Who else is quietly shaking their head?

[Trader Paul]

..... and it's not over yet, folks,

Just have a look at your XJO chart since 09-10122007, then go to the
link, below:

https://www.aussiestockforums.com/forums/showthread.php?p=248617#post248617

FWIW ... we expect some more nasty financial issues to surface this week,
probably around 23-24012008 ...


have a great day

paul



=====

 

[rub92me]

Would be interesting to see if anyone has done any analysis of the trading volume in this shakedown. Looking at the more speculative end of town, although we're seeing spectacular drops, I'm not seeing major volumes to go with it (no buyers, reluctant sellers). That may change if we get another big red tomorrow though, which could cause the real capitulation of the 'penny dreadfuls'.

 

[bigt]

Yes, kind of jacks me off to see my paper profits disappear by small fry selling 500 shares at 50c. To see my portfolio drop 20% on less volume than one decent, "normal" sized trade is disheartening, though at least the low volume is a minor positive. I have to keep re-enforcing the "bought for 12 months, bought for 12 months" plan... I'm confident she'll pull back, though will take some time for the insanity to calm and confidence to return.

 

[shaunm]

I just couldn't take it any longer. My stop losses have been gapped among other things.
The prospect of losing even more has led me to getting out. My tail is frimly between my legs and I'm sulking in the corner.
I guess I'll get back in when this all blows over (if). Besides I will have to find a way of recouping my losses. Sh*t!!!!
This is a painful learning experience for sure.

 

[Snakey]

Well Snakeys full to the neck of scared rats
now wheres that dead cat?

 

[Poker]

The American indices will tank tonight in reaction to the global rout and in turn the world will react to the fall in America and tank again tomorrow and the cycle will continue (in the short term). Keep shaking the heads

 

[Snakey]

The American indices will tank tonight in reaction to the global rout and in turn the world will react to the fall in America and tank again tomorrow and the cycle will continue (in the short term). Keep shaking the heads

until all the prices are 0.00 ...Right???

 

[Poker]

until all the prices are 0.00 ...Right???

Of course That is EXACTLY what i was getting to

 

[chops_a_must]

until all the prices are 0.00 ...Right???

ROFL.

I'm starting tothink we might get a better day tomorrow. Anyone wanting to... apart from needing to... will probably have sold today.

Do I think this will reverse sharply and be anymore than temporary? Nup. Am I game to go long? Nup.

 

[Nyden]

ROFL.

I'm starting tothink we might get a better day tomorrow. Anyone wanting to... apart from needing to... will probably have sold today.

Do I think this will reverse sharply and be anymore than temporary? Nup. Am I game to go long? Nup.

It all depends on what the US does. If all the fearful sold out today, we would have seen far greater losses. If the US gives us red, little alone heavy red tonight, tomorrow will be a massacre, and as will the remainder of the week.

Who has the guts to hold in this market over a 3 day weekend? I doubt many.
& If the US crumbles on Friday...heh, next Tuesday we'll plummet again.

I can finally enjoy my long weekend now I can sit out in the sun, & not worry about losing money on Tuesday. Financially, emotionally, & psychologically; best move I made in getting out.

 

[ironchef]

I bought 2000 paladin shares yesterday at 5 bucks each. I'm just digging myself deeper and deeper in.

I remember I used to curse when I ended the day with just under a grand drop in my portfolio.... Right now, I'm in a daze.

 

[MegaV]

I wish i can turn back time to sell out of the market in july when the market was at its peak and buy in now.

 

[Nyden]

I wish i can turn back time to sell out of the market in july when the market was at its peak and buy in now.

Mega, don't think like that. Dwelling on the loss or even loss of profit will do you no good at all. In fact, it can hinder you.

When you trade with the intent of 'getting losses back', subconsciously you tend to take more risks, & act more irrationally. Which obviously isn't a good thing

 

[tronic72]

Nyden: If all the fearful sold out today, we would have seen far greater losses. If the US gives us red, little alone red tonight, tomorrow will be a massacre, and as will the remainder of the week.


I've seen a few people mention this sort of thing and it makes no sense.

For every buyer who sells, there's another who's bought in.Up until recently I was one of those buyer. If those new buyers are still getting pounded then they will continue to sell. I can't see any short term good news that will stop that cycle happening in the short term.

For the record I agree that this current selling is overkill but the Market has been expecting this for a long time now and I predict it will take on a life of it's own once it starts. The US will take Europe's lead and the rest of the world will take their lead and so on. There simply won't be any good news to come from companies in the short term and anything the US government does will be too little, too late.

On the plus side I think once the dust settles, anyone with some cash will be able to get a lot more their money. The 200K I currently have will get me $600 K worth of stock (compared to pre November 07).

 

[habs]

i wonder how many directors will be buying in this downtrend over the next couple of weeks

 

[MichaelWhyte]

On the plus side I think once the dust settles, anyone with some cash will be able to get a lot more their money. The 200K I currently have will get me $600 K worth of stock (compared to pre November 07).

That's my thinking too. I bit the bullet and sold the lot today and crystalised a loss of $120K odd. But it still leaves me some $200K spare in the LOC after the margin loan is paid down and the equity freed. My pride took a hammering, but it seems fundamentals don't count for squat at the moment. I'll wait until I see a solid change in direction and a new trend channel emerge on the upside then buy back in. I don't even care if I have to wait until prices are above my exit price. At least I'll be sure of direction and should recover that loss in the ensuing bull when the dust EVENTUALLY settles.

Hell of an expensive education though!

Cheers,
Michael.

 

[treefrog]

Nyden: If all the fearful sold out today, we would have seen far greater losses. If the US gives us red, little alone red tonight, tomorrow will be a massacre, and as will the remainder of the week.


I've seen a few people mention this sort of thing and it makes no sense.

For every buyer who sells, there's another who's bought in.Up until recently I was one of those buyer. If those new buyers are still getting pounded then they will continue to sell. I can't see any short term good news that will stop that cycle happening in the short term.

For the record I agree that this current selling is overkill but the Market has been expecting this for a long time now and I predict it will take on a life of it's own once it starts. The US will take Europe's lead and the rest of the world will take their lead and so on. There simply won't be any good news to come from companies in the short term and anything the US government does will be too little, too late.
On the plus side I think once the dust settles, anyone with some cash will be able to get a lot more their money. The 200K I currently have will get me $600 K worth of stock (compared to pre November 07).

had to chortle when george ww announced 1% GDP tax rebates so US can buy/spend its way out of recession.

now if the stock market is in freefall and just half your brain is working, you have overmaxed your house and card credit and the media is fuelling the flames with freefall hype, are you going to:
a) spend your big tax break and help out 'ol uncle sam
b) pay off some debt
c) stuff it under the mattress in cash or gold

 

[shaunnell]

That's my thinking too. I bit the bullet and sold the lot today and crystalised a loss of $120K odd.

Holy cow. Sorry to hear that.

btw you better change your signature

 

[sideshowbob]

Well early last week I posted a new thread about what I should do.
I made the decision to get out on that Tuesday when my stocks (BNB and BHP) were in the positive. That was the best decision I have made thus far.

But looking at the market now... BNB has dropped 30% more since that Tuesday.

Its too late to get out now. I think its time to hold on and just wait for this to blow over. If you are in it for the long run... it would be disastrous to get out now.


Im not buying back in until someone tells me that the American credit crisis is over...

My concern is with the people that keep topping up.... now that is a bad strategy right about now.

 

[agro]

cheer up everyone

dow futures +61 so if thats anything to go by we are in for the first green day tommorow and what might be a rally..

i am remaining bullish regardless of the 20% slump... going by history after every major correction the resilience of the market has seen an increase in sp..

more bang for your buck at the moment

sit put if u r on a paper loss.. remember u only make a profit (or loss) if u sell