ASX 0.96% $64.02 asx limited

Always am - buying a few atm may pay off but is extremely high...

  1. 56,519 Posts.
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    Always am - buying a few atm may pay off but is extremely high risk. Don't see too much value yet as so much heat is priced into so many. I'll be attempting to categorise the specs with lots of cash - they will be the ones to jump on if they become oversold - which currently they are not atm. DRX is a prime example and the reason why RAU will hold up. CDU is another along with many of the other U hopefuls and quite a few biotechs like BRC. Shorting the banks may be helpful.

    The market didn't get really knocked hard yesterday. RIO and BHP got slammed. There is oodles of new spec cash in the pennies atm that may not resist any correction and sell out so I guess I will wait but unfortunately I don't have much cash atm. I may see if I can lay my hands on some on Monday in case it gets bad.
 
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