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I noticed something today which I've seen only a few times before. 4 of my stocks had a last price above the offer. Last time I saw this the market tanked. fwiw.
XAO Banter Thread
- Thread starter clayton4115
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skc
Goldmember
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This isn't that unusual for illiquid names... it is highly unlikely that the temporary stock price behaviour of 4 illiquid names should predict the overall market direction?!
FWIW, there are 8 names currently within the XAO (491 stocks) that has Last > Offer.
CII FSA HUO MTO QMS RBL RKN TBR
So you have a pretty good hit rate getting 4 of them.
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Mine were fairly liquid though. I should buy a Tatts ticket, or maybe just short the Ords.
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I see this all the time with the more illiquid crap I dabble with. I only ever trade in the ASX500 too.
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yes gb, i agree short the all ords/spi and with a little luck
buy back at 5428.
buy back at 5428.
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Crank up your market scans. There are signs that investors are happy to buy higher risk assets. The Emerging Market sector (market cap #350 - 600) or the bottom half of the XAO has started to move higher.
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going to 5800.
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If XAO closes today above 5768, it will go to 5825.
tech/a
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So Yellen has said market is looking toppy and follow it up with dovish rate tone and sais 3% GDP growth for the States is optimistic!!. At this point you might start to wonder about the 20% Trumped up premium in the US stock markets should start to look a little poppy.
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Well she isn't wrong but it still needs a catalyst to tip it over . Multiple of close enough to 26 starts to make risk free bonds look semi appealing even in this low rate world .
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the DOW will tip over 5-10%, will the XAO follow?
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asian markets hitting new highs,
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Chinese GDP beat
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haha, I've been busy, focus elsewhere, but back now.
I thought we would go lower much quicker than we have, but I wouldn't bet on it now.....
Aus markets are severally limited in comparison to the gains in the US though!
Hope you have been well CanOz!
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I would be reasonably surprised if we do not go lower before we go higher , I think May high may hold for rest of year . XJO earn growth low at best .
Trembling Hand
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What no outrage today? Anyone.....? 
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Bit of a down tick hey.
Trembling Hand
Can be found on the bid
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A lot of really ugly charts have appeared all of a sudden. The banks are beaten within an inch of a breakdown. The reversal on BHP etc will look ugly if tomorrow isn't spritely.
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I am the opposite of outWhat no outrage today? Anyone.....?
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