Australian (ASX) Stock Market Forum

Re: XAO Analysis

Well I must say it has been a bit disappointing so far. Not near enoough panic for my liking.

Must say I agree

Although; I believe I've become rather desensitized. How normal is it to see bluechips fall near on 10% in one day?
 
Re: XAO Analysis

Must say I agree

Although; I believe I've become rather desensitized. How normal is it to see bluechips fall near on 10% in one day?
Falls that high in bluechips are not common, however what I find interesting is that for some of those bluechips, such as CBA their price today is still 10% higher than this year's low point. While QBE is 20% higher than it was in July.
So while they may be 5% lower than yesterday, in terms of long term trading it is not as significant. Now, if we get the same result for two more days in a row that's a different matter! :rolleyes:
That's why I prefer to use longer timeframes when looking at stock prices.
 
Re: XAO Analysis

hmmm hope people bought into some good opportunities this morning

Crazy to buy in the morning.

If you are dead keen on buying, you wait until the 3pm margin call today in these conditions, or on open tomorrow.

It's a different story with gold stocks though...
 
Re: XAO Analysis

hmmm hope people bought into some good opportunities this morning

Wallet firmly in pocket.
You'll see when its ok.
"V" bottom very unlikely.
Buying seems to have pulled up for now.
Wait for the dust to settle and see whats left!
 
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