You would think so, isn't it - and that would make sense.
But that is not what I am reading when I am looking at the trades. I want it to go much higher from here in short term, but unfortunately I don't have any power. So my comments were around what I am reading rather than what I want.
ASX U trading has completely perplexed me this time. I have done some rough calculations between ASX U stocks and US U stocks. We are now trailing US U stocks by roughly 15-20% - which is huge. In the September and mini November run we either ahead or par with them. Not this time. Why? Don't know.
In my weekly report on the weekend, I do drop from highest percentage. There are heaps of stocks that are 40-50% below September highs. Not US stocks. They are getting closer.
One thing is clear that ASX U crowd has become very conservative. Everyone is trying to protect a loss rather than taking a slight risk and going for big gains. Which doesn't make sense - but that's how I am reading it. All trading is happening as if there is a big bad news round the corner. This fear has made the punters overlook all the bullish U sentiment in other parts of world. Again, why would that happen? Most of our ASX U stocks also get traded on US markets as OTC, so they should get picked up there and we should follow. But that is not happening - till now.
I think there will be a catch up and sanity will prevail. What I am not sure is about timing. When that happens, ASX U stocks will be a runner and have big gains. Till then, its a watching game. Load up, look for signs. For those wanting to trade, there could be a big jump when penny will drop - I am vigilant and waiting. Lets hope it happens sooner than later.
- Forums
- Charts
- AGE chart
You would think so, isn't it - and that would make sense.But...
-
- There are more pages in this discussion • 781 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 AGE (ASX) to my watchlist
|
|||||
Last
4.1¢ |
Change
-0.001(2.38%) |
Mkt cap ! $158.6M |
Open | High | Low | Value | Volume |
4.2¢ | 4.2¢ | 4.0¢ | $66.70K | 1.644M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 129622 | 4.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.1¢ | 234542 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 49622 | 0.040 |
18 | 1215109 | 0.039 |
17 | 1842856 | 0.038 |
13 | 5307108 | 0.037 |
14 | 3100154 | 0.036 |
Price($) | Vol. | No. |
---|---|---|
0.041 | 448857 | 6 |
0.042 | 1485695 | 9 |
0.043 | 1058647 | 8 |
0.044 | 1084179 | 8 |
0.045 | 2201636 | 15 |
Last trade - 12.48pm 03/09/2024 (20 minute delay) ? |
Featured News
AGE (ASX) Chart |