Who sold yesterday? Or bought anything?

[Realist]

There were billions of trades worldwide yesterday, did you sell anything? If so what and why?

Or did you buy anything?

I did nothing but watch my Commsuck account plummet.

 

[theasxgorilla]

I'm holding about 9 positions (1 short term, 1 long term, 7 medium term) and I didn't sell a thing. I literally sat back, watched the fireworks, and had fun on the forums

Naturally my account is worth less today than it was last Friday, but to take one of my fav'd quotes from the book "Reminiscences of a Stock Operator":

"It's a bull market, don't you know!??!"

The ASX Gorilla.

 

[nizar]

There were billions of trades worldwide yesterday, did you sell anything? If so what and why?

Or did you buy anything?

I did nothing but watch my Commsuck account plummet.

Stopped out of 2 positions yesterday.
DIdnt buy anything.

 

[mrWoodo]

Repeatedly logged in from 9:30 to 10:45 on my nab account, trying to cancel my stops. Incredibly painful stuff with their site logging me out constantly, one by one I got there except for the last one I couldn't cancel in time (MDL, lost 10% and today it bounces right back!) Do I have a case to sue them re. service levels ? All my stops were set to ignore the first 45 min trading, which is probably just as well.

Bought into SGL@0.36, yesterday whoever got it at 0.325, pretty good going as it's 0.385 currently. Trying to buy was just as painfull, took 20 min just to place the order

 

[cuttlefish]

Sold down quite a bit on the spec base metals holdings - some in morning some in afternoon, had also sold some of these the day before as well.

Be curious to know who's selling into todays bounce - not many I bet.

 

[exgeo]

Didn't trade at all. If China actually does hit the wall (economy slows, that kind of thing) I'll be the first out of the door. That didn't happen yesterday. Didn't make a trade yesterday, although I'd have topped up the base metal and uranium holdings if I had any spare money. Regarding Reminiscences of a Stock Operator, it's amazing how little things have changed since the 1920's, other than the systems used to execute trades and deliver information! Still useful today.

 

[djones]

Bought MTN at $3.50 now its at $3.80. Sold Nothing, all shares I own are up from yesterday.

 

[greggy]

Bought MTN at $3.50 now its at $3.80. Sold Nothing, all shares I own are up from yesterday.

Sold nothing, bought a lot of HCY when its price was at its worst.
DYOR

 

[djones]

Bought MTN at $3.50 now its at $3.80. Sold Nothing, all shares I own are up from yesterday.

Out just now at $3.82 and happy. Was a bit of a risk because I didnt have the money to settle the trade and would of had to sell other shares should it have gone bad, i just used the fact my broker has T+3 days to pay

 

[greggy]

Out just now at $3.82 and happy. Was a bit of a risk because I didnt have the money to settle the trade and would of had to sell other shares should it have gone bad, i just used the fact my broker has T+3 days to pay

Congratulations on your quick turnaround. Risky though, I generally don't gamble with money I don't have.
DYOR

 

[Out Too Soon]

Hi Realist, good thread!
I typically missed all the fun but my mobile was goin' nuts with all the SMS alerts! . Good thing anyway I'd have been stressin'
I've been burnt before using stops, learnt my lesson & nearly never use them.
To see what I bought & sold this morning tho see the "what will happen tomorrow thread" picked up a lot of bargains this morning that I would have been to scared to do yesty anyway.

For all you proponents of stops, go ahead & keep using them, someones gotta lose money for the rest of us to make some. :

 

[Prospector]

Repeatedly logged in from 9:30 to 10:45 on my nab account, trying to cancel my stops. Incredibly painful stuff with their site logging me out constantly, one by one I got there except for the last one I couldn't cancel in time (MDL, lost 10% and today it bounces right back!) Do I have a case to sue them re. service levels ? All my stops were set to ignore the first 45 min trading, which is probably just as well.

Bought into SGL@0.36, yesterday whoever got it at 0.325, pretty good going as it's 0.385 currently. Trying to buy was just as painfull, took 20 min just to place the order

NAB has stops? And you can ignore the first 45 minutes? How do you do that...

 

[Realist]

Hi Realist, good thread!
I typically missed all the fun but my mobile was goin' nuts with all the SMS alerts! . Good thing anyway I'd have been stressin'
I've been burnt before using stops, learnt my lesson & nearly never use them.
To see what I bought & sold this morning tho see the "what will happen tomorrow thread" picked up a lot of bargains this morning that I would have been to scared to do yesty anyway.

For all you proponents of stops, go ahead & keep using them, someones gotta lose money for the rest of us to make some. :

I agree about stops. I think alot of the billions of trades yesterday were made because of stops. And alot of people will have lost alot of money, and spent alot on brokerage. For nothing really..

 

[Kauri]

I agree about stops. I think alot of the billions of trades yesterday were made because of stops. And alot of people will have lost alot of money, and spent alot on brokerage. For nothing really..

Do non-guaranteed stops that are gapped through go off???

 

[Halba]

this mkt has burned me!!



i panicked and sold my DMX today, terrible company

bought 1 company yest BKN, but its going down like the rest of the mkt

 

[Realist]

Do non-guaranteed stops that are gapped through go off???

What is a non-guaranteed stop?

Are you saying some stocks dropped so much they flew past the stop without the stop being hit?
.

 

[petee]

this mkt has burned me!!



i panicked and sold my DMX today, terrible company

bought 1 company yest BKN, but its going down like the rest of the mkt

hi Halba..i know nothing about DMX but checked the graph it has risen from 20cents to the levels now in less than 1 year...surely u did well on that???

 

[Halba]

nup! bought high 90s

 

[Kauri]

What is a non-guaranteed stop?

Are you saying some stocks dropped so much they flew past the stop without the stop being hit?
.

Yes

 

[Freeballinginawetsuit]

U should clarify that with usually on the open, a stop on intraday trade with BHP would usually get matched