wayneL
VIVA LA LIBERTAD, CARAJO!
- Joined
- 9 July 2004
- Posts
- 25,966
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Man oh man - what a week to be away for! I'm a bit overwhelmed by the good cheap stocks to buy.
Is anyone else thinking that the potential for another recession means oil and gas are now a bad bet?
Apart from that, does anyone give weight to the theory that last week was a result of some sort of leakage/corruption between S&P and hedge-funds who got wind of the US downgrade before it happened?
Could the downgrade possibly be priced in, or will the market dive again on open tomorrow?
If ever sarcasm was going to be totally justified, it's in this post. Completely agree, and ditto anything from the ratings agencies.Phew! That's a relief! It sounds like everything is going to be A OK then! We know we can rely on those American Banks to know which way things are headed, can't we?
After all those banks proved their superior financial/economic mettle when they wrote up all those wonderfully sustainable loans (sub prime etc.) during the past couple of decades. So we can definitely count on them to know what the future holds, right?!
Gee whiz matey I am holding thousands in losses at the moment which I will have to take today but I asked myself this question. Would I buy any more stocks in the now. Simply, I will not. Went through the last market correction and am gonna watch from the sidelines this time.It seems noone is willing to make any predictions...
I have a feeling that its going to crash further.
But there is a rally in sight. Just a matter of when.
I might wait for this rally, and then sell off some of my more sensetive shares..
Hmmmm, this is a time for some smart trading. Shame I'm not yet a smart trader.
Need a mentor haha
Define "cheap".
But there is a rally in sight. Just a matter of when.
Gee whiz matey I am holding thousands in losses at the moment which I will have to take today but I asked myself this question. Would I buy any more stocks in the now. Simply, I will not. Went through the last market correction and am gonna watch from the sidelines this time.
I notice there are people going in to buy the open of the big caps this morning.
Yes, aiming for my index shorts to cover the stock losses.Y
So you are going to sell off today and take your losses then?
Yes, aiming for my index shorts to cover the stock losses.
Hmm, looking at opens at the moment.
Alot of mine will open in the red, but not hugely.
Some have no open pricing just yet.
Fuuuuuck this is hard.
Ride the wave or bail out. hmmm
Careful. ASX might suffer v.slow performance in opening hour due to massive Net traffic (as has NZX this morning). Could be tricky for insta-trading!
Just saw NZX All heading towards -3.5%
Good luck...
Do you mean be careful as in, my sells might not get executed? or?
I may just hold on and top up on my favorites.. ANZ will undoubtedly go back up and AUT is solid.
Just a matter of sell now and by back in lower, or just wait.
So hard for me to take a loss, stupid mentality for the sharemarket though.
http://www.stuff.co.nz/business/world/5404910/NZ-market-tumbles-in-wake-of-US-credit-downgradeThe NZX's website struggled to cope with demand as market watchers worldwide looked to New Zealand's sharemarket - the first to open this week.
The site was unavailable at times this morning, leaving market watchers in the dark about share prices in one of the most anticipated trading days of the year.
NZX spokeswoman Rowan Macrae said the issue was one of capacity.
"The sheer volume of data requests being put through has slowed things down,'' she said.
"It's absolutely capacity. It's huge this morning.''
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