Hi gassed,Rips will be sold....dips won’t be bought.

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dugsab

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02/03/20

21:41

Post #: 43267546
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Originally posted by gassed: ↑

Try telling that to the markets. I'm just quoting what they were saying about the reason for that "dramatic" turnaround on the ASX. Didn't you notice that before lunch it was down 190 and after lunch it rallied to down 41 at one stage, in just two hours!! That's massive. Why??
That's when I started asking questions and the answers that I got from dealers in China was that they were becoming very confident that China had the virus closer to being more controllable and, like what exactly happened on the Dow on Friday night, when that rallied from down 800 to down 200 odd, when the Reserve was quoted as saying that they would "do whatever was necessary", in other words, keep doing what you like guys and we'll cover your backs. With what?? More rate cuts??!! A joke.
See what happens on the Dow tonight and on Asian markets.The Aussie ASX is irrelevant as a gauge, it's just an absolute follower and completely reactionary. Check out what's happening on the Options markets!!!!
The punters over there have put up with this for a whole week. Apart from one stage in history, doesn't happen very often, and now looking for "reasons" to stimulate the markets to help cover their massive paper losses.
Absolutely pointless talking about what the virus will do in the long run, accept what is happening, apparently, mainly due to that virus, but, don't forget the fundamentals. Best to talk about what we know and quit guessing.
The LKE story is worth some more chatter on HC.

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Hi gassed,

Rips will be sold....dips won’t be bought.

LKE Price at posting: 3.9¢ Sentiment: Sell Disclosure: Held
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(20min delay)
Last 4.8¢		Change -0.002(4.00%)		Mkt cap ! $83.38M

Open	High	Low	Value	Volume
5.0¢	5.0¢	4.8¢	$226.4K	4.664M

Buyers (Bids)

No.	Vol.	Price($)
2	59946	4.8¢

Sellers (Offers)

Price($)	Vol.	No.
4.9¢	415116	4

View Market Depth

No.	Vol.	Price($)
2	59946	0.048
18	1386445	0.047
12	1205867	0.046
10	415222	0.045
6	635158	0.044

Price($)	Vol.	No.
0.049	415116	4
0.050	336147	6
0.051	146884	5
0.052	229000	3
0.053	327134	5

Last trade - 16.10pm 19/11/2024 (20 minute delay)

LKE (ASX) Chart

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