panic
There is no doubt that everything will suffer from the end of the financial world as we know it---panick selling.
I have 2 long trades both in the resource sector. I will be pulling my stops.
Standing aside and watching for opportunity.---It will come. Sub $30 BHP---nice!!
Nothing surer.
Whatever the crowd is doing I'll be doing the opposite---mind you timing is important.
No that doesnt mean buying my brains out today---but it does mean watching carefully.
ASIC banned short selling to solve this problem. Looks like they are going to have to ban long sellers now as well.
Might have to include banning auto stop loss triggers too....
Funny how share trading volumes have plunged around the world since the first day of the ban....
Funny how share trading volumes have plunged around the world since the first day of the ban....
Have they??
Yep, this will be the best opportunity since an 22nd..... or maybe tomorrow will be even better.
XAO volume looks to me like it's holding up alright. The candle with a green line through it is the first day of the short selling ban.
Well, news.com.au confirmed that an ASX spokesman confirming the opening hours will be as per normal. Reuter had it wrong apparently.
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