daytrades may 5 pre-market, page-24

  1. 23,992 Posts.
    lightbulb Created with Sketch. 2
    Opportunity may be the name of hte day as others have already said.

    Looks as if we are already seeing a softening from the super tax after the overnight talks, and a few more billion wiped off the major resource stocks and market today might soften it up to the point where it just slides down the drain!

    I'll be looking for bottoms to come in by around 10.20 to 10.30am and hoping for bounces on MZI from yesterday, and CAP, which was slugged really hard yesterday too...

    Potential bounces there, and look for any super hot announcements this morning which may be greeted with a warm reception!

    Companies like CDU that have buy backs in operation may provide a little more stability, as they are sending a message that thye see good value at the current prices.

    Question is, how long is this going to drag out ofr?
    If it's too long, many will go to cash and just take the daily runner trading opportunity.

    Don't kick the dog - and read nikk0's signature! Classic sentiment!!
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.