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The official "ASX is tanking!" panic thread

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divs4ever said:
am not normally agile enough to pounce on the bottoms ( or sometimes get a part-filled order when i do )

isn't so bad with LICs either ( especially if still cum. div )
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Im going lower ...
I’m looking at AXJO Bull Put credit spread at 5800/5400 for March17. Delta is about 0.12.
Gunnerguy
 
well several friends over the decades have called Lucky , but it is hard to run a portfolio on luck ( but have had a few wins anyway )
 
The swings on the ASX indexes are pretty impressive. There must be some traders out there either doing really well or watching their boat being torpedoed.

I suppose it all looks like a giant game at this stage but if/when these swings become unmanageable and there are serious consequences for financial institutions, companies, financial intermediaries ...
 
doesn't the ASX still have a circuit-breaker , to stop extraordinary swings in the market
 
Why the hell isn't Costello using the Future Fund to act like our very own Plunge protection team?
I mean, what else does he get paid all those bikies for ? (as well as his nice parliamentary pension).
Mick
 
mullokintyre said:
Why the hell isn't Costello using the Future Fund to act like our very own Plunge protection team?
I mean, what else does he get paid all those bikies for ? (as well as his nice parliamentary pension).
Mick
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last i heard Peter was trying to urge reform so retiring beneficiaries wouldn't drain the fund of capital ( so they could still get offered those sweet investments .. so they can earn some returns on investments )

i am also guessing that is why ' the Super Fund on last resort ' wasn't made a clone of the Super Fund ( would have been too tiny to get the good offers and at least cover expenses )
 
I do not personally like any artificial market control, we have enough play as it is; so if we have a protection, the goldman sach& Cie will learn about it being trigger before it happens, this is a given while the commonners will suck dry stones..no thanks
 
the internet South of Brisbane is currently less than brisk
Bell is lagging more than ASF and Commsec

but i only filled two orders today ( on Bell ) equal to Tuesday so it wasn't me ( wink )

seems to be working for me now ( on Bell )
 
qldfrog said:
Bell direct tonight seems unable to give me my portfolio value..i assume unexpected traffic...
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all good now,so Bell Direct is back with heavy activity on the website.
ASX definitively tanking;
got losses on systems, heavy fall on my gold miners: NST NCM .. end of month gold manipulation so all in line and normal
but more surprisingly:

Not a good signfor the ASX if these types of shares drop like a Melbourne mobster in the Tasman strait
 
i need RFF below $1.60 to tempt me to add more ( i already participate in the DRP )

i note Commsec has the XJO 12 month high as 7,632.800 points

so minus 10% is 6,869.52

minus 20% is 6,106.24

minus 30% is 5,342.96 ( what i consider the START of a crash )

... and i had better stop there or half the members will not be able to sleep well tonight
 

Sharemarket falls: seven things for investors to consider​


Sharemarket falls: seven things for investors to consider

Stockmarkets have fallen in recent weeks on the back of worries about inflation, monetary tightening, Omicron disruption and the risk of a Russian invasion of Ukraine. It’s too early to say markets have bottomed.
www.firstlinks.com.au

DYOR

( remember i am looking at this as a potential buying opportunity )
 
Gunnerguy said:
Im going lower ...
I’m looking at AXJO Bull Put credit spread at 5800/5400 for March17. Delta is about 0.12.
Gunnerguy
Click to expand...

I didn’t have the guts to sell this spread the other day, ‘my bad’ as is said nowadays.
Even with 30 years investing/trading emotions get in the way.
My options trading is just for extra beer money (greedy), and hedging my long investment portfolio.
Nice uptick today with IV increasing and higher premiums to potentially sell.

Gunnerguy.
 
waterbottle said:
Big bounce today. Correction over?
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Dip buyers are certainly in the market, but are they the strong hands or retail buyers?

I myself don't have a bloody clue.

But I do sense that the overall drivers of the market are starting to change and that be headline economic stats are undermined by a lot of the more detailed stats.

I reckon the poo is in close proximity to the propeller.

When it actually hits is anybody's guess.
 
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