Australian (ASX) Stock Market Forum

The official "ASX is tanking!" panic thread

Isn't there a facebook IPO this week in the U.S.?

Tomorrow? Next week?

Won't be surprised to see a bit of a relief rally from this
 
Isn't there a facebook IPO this week in the U.S.?

Tomorrow? Next week?

Won't be surprised to see a bit of a relief rally from this

I was thinking this is the relief rally:confused:

CanOz
 
Blue = Rally

Yup, its a rally...for the moment.

CanOz
 

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I expect the banks to fall further today. Wouldn't surprise me to see a big sell off in the afternoon across the bourse as the more nervous (or smart) pull their money out ahead of the weekend.

To buy or not to buy? :)
 
I expect the banks to fall further today. Wouldn't surprise me to see a big sell off in the afternoon across the bourse as the more nervous (or smart) pull their money out ahead of the weekend.

To buy or not to buy? :)

If you were to buy today, would it be in financials?
 
Wouldn't it be funny if this were a 'Black' Friday and FB is listing!:D

CanOz
 
Wouldn't it be funny if this were a 'Black' Friday and FB is listing!:D

CanOz

I would like to know how Facebook intends on sustaining their exponential growth. Its not a stock that interests me in the slightest(not that I trade us markets anyway).

Looks like we're headed deeper into the red today.. Xjo down.. 40 points?? Possibly worse with an arvo sell off as someone else noted. Now that I've called down its safe for you all to buy, green for sure.
 
Facebook is just another 'muppet suck' - taking $100Billion out of the economy into the hands of a few - it's not good for the market generally looking for liquidity?

Still, wouldn't be surprised to see a bounce rally any day now......
 
Facebook is just another 'muppet suck' - taking $100Billion out of the economy into the hands of a few - it's not good for the market generally looking for liquidity?

Still, wouldn't be surprised to see a bounce rally any day now......

Apparently the predicted market cap after IPO at just over US$104 Billion will be over 100 times their trailing earnings.

What real, tangible products do they actually produce? Oh, vapourware? APPware?

Can you live on a diet of APPS if the fan gets chucked into the cesspit? LOL

IMHO that US$100+ Billion would be better spent propping up companies that actually grow or make tangible products.

Ah well, some feel-good medicine for Mr Market & his band The Speculators in the short term prolly.
 
Apparently the predicted market cap after IPO at just over US$104 Billion will be over 100 times their trailing earnings.

What real, tangible products do they actually produce? Oh, vapourware? APPware?

Can you live on a diet of APPS if the fan gets chucked into the cesspit? LOL

IMHO that US$100+ Billion would be better spent propping up companies that actually grow or make tangible products.

Ah well, some feel-good medicine for Mr Market & his band The Speculators in the short term prolly.

+1. I honestly think it is just going to be a fad and once the hype is over people will regret making zuckerberg the second richest man in America. That's not to discredit what he has achieved. I just can't see these shares rocketing to unimaginable heights.

Big tank today again, few very grumpy fellas at work today;-)
 
Hi all,
not sure about anyone else..but I had a firesale 2 weeks ago...seems to be just in time as well looking at todays results, anyway staying in the side lines for now.:)
 
Hi all,
not sure about anyone else..but I had a firesale 2 weeks ago...seems to be just in time as well looking at todays results, anyway staying in the side lines for now.:)

Same here, I cashed in a very very overweight position on GMG (a large chunk of my SMSF worth about $240k) at $3.70 just last week. It got 4 cents higher at the end of the day, and has been tanking ever since.

Finished today in the $3.30s.
 
Oh crap.

I thought I was getting quite good at catching knives. I bought some BHP yesterday. I thought I was clever, told everyone at work to sell their worldy possessions, family, dogs and buy.

When is this dead cat bounce coming.

I hope I don't have to pull my kids out of their private schools.
 
Oh crap.

I thought I was getting quite good at catching knives. I bought some BHP yesterday. I thought I was clever, told everyone at work to sell their worldy possessions, family, dogs and buy.

When is this dead cat bounce coming.

I hope I don't have to pull my kids out of their private schools.

I take it you're jesting with what's at stake? Otherwise, psychologically preparing yourself for the 'dead cat' this weekend is going to be critical. That is, sell on ANY bounce!

Commodities won't be trending up any time soon, not even BHP. Good luck! Make sure you take some time out to watch Avengers or something.
 
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