DOW was down 150 last night and came back which is a actually a bad sign and its been weak all week.
Market is massively and i mean massively overcooked...CBA at 52 is a joke. Belongs at 35
MQG at 57 is a joke and considering it did 20% of total capital raising therefore its old price is 70 bucks...no way. Belongs at 27.
All ords at 4750 after 20% capital raisingsd means the market cap is like when the market was 5700.
No way...market is supposed to fall after capital rasings not rise...its called DILUTION. you own less of something after a capital raising all else equal.
Never shorted well but Happy to stand aside and watch the forthcoming pain from the sidelines. There is a lot of overhang and lots of profittakers now.
Might daytrade big stocks ASX20 for a while. NOT holding anything overnight is a very very sound plan.
DOW was down 150 last night and came back which is a actually a...
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