often when a deep correction comes or a bull market turns into a bear market you will get dead cat bounces
The big funds sell trigger huge slides mum n dads panic they follow and it accelerates the falls
Then you get the FOMO brigade or lurkers waiting for a pull back that are cashed up
They see Dow down 1175 plus 666 two day fall of near 1800 points
They see it as lets push the buy button these are bargains
You see a bit of green people pile in thinking its all good
Then the hedge funds step up n short everything in sight
The FOMO crew and lurkers get a WTF moment and sell triggering more falls
It is likely we may see some buying near close today if the DJIA futures flash green
My expierience tells me there is more to come fundamentals do not support the multiples in the US market
We shouldnt be too bad off here as we did not go up as much as the US
I suspect there will be some good buying in resources and financials but no rush
Trading wise look at the ones that are the highest percentage down in the mid caps
They are the ones the bargain hunters come for
I remember 87 well 24 per cent down in a day the market was
I think things have changed a lot and there are better circuit breakers in markets now days
If your all about long term go for a swim go to the movies or actually do some work at your desks lol
I dont see a massive panic i just see a correction that had to happen but the world economy is much better than it was a decade ago
FBR Chart, page-2599
-
- There are more pages in this discussion • 868 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FBR (ASX) to my watchlist
|
|||||
Last
3.5¢ |
Change
-0.003(7.89%) |
Mkt cap ! $167.6M |
Open | High | Low | Value | Volume |
3.8¢ | 3.8¢ | 3.5¢ | $270.5K | 7.415M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
29 | 3654879 | 3.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 108427 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
29 | 3654879 | 0.035 |
20 | 3474036 | 0.034 |
4 | 879545 | 0.033 |
4 | 432937 | 0.032 |
10 | 1451755 | 0.031 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 108427 | 3 |
0.037 | 450000 | 2 |
0.038 | 185000 | 2 |
0.039 | 1002155 | 7 |
0.040 | 1989731 | 6 |
Last trade - 16.10pm 26/08/2024 (20 minute delay) ? |
Featured News
FBR (ASX) Chart |