I am guarded about the next few days. I think many in the US are considering this to be either the "technical correction they had to have" and will not be buying until it has fallen 10% or more, to about 12,600, and others see this as a bearish trend and won't buy regardless. Given that this seems to encompass the majority view as I gather it from looking at US trading sites and news reports, this will become self-fulfilling.
There is little doubt the ASX will take a hammering on monday - like sheep we are with our American shepherd, who occasionally does the kiwi thing and F#^%s us right up.
I expect to see either a flat/slightly down on the DOW monday or even bigger falls than the last two days - what governs this will be early sentiment and economic news. I read the US sentiment as very bad at the moment, and any bad report - even from a smallish sector could trigger a stampede for the door. This is not all bad - lots of sound stocks will be very oversold and give excellent value.
I think it is safe to buy solid near-term producer midcap stocks or blue chips that have already been very oversold. BHP presents good value ($40 within two weeks). Oversold solid near term producers include AGS and MMX.
TRF and CFE also look to be relatively good value though higher risk if this turns into a real correction.
I almost forgot GDN - will be a fair buy when it hits 0.1c some time on Tuesday.
- Forums
- ASX - By Stock
- ASX
- did you bought in yesterday doh doh doh
ASX
asx limited
Add to My Watchlist
0.58%
!
$71.59

did you bought in yesterday doh doh doh, page-35
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
$71.59 |
Change
0.410(0.58%) |
Mkt cap ! $13.90B |
Open | High | Low | Value | Volume |
$71.16 | $71.83 | $71.14 | $15.49M | 216.5K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 1173 | $71.42 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$71.64 | 3332 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1173 | 71.420 |
1 | 508 | 71.370 |
1 | 336 | 71.340 |
1 | 447 | 71.300 |
1 | 372 | 71.270 |
Price($) | Vol. | No. |
---|---|---|
71.640 | 3332 | 1 |
71.650 | 24 | 1 |
71.690 | 2929 | 1 |
71.750 | 100 | 1 |
71.770 | 20 | 1 |
Last trade - 16.10pm 10/07/2025 (20 minute delay) ? |
Featured News
ASX (ASX) Chart |