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1ronnie

20,955 Posts.

1969

06/04/18

11:52

Post #: 32269213
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Originally posted by 1ronnie ↑

This is what makes the market the market and an interesting one. Some thinking that the large fall in Blue Sky (BLA) yesterday would have been a great trading or buying opportunity, punting that the Glaucua saga was overblown, similar to punters and investors getting into GSW and BIG after disclosure scandals reported by AFR. Well, BLA sp collapsed another 33% today and looking more dire as the mystery unravels. Similarly people will buy into MYQ and BUD after reinstatement- the perceived bargains are no more than falling knives IMO, getting into a burning building to recover or retrieve ‘free’ goods left behind by owners who fled. It is the worst way to lose money- people can sit and wait to determine how the saga pans out - as it turned out Glaucus was not going to give up the fight , issuing a second opinion that BLA can only deny as being nothing new, but the damage has been done. I wouldnt buy a ticket to a play that has a strong chance that you could be trapped and not get out - a suspension and a plunging sp upon reinstatement. Tainted stocks are not worth the investment !

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Really silly game POTUS is playing. If China sells US Treasury Bills in a big way, US is done for!

This environment is suited for short term trades only banking on volatility each way, but at some stage people will get caught out.

Question is whether the Fed is still going to proceed with 3 rate hikes in view of this increasing escalation in trade war that is in progress. This new Fed chief does not seem to command the same respect as Fed chiefs in the past.
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0 Great analysis

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