This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

The official "ASX is tanking!" panic thread

Jump to new
skyQuake said:
Because almost any spot is a good place to short in a bear mkt!
Click to expand...

Not if your a skittish, person and place a short today and then panic on a rally tomorrow and have to close out at a loss.

You can lose placing Bullish Bets in a Bull market and Bearish Bets in a Bear market if you watch the market to closely and make rash emotional decisions.

I mean How often do you see people here state multiple reasons that a certain company is wonderful and can sustain through various economic cycles and that they are long term investors, then suddenly they are gripped with panic on days like today.

If you are a trader, Trade.

If you are an investor, Invest.

Stick to your plan is all I am saying.
 
Does anyone know why Lynas Corp jumped off a cliff today?!! It lost 25% in 2 days!!!

And I will probably not touch the share market... for now.. (this week). Too volatile for my heart
 
stu192 said:
Chasero,
Learn about put warrants. pretty much the same as shorting (a bit riskier).....and can be done through all brokers, as it's just like buying shares.
Click to expand...

Warrants suck.

If you want to do these types of derivatives, options are far superior.
 
Chasero said:
Does anyone know why Lynas Corp jumped off a cliff today?!! It lost 25% in 2 days!!!

And I will probably not touch the share market... for now.. (this week). Too volatile for my heart
Click to expand...

Seen the LYC thread? Frankly LYC's performance is not that different to many resource stocks.

KZL -18%
LYC -14%
PNA -11%
CPL -10.4%
PDN -9%
ILU -8.5%
MGX -8.4%
IGO -8.4%

Even RIO is down 6.5% and what was their earning? $15B?

Of the worst performing 30 shares on the ASX200, 29 of them were miners or mining services...
 
Todays market was expensive.

I wonder if there is any relief in sight

Well tomorrow is not going to be any better as the main Euro markets have tanked as well... Will have to wait and see for the DOW, though I don't think it is going to be pretty.
 
tech/a said:
Euroland is delightfully UGLY
Click to expand...

Oh yes.

Looks like some decent capitulation may happen on the asx tomorrow. I'm almost getting a bit blazae about waking up depressed about seeing red every day - even the odd bits of green I've seen this month has been tainted with someone else's blood.
 

Most don't have any idea if the way they are trading has a positive expectancy
Let alone have a blue print which gives them max known peak to valley drawdown over the last 15 or so years.
They have a strategy that " makes sense " to them but with no known foundation of a proven track record.

This statement like many plans sounds great but Doesn't go far enough.
 
Tyler Durden said:
I love it. It means there's a sale on.
Click to expand...

This is the worst analogy ever. But you will often see it in the media from idiots like David Koch.

When there is a sale on in the shops, the benefits you can derive from the products remain the same.

When there is a 'sale' on the stock market, the benefits you can derive from the 'products' are probably no longer the same.
 

But doesn't that assume that market sentiment is always right?
 

Some amazingly silly comments appearing (apart from the "a bargain at these prices" thrill-seekers who never cease to amaze) in a number of threads at the moment, pretty well confirms what you are saying tech/a.

Looks like the PEN pushers are on holidays though, very quiet over there
 
You must log in or register to reply here.
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...