you might think that this time around it will be different but there are a lot of similarities between what is happening now and what happened during the tech wreck. Many companies got sold hard in the first week but the funny part is, they got sold even harder over the course of the rest of its short life, ala davnet, adultshop, pulsat.. who could forget Jumbomall, yamarna(laugh.com)-what a joke, hey, even Hotcopper was born then.
This may happen to our market, we might see a bounce globally and then more selling, another bounce and then more selling. Eventuallly a bottom will be reached, but at what cost to the average guy going long. I lost more money in trying to pick bounces than I did in the initial first week drop.
A lot smarter now, I'm all cashed up and ready to short or long depending on what the charts tell me.
Good luck to you all. but don't assume the market is going to go back to businesss as usual in the next month or so.
- Forums
- ASX - By Stock
- XAO
- any tech wreck veterans amoungst us
any tech wreck veterans amoungst us , page-18
-
-
- There are more pages in this discussion • 16 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 XAO (ASX) to my watchlist
(20min delay)
|
|||||
Last
8,416.6 |
Change
-57.700(0.68%) |
Mkt cap ! n/a |
Open | High | Low |
8,474.3 | 8,474.3 | 8,373.7 |
Featured News
XAO (ASX) Chart |