gfc moment, page-37

wow what a great post. I wish I could copy&paste it in all the other forums I've invested in and their members are somewhat panicking lol
Nevertheless, albiet selfish, I'm not going to spend more time trying to calm investors. It kind of works in my favour. The more people panic and sell, the more of a bargain I, we, will be able to pick up.

I did in fact top up CDV shares and NCM. I am confident of these two shares in the short term (~ 3months) that I've actually gotten a fairly largish loan approved today to hopefully pop up more CDV/NCM on Monday and more BAL/A2M come Tuesday midday.

As a side note, I was actually pleasantly surprised how fast and easily the largish loan was approved. I mean I'm not millionaire but the team at BOQ specialist were happy to approve me a 400k loan in a matter of hours. In fact 3 hours and 26 minutes to be exact. Surely this speaks of the current mood of Australian banks. BOQ specialist, far from the likes of the big 4, was happy to approve a large loan, which they are fully aware will be placed on the share market.

Uncertainty? Yes. Volatility? Of course! Care factor? Zero. Somethings are priceless. Today's events is one of them.

PS. I feel simply selecting a Hold or a Buy sentiment will not appropriately reflect my sentiment. As such I thought I'd type out what I'm thinking. I envisage BAL to continue to drop another 6-8% till early Tuesday, after which I hope to buy at which I anticipate to be a yearly low.

PSS. Why not sell the thousands of shares I currently own, and then buy back on say Tuesday, and then plus more. Well even though I sound adamant that BAL will continue to drop, I am not 100% and as such I am not willing to risk not being able to buy back at a lower price then the sale price for the sake of making a measly 5-6%.
i.e 20,000 shares sold at 10.28, might possibly close at $9.48 Tuesday. So I sell first thing Monday morning and then hope to buy at $9.48 Tuesday --> Thats $16,000 - large amount right? It is until I miscall it and share bounce back up before they hit 9.48, where selling volume is low and I can't get my 20,000 shares back unless I buy out the top 5 sellers at say $10.68.. End result I lose money. Not worth the risk IMO, hence why I'll just hold and try to put up at lows and reap the rewards come August time.