ASX 1.68% $63.41 asx limited

Hi Trader_10,I think it was an over reaction combined with...

  1. 6,316 Posts.
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    Hi Trader_10,

    I think it was an over reaction combined with anticipation of what may happen tonight.

    Tonight, the DOW may go into the green.
    However, given the panic and fear of the unknown, it could just as easily fall another 200pts by the close.

    What other nasties has these sub-prime lenders not divulged?
    Also, how many are involved?
    Thats the hard question.

    No matter what, i am still confident that our market will rebound just as hard.

    Its a very volatile market in which i see some great buying opportunities along the way.

    Need to play it smart with some cash on the side.

    As Rembrandt says: "Tight Stops"

    Cheers markco2
 
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