BIT biotron limited

0.00%

0.2¢

Yes - I think you are on the money GY.It could well be a dead...

First 364 Last

Share
Profile

Follow
Footmax

15,569 Posts.

2786

08/04/25

21:04

Post #: 78609692
Share

Yes - I think you are on the money GY.

It could well be a dead cat bounce but China will upend the apple cart when Trump applies hi 50% tariff soon and the EU has imposed a limited counter tariff on targeted goods from the US at 25%. However, I think that game has some way to go.

Trump does not want to negotiate - I think he is enjoying treating other nations as subhumans and will keep his tariff wars going for longer. I think he may be overestimating his potential success.

Originally posted by GiddyYup: ↑

I broadly agree.

Certainly there will be some bargain hunters but there is a very real risk that they will get caught in a bear trap. The markets were falling off record highs for a very good reason and other than some fake news about a 90 day delay in tariffs nothing fundamental has happened to fix the underlying problems. There were so many times in 2007 that people said, "well this must be the bottom, best get back in now". Each time the bear market resumed and they lost their shirt. It took a year and about 50% of the market value. I say again, this market correction was occurring for a very good reason and there is absolutely nothing to indicate that it is anywhere near played out. Nothing is fixed and completely forget all current earnings reports for this year, its next years company earnings that are disappearing quicker than Trump tax returns.

Dow might go up a bit tonight but it could also turn nasty at any point. I wouldn't be putting real cash into it again yet, even if the cash belonged to Lux. Trump and his people will call the bottom at every opportunity like you say.

Trump knows very little except talking himself up and bullying others. He will get away with these tactics with dozens of small countries which cannot stand up for themselves but they are generally inconsequential to anything except his ego and convincing his disciples that its working. The big players are standing upto him like China. They gave him the middle finger. Now he having a tanty just like he does every thing he doesn't get what he wants. It isn't playing out the way he wanted so he is just going to threaten them again more more tariffs. He has nothing else in his arsenal. Guess what China will do? Trump isn't going to be happy but he's a fool. China are much better positioned financially that the US is to withstand all of this and if the Chinese people have to cop some losses and general hardship for a few years its not like Xi needs to worry about what happens at the next election.

Europe hasn't retaliated yet but they won't be pushed too far. Trump can't beat China at this game but he and his cronies aren't smart enough to know it. Thats the real problem here. We are dealing with people who are used to failing, going bankrupt, breaking rules to suit themselves, etc but the entire world isn't going to agree to take the losses from Trump's 7th and greatest bankruptcy. Almost every western country is currently mulling ideas to distance themselves from the US just like half the GOP members are currently trying to figure out how to distance themselves from Trump.

Expand

BIT Price at posting: 0.3¢ Sentiment: Sell Disclosure: Not Held
1 Upvote

0 Great analysis

Reply

Top Stories

BPH

Australia’s gas crisis is here – and dying coal plants aren’t helping

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

SRL

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

MVF

Monash IVF shares cater 25% – Disaster or deep-value play?

OCC

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

PAR

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

RMX

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

First 364 Last

Add to My Watchlist

What is My Watchlist?

A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

(20min delay)
Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $2.654M

Open	High	Low	Value	Volume
0.2¢	0.2¢	0.2¢	$210	104.8K

Buyers (Bids)

No.	Vol.	Price($)
64	38848316	0.2¢

Sellers (Offers)

Price($)	Vol.	No.
0.3¢	18281126	25

View Market Depth

No.	Vol.	Price($)
64	38848316	0.002
33	65631001	0.001
0	0	0.000
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.003	18281126	25
0.004	12820969	17
0.005	6684000	5
0.006	1200000	2
0.007	1084188	2

Last trade - 12.28pm 27/06/2025 (20 minute delay)

BIT (ASX) Chart

Yes - I think you are on the money GY.It could well be a dead...

Australia’s gas crisis is here – and dying coal plants aren’t helping

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

Monash IVF shares cater 25% – Disaster or deep-value play?

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News

Yes - I think you are on the money GY.It could well be a dead...

Top Stories

Australia’s gas crisis is here – and dying coal plants aren’t helping

NATO’s 5% target: Why Almonty Industries’ mega mine and NASDAQ listing are a perfect fit for investors

Sunrise pops on top scandium hits NSW explorer will now use for 'multi-decade' plan

Week 26 Wrap: Renewable gas fantasies; RBA July cut hope builds; copper's August peak?

Monash IVF shares cater 25% – Disaster or deep-value play?

Orthocell sees 4% jump as Remplir used in first US surgery. But is that low?

Listen: HotCopper Wire Podcast 015 – Yeah, we're thinking the IPO market is back

Paradigm Biopharmaceuticals makes key acquisition moving into FY26

Red Mountain: Chip samples point to 'large orogenic antimony mineral system' at Oaky Creek

HotCopper Highlights Week 26: Droneshield 2.0; Trigg re-jig & Virgin

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News