to get into commsec at all...there phone lines will be insane today with very unhappy customers.

 

[Aussiejeff]

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!

HA! You sold the tools to MORONS you say? Well, no wonder they suck so bad!!! Shame on you...

AJ

 

[mrWoodo]

Yes if you could all please refrain from using ComSec for the next five minutes, I'll be able to get in and have a look at live data! I trade using NAB but with 20min delay - all my stops are set to ignore 10-10:45, I'm guessing I'll be getting a few sms's at 10:45

 

[Aussiejeff]

I say Buy, Buy, Buy ! you could really pick up a bargin today.

Hmmm. A fast bicycle courier could make a mint today transferring paper buy bids to the dizzy Commsuck traders on the floor...



AJ

 

[djones]

See how much they drop first.

MTN stormed up the other day, it'd need to drop well more than 10% for me to want more at the moment.

If they drop 3% it is irrelevant.

CUrrently down 16%. Im strongly considering it.

 

[Agentm]

i am too busy trying to mop up the floors with this bloodbath going on to look at the screens..
did yogi manage to predict this?

and i assume all the chartists had this one under wraps and sold yesterday..

in a week this day will be forgotten

 

[petervan]

The companies are still operating. consumers are still spending.short panic selling followed by bargain hunting.Could be messy for a day or two.Shows how big China has become.China sneezes -- you know the rest.

 

[mit]

Just going to say that I have no problem with Commsec and it just bounced me out then! My portfolio is just starting to go back up in value so this mornings bloodbath could have hit bottom, could be continued this afternoon.

MIT

 

[KIWIKARLOS]

The Sky is falling, run for your lives. Were all gonna die! :

Sucks for day trading, looks like my short term investments just became medium-long term instead.

 

[HRL]

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.

Damn right. The companies I have invested in are still heading in the same direction as they were yesterday and last week and the week before that regardless of the current sp.

Whether the resource boom is over or not can somebody please confirm for me that the billions of people around the world no longer need the oil and gas and every other resource being produced. That would be useful information.

 

[Realist]

Down 196 now. I'm tipping a recovery today!

Wait till China opens at 12:30 that will be the turnaround... Or the end of me.

Jees I was stunned how much I had lost when I finally got into Commsec.

I was a rich man an hour ago. Now I'm poor..

 

[j4mesa]

Let's turn off our computer and do something else........not in the sense of being ignorant though...........

Like the quote from Warren Buffet :
Share Market is the wealth transfer place from the impatient to the patient ones....

 

[TheAbyss]

Despite the last 12 hours Nickel is in the green. Has anyone a list of Nickel producers they can post? Possibly get some cheap today.

 

[Realist]

Down 192 now, so I reckon we've hit todays bottom.

Depending on how China goes of course.

 

[Realist]

Down 180 now, bargain hunters coming in.

Still need quite a rise to get to 132...

 

[brendan87]

There also healthy drops (for BHP/RIO holders) in Nickel and Copper stocks yesterday so until there is any evidence that a stock market blip (which wiped out less than 3 days of gains in Shanghai) will affect demand for metals...Im long in the miners. Also the uraniums took a massive hit today - also better value (could never say cheap....but then again, is spot uranium cheap?). Don't forget who commissions nuclear plants... the Chinese government, who clearly doesn't give a crap if shares drop 10% in a day and don't forget than speculators can't buy uranium anyway. In my opinion, uranium stocks just got 10-15% cheaper with no fundamental changes in demand for uranium... Nice.

 

[TheAbyss]

Can anyone tell me when margin calls are calculated? As i understand it prices are calculated on closing price so they wont look at it till after the bulk of the carnage is over and people have had a chance to assess and stop being reactive.I just want to know if i am going to get a margin call so i can decide how much i can buy in the next few days.

 

[speves]

Despite the last 12 hours Nickel is in the green. Has anyone a list of Nickel producers they can post? Possibly get some cheap today.

AUZ took an 18% hit but making a ripid recovery...try to get in at 8c and youve picked up a good deal IMO

 

[Realist]

On the ASX 200 only 1 stock is up - Flight Centre.

About 5 have not changed, and 194 have dropped.

MRE is one of the worst drops...