Australian (ASX) Stock Market Forum

The official "ASX is tanking!" panic thread

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Well all I see is more glug glug glug. And the Bell Direct chickens are screaming the sky is falling as well, apparently.

The US has a lot more to fall as well imo.

Might have a few drinks and watch the opening later, to make a night of it. :horse:
 
NewTrade said:
MQG is not $100, its $24 respectively at the moment.
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"It's $24 respectively". What does 'respectively' mean here? How did you come to the price of $24?

I will be holding this for a couple of months or more, or until the stop/loss triggers. I am confident in a slight uptrend to come, depending on the foreign markets.
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Could you perhaps outline the basis for your confidence and how this relates to foreign markets?

My optimism in 2007 would have quickly ended during the pre/post GFC.
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If your optimism would have ended pre-GFC, can you say at what point and why?



NewTrade said:
Next week will be a better week :)
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That sounds promising. What's the basis for this confidence?

Struzball said:
I'm curious, at which point would your optimism have ended during the GFC? 10% from the peak? 20% from the peak? 50% from the peak? Hindsight is 20/20.

For me it was March '08, at a significant loss. I assume your optimism will end once your stop loss is reached?

This time my "optimism" ended August 8 2011. Not that I've been overly optimistic about anything for the last two years, but that's when I went to 100% cash.
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+1.
 
$24 was the market price at the time; it is just rather volatile. I only read charts as best I can and take the time to read broker research and fundamentals as well as announcements - nothing fancy.

"Next week will be a better week" - was like saying Tomorrow will be a better day.
 
Mmm 53 posts in this thread today, 2 posts yesterday and 2 posts the day before yesterday...and all that because we failed by what...110 odd points to get level with where we were last week when the ASX actually did have a bit of a tank. :rolleyes: :rolleyes: :rolleyes:

Is the fact that we didn't actually tank the badly today an indication of anything? some market resilience perhaps....i think market bashing threads have something very much in common with Labor bashing threads.

Popularity. :rolleyes:
 
So_Cynical said:
Mmm 53 posts in this thread today, 2 posts yesterday and 2 posts the day before yesterday...and all that because we failed by what...110 odd points to get level with where we were last week when the ASX actually did have a bit of a tank. :rolleyes: :rolleyes: :rolleyes:

Is the fact that we didn't actually tank the badly today an indication of anything? some market resilience perhaps....i think market bashing threads have something very much in common with Labor bashing threads.

Popularity. :rolleyes:
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The market dropped like a sack of **** from 4700 to 3800, and crawled back from the grave and hit a wall at 4300, yet you are calling this a "bashing" thread - why?
 
Japan on edge after strong quake prompts tsunami alert..faaaarrrk! that's all we need to add to the mix, more natural disasters in the land of the rising sun...our biggest trade partner...if it happens (fingers crossed it doesn't!) that should for all intense purposes put them in a recession...and no doubt further 'sentiment' and 'influence' will push the asx/all ords lower...

TAH down 34c after posting $500mil profit only a few days ago...gonna have to top up sooner or later...it's like the gfc all over again for bargains :)
 
trading_rookie said:
Japan on edge after strong quake prompts tsunami alert..faaaarrrk! that's all we need to add to the mix, more natural disasters in the land of the rising sun...our biggest trade partner...if it happens (fingers crossed it doesn't!) that should for all intense purposes put them in a recession...and no doubt further 'sentiment' and 'influence' will push the asx/all ords lower...

TAH down 34c after posting $500mil profit only a few days ago...gonna have to top up sooner or later...it's like the gfc all over again for bargains :)
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6.5 quake was yesterday, and futs grinding higher :)
 
true...technically it's now Sat morning, ... I just logged into my yahoo mail account (still at work), and saw the headline.

Futures up...that's good :) no it's not...gonna have impact on my aussie bonds surging higher ;-)
 
Ves said:
The market dropped like a sack of **** from 4700 to 3800, and crawled back from the grave and hit a wall at 4300, yet you are calling this a "bashing" thread - why?
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Why? :rolleyes: Perhaps you some how missed the bit about 53 posts today vs 4 posts on the 2 last up days.
 
So_Cynical said:
Why? :rolleyes: Perhaps you some how missed the bit about 53 posts today vs 4 posts on the 2 last up days.
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It wouldn't have anything to do with the fact that it is "The official "ASX is tanking!" panic thread" now would it?

It is the topic at hand isn't it. :rolleyes::rolleyes:
 
So_Cynical said:
Mmm 53 posts in this thread today, 2 posts yesterday and 2 posts the day before yesterday...and all that because we failed by what...110 odd points to get level with where we were last week when the ASX actually did have a bit of a tank. :rolleyes: :rolleyes: :rolleyes:

Is the fact that we didn't actually tank the badly today an indication of anything? some market resilience perhaps....i think market bashing threads have something very much in common with Labor bashing threads.

Popularity. :rolleyes:
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Ves said:
The market dropped like a sack of **** from 4700 to 3800, and crawled back from the grave and hit a wall at 4300, yet you are calling this a "bashing" thread - why?
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So_Cynical said:
Why? :rolleyes: Perhaps you some how missed the bit about 53 posts today vs 4 posts on the 2 last up days.
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wayneL said:
It wouldn't have anything to do with the fact that it is "The official "ASX is tanking!" panic thread" now would it?

It is the topic at hand isn't it. :rolleyes::rolleyes:
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So by definition this thread is restricted to those among us in "panic" mode and other posters wanting to challenge the irrational comments with structured response should find somewhere else to post? :rolleyes:
 
nulla nulla said:
So by definition this thread is restricted to those among us in "panic" mode and other posters wanting to challenge the irrational comments with structured response should find somewhere else to post? :rolleyes:
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Did I say that? Please don't assign to me something I did not say. :rolleyes:

I just pointed out that the actual topic of discuusion is likely to dominate the post count. One should not be surprsised by this. :rolleyes::rolleyes:
 
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