If this correction continues for a while say Good Bye to IPO's, page-9

  1. 5,072 Posts.
    lightbulb Created with Sketch. 189
    The way CBA and other Top Blue Chips dumped mercilessly at 4.10PM auction this avo it's appear that the big boys ala Funds, Instos, Hedge Funds are washing their hands of top equities expecting a rout. No Q as the massive sell at close at 4.10PM with massive volumes in Blue Chips tell a nightmare is on its way. I only saw that sort of dump back at the beginning of GFC. What do you guys think. Check at CBA price dump and volume between 3.59PM and at 4.10PM. Numbers don't lie. The big boys are expecting a massive sell off way worse than what we have seen in the last 2 days.I didn't like what I saw this late avo.
    Expect IPO's to be pulled even the ones close to listing I reckon, as safety caveats would be included in the underwriting agreements.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.