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ASX down 150 at lunchtime.......

Discussion in 'Shares' started by Alan, 16th Aug, 2007.

  1. Alan

    Alan Well-Known Member

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    Looks like we have stop losses, tripping stop losses, tripping stop losses, tripping......... :rolleyes:

    Anyone hear of any margin calls occurring yet?



    Umm.......make that 181 and heading South.

    Ahhh......would you believe 196 down? That's it......time for lunch!
     
  2. crc_error

    crc_error The Rule of 72

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    we have broken into the 5500 range, down 3.5%

    Small ords down 5%!

    Good times are over :mad:
     
  3. Glebe

    Glebe Well-Known Member

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    :eek: :eek: :eek: :eek: :eek: :eek: :eek: :eek:

    My LVR must be over 65% now.. not happy.
     
  4. MichaelWhyte

    MichaelWhyte Well-Known Member

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    My spreadsheet puts my LVR at 74% based on extrapolated unit prices for the yesterday and today's trading price. Hopefully Navra's trading DCT methodology means the falls in the unit price aren't of the same scale as the index, but God only knows...


    Cheers,
    Michael.
     
  5. Glebe

    Glebe Well-Known Member

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    You'll have a buffer after that, and my tea leaves predict a rebound tomorrow so she'll be right :)
     
  6. crc_error

    crc_error The Rule of 72

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    Just went though the checkout and picked up some LGL shares!

    They are a bargain today!!
     
    Last edited by a moderator: 16th Aug, 2007
  7. Alan

    Alan Well-Known Member

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    Or are they just about to begin? :confused:

    Please.......I'm trying to have a 'glass is half full' kind of day. ;)
     
  8. crc_error

    crc_error The Rule of 72

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    If you have the balls to buy big today, then you may be rewarded quite nicely in the coming months!
     
  9. Glebe

    Glebe Well-Known Member

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    Mac Bank down 4%.. hammered again.
    BHP down 3.8%.. geez.
     
  10. Alan

    Alan Well-Known Member

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    For the purpose of this buying spree I have 'sub-contracted' out my balls to a third party to act on my behalf.

    At this time I would think are they are being firmly placed in a financial vice but hopefully the reward will be worth the pain.

    * I know we can use bold text for loud, but what do we use for high pitched? :confused: ;)
     
    Last edited by a moderator: 16th Aug, 2007
  11. crc_error

    crc_error The Rule of 72

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    So your buying up big? wow! wonder how you go! good luck!

    I think high pitched would be Like this?
     
  12. perky

    perky Well-Known Member

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    ALL ORDS DOWN 235 !!!
    No way , this is just ridiculous.
    Westpac, ANZ down over 5% , we wont mention RAMS :eek:
     
  13. crc_error

    crc_error The Rule of 72

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    correction, 248 points 4.3%

    How the heck is our market falling so much when the US is only down 7%, and now we must be down 14% and this credit crunch isn't even our problem!
     
  14. Glebe

    Glebe Well-Known Member

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    We're going to have to start discussing positively geared blue chips. This is stupid.

    Stop losses and margin calls must be setting in across the board.. this isn't rational.
     
  15. Tropo

    Tropo Well-Known Member

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    Perky,

    That's what mini correction is all about.
    Tomorrow is Friday so prepare for another (possibly?) down move.:eek:
     
  16. Tropo

    Tropo Well-Known Member

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    "....and this credit crunch isn't even our problem!"

    Read "Scary Stuff" on this forum and you may get an answer.:rolleyes:
     
  17. Tropo

    Tropo Well-Known Member

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    Sometimes I wonder why in investing decisions some people are using balls instead of ... brain? :eek: :confused:
     
  18. MichaelWhyte

    MichaelWhyte Well-Known Member

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    Make that over 300 points down now...
     
  19. bundy1964

    bundy1964 Well-Known Member

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    Bouncing back up for now.
     
  20. Mark Laszczuk

    Mark Laszczuk Well-Known Member

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    Hahahaha I love your posts Tropo.

    Mark