We've had 3 terrible days on the market- 3 days straight. When we have 3 bright green days on the market, everyone cries "Bull!" Now, everyone cries "Bear! Correction!"
It's hard to be optimistic on days like today (and yesterday, etc), but the markets have needed to let off steam, I reckon. We flew to 5025 without too much trouble, and now we've pulled back.
As to buying... there's a bit of blood on the streets right now, and I've been watching osme of my favourite shares that I considered to be "solid", lose some 20% recently. Many of these I had sold in the event of such a pullback, almost to where I had bought them for 6-8 months ago! sometimes, it's good to be out of the markets and just watch. I still have some shares and they're almost universally doing terribly, but one can hope for a few green days to counterract this.
Noone knows if it's just a glitch or the beginning of a deep correction. shares are entirely speculation. It's a cautious time right now though.
- Forums
- ASX - General
- buying opportunity or change of trend?
We've had 3 terrible days on the market- 3 days straight. When...
-
- There are more pages in this discussion • 6 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
Featured News
The Watchlist
BM8
BATTERY AGE MINERALS LTD
Nigel Broomham, CEO
Nigel Broomham
CEO
Previous Video
Next Video
SPONSORED BY The Market Online