1987...A single day fall of the index (DOW) by just a bit over 22%.
Trust me, you aint coming back from that if you are leveraged.
Here's a thought - what are the chances of the index going UP 10% in one day? Have you ever heard of that?
But the downward spirals always catch people unawares.
You think its ridiculous to be selling stock when its 10% down, or 15% down, but think of someone who purchased BHP at $25 6-12 months ago...They're up a lot of cash. If BHP fell by 10%, they'd sell, and still be up 50% (ie: save your cash to play another day).
your call on the dow tonight, page-24
Add ASX (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$67.56 |
Change
0.920(1.38%) |
Mkt cap ! $13.09B | |||
| Open | High | Low | Value | Volume |
| $67.20 | $67.88 | $66.66 | $22.53M | 334.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7 | $67.55 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $67.60 | 400 | 1 |
View Market Depth
| Last trade - 16.10pm 17/10/2024 (20 minute delay) ? |
| ASX (ASX) Chart |