Hi All
What a massive correction - almost 20% down at the time of writing. This wasnt expected - not on a single day for sure. But thats what you get when a stock has moved up heaps and people have to cut profitable positions to meet margin calls.
For the long termers here - you'd remeber the 12c SP we got for a few hours during the melt down in 2009.
All i can say is - if you have good money management skills and if you are not leveraged and if you are not the kinds to hit the sell button on just about everything in panic - then TIS could be presenting a great opportunity here.
I am not saying it wont fall further - it could well do that based on global markets rout and margin calls - and i guess thats the time for smart investors to think it through and plan for the next upleg.
I for sure am - already have a lot and buying more in small parcels at dips.
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