toscanunan
Do not worry. It is only money. DOW can not continue rallying forever. After MB is back on Monday and if DOW pulls back it has to go under $40 as it will go back over $40 in future no doubt about that. When was MQG $40 last time? Is $40 going to be a new benchmark while we are still battling recession? Hmmmm...
If this is going to make you slightly less stressed - I shorted it @ 40.90. Go check out how long was that before they halted trading? 2-3min. tops?! I had another ST sell order already placed at $42.50 when it was halted. Was not obviously fast enough to finalise it.
On Monday when TH is lifted, and if DOW is in red (FRI), MB should pull back a bit. If not I can tell you now that I will short it again and then sit on it for a few days. If this sounds unreasonable let me tell you that $40+ level can not be sustained for long unless they announce the discovery of the Holly Grail! We are in a recession and no matter how eager we may be to see our stocks keep going higher and higher the chances of so called W shaped recovery will be magnified. When it hits us again not many of us will be standing. I am a bull but I'd like to see a gradual recovery, not a recovery done in 8 weeks or 14 days because it would not be a healthy recovery but a quick fix.
Let the dust settle and stick to your guns.
toscanunanDo not worry. It is only money. DOW can not continue...
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Last
$202.88 |
Change
-0.150(0.07%) |
Mkt cap ! $77.50B | |||
| Open | High | Low | Value | Volume |
| $204.38 | $204.38 | $202.71 | $81.57M | 401.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1447 | $202.82 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $203.02 | 1718 | 2 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| MQG (ASX) Chart |