Have activated a CFD account with CMA markets to take advantage of overbought stocks ripe for a correction. The next collapse will make the GFC & Covid look like a ripple in comparison. Just wait until China really puts the boots in. There will be nowhere to hide, in stocks, anyway. Commodities such as iron ore, coal, ag products, tourism, education, real estate, banks, the list goes on will all be hit..........real hard.
There used to be a competitive warrant derivative market whereby one could leverage both long and short positions but that market is now dominated by CitiFirst who's offerings are selective. Cant even short GNC with them..................not that the price is high enough to take the risk on that trade atm.
More money is made much quicker on the short side that the long side of trading. Just need to wait for the right set up which may only happen only a few times a year. Dividends stocks are mostly death traps so capital gains are another alternative by whatever means possible.
Most ppl hate shorters but the small positions retail investors take pale into insignificance to what the fundies do.(Think Norges Bank) A good fund manager will trade both long and short positions to enhance investors returns. GNC is a good trading stock so one would be silly not to exploit opportunities as they arise. At $4 it is in no mans land atm but sooner or later it will be either a buy or a sell.
The DOW etc goes up, our market goes down. There is a message there if you can read it. Closed borders, incompetent premiers, free money running up huge debts, poor economic management, future trade deficits, the A$ becoming the next Peso, the writing is on the wall. Might take a couple of years but the modern generation that have lived on easy street all their lives wont be able to handle the new world. The lefties will be left floundering as they will get what they wished for but wont be able to handle the new world. Maybe they will be more comfortable living in China?
Marcus P........ writes an informative share trading newsletter. He has been sitting on the sidelines for a while now as he thinks there is little value in the market. You could do worse that subscribe to his newsletter or take up the offer of a free trial to get an independent view on the markets. Gold is more interesting than grain imo.
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GNC
graincorp limited
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$7.80

Have activated a CFD account with CMA markets to take advantage...
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Last
$7.80 |
Change
0.010(0.13%) |
Mkt cap ! $1.733B |
Open | High | Low | Value | Volume |
$7.82 | $7.85 | $7.70 | $5.659M | 727.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 2808 | $7.77 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$7.81 | 1814 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 2808 | 7.770 |
4 | 7764 | 7.760 |
1 | 2808 | 7.750 |
3 | 5889 | 7.740 |
7 | 29614 | 7.700 |
Price($) | Vol. | No. |
---|---|---|
7.810 | 1814 | 1 |
7.830 | 14513 | 6 |
7.840 | 3744 | 1 |
7.850 | 3994 | 2 |
7.860 | 5210 | 4 |
Last trade - 16.15pm 23/06/2025 (20 minute delay) ? |
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GNC (ASX) Chart |