Judging by the US futures market…another poor day for the ASX tomorrow.
Won’t be long before some need to sell any stock/crypto/precious metal that’s in the money just to pay their margin calls, or re-balance their portfolio.
Stock with a recent buy @ 35c is a sitting duck…so long as the exits don’t get jammed.
Phrases like - “sell when you can, not when you have to”, and, “in a downturn the best sale is the first one”.
Just my opinion of course…and I’m usually wrong.
Pass me the popcorn please…
DYOR
Ann: Notification regarding unquoted securities - LKE, page-9
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