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ASX Through The Floor

Discussion in 'Other Asset Classes' started by Coota9, 24th Aug, 2015.

  1. Coota9

    Coota9 Well-Known Member Premium Member

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    image.jpg

    ASX -115 points today already..
     
  2. Zak

    Zak Well-Known Member

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    yes, saw an new article on the weekend that there was a $4 trillion loss and they are forecasting more losses in the future......
     
  3. pinkboy

    pinkboy Well-Known Member Premium Member

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    -145 and diving!

    pinkboy
     
  4. Coota9

    Coota9 Well-Known Member Premium Member

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    Will it drop below 5000??
     
  5. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

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    Yep one of my stops got hit this morning - I thought something big must have happened.
     
  6. Perp

    Perp Well-Known Member

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    Excellent, I was planning to buy soon anyway :)
     
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  7. Anne11

    Anne11 Well-Known Member

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    Should I buy now or wait for a few more days as it might drop further?

    Cheers,
    Anne
     
  8. oracle

    oracle Well-Known Member

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    I am going to wait few more days to see if it drops further and if it does I plan to buy big else will be another small parcel that I buy regularly as part of my DCA (Dollar cost averaging).

    Cheers,
    Oracle.
     
  9. 2FAST4U

    2FAST4U Well-Known Member

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    I remember around this time last year one of my mates was encouraging me to buy Fortescue Metals- Thank god I didn’t. According to the SMH the ASX fell to its lowest level in 18 months.
     
  10. alexm

    alexm Well-Known Member

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    It's a bloodbath. It's painful seeing the portfolio going south however it will become a buying opportunity.
     
  11. pinkboy

    pinkboy Well-Known Member Premium Member

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    I wouldn't be throwing words like 'bloodbath' around just yet.


    pinkboy
     
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  12. S1mon

    S1mon Well-Known Member

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    good to see a few lic's / etfs finally dropping a few ticks...WAM, CDM etc..
     
  13. alexm

    alexm Well-Known Member

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    @pinkboy , really, why?
    The ASX is down how much from it's 25th Mar high of 5973? And the immediate trend is downwards.
     
  14. Jess Peletier

    Jess Peletier Mortgage Broker - Australia Wide Business Member

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    That completely depends on your plan, strategy and timeframe.

    If you don't have a defined strategy for entry and exit, you're asking for trouble in my opinion.
     
  15. pinkboy

    pinkboy Well-Known Member Premium Member

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    Go to October 2008 where 1000pts were lost in days......not months. There are more instances of extreme drops than today.

    Reserve 'bloodbath' for real days of truth.


    pinkboy
     
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  16. KDP

    KDP Well-Known Member

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    Bit more pain to go. Shanghai and HK down 8%/6% today.
     
  17. Scott No Mates

    Scott No Mates Well-Known Member

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    H
    How's the yuan tracking?
     
  18. radson

    radson Well-Known Member

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    bought wdiv, ihd, nab, wow and bhp today. Will top up ETFS tomorrow if this continues...IEU. IAA, VTS
     
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  19. The Falcon

    The Falcon Well-Known Member

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    exited MPL at 224.5cps and dumped the proceeds into VAS at 6412cps on close. One less position to monitor :) MLT well above NTA, has lagged the market and will possibly provide source of funds for cheaper stuff in coming days/weeks.
     
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  20. radson

    radson Well-Known Member

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    Yeah I sold TRS last week after holding on for a while and finally eeked out a small profit. Was nice to use those funds to buy in today :)