capper, page-40

Luckydog, I'm too scared to hold anything overnight atm and have been for awhile. I trade intra-day but even that looks stupid now when you look at the risk reward tradeoff.

How the banks could be crying about liquidity in Australia escapes me as I am almost 100% cash and it is all sitting in banks.

I was reading a thread on HC last night from some guy who has lost 80%. He got there because it has been so easy for the last few years and he never even knew about stop lossing let alone doing it.

I also read about punters withdrawing their super which is causing the big funds to redeem at these low prices forcing it lower.

I thought last week that the crash was coming and it came. Problem is, I think the Australian market will go through 3800 and even then shares will still be over priced. I finally convinced my father to sell his beloved banks, BHP, Woodside and Rio about two weeks ago. He kept ringing me to tell me I'd lead him astray. Needless to say; he's stopped calling now - he never did know how to say thank you and I am sure in a month he will be saying it was all his idea.

the SS World Economy Titanic hit the berg a year or two ago. She's stern in the air and falling fast.