Yes indeed. A full blooded bear candle tomorrow, about the size of the last bull candle, will confirm todays severe reaction is justified.
Attachment 7166
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Yes indeed. A full blooded bear candle tomorrow, about the size of the last bull candle, will confirm todays severe reaction is justified.
Attachment 7166
I can't believe stuff.co.nz quoted Hot Copper and not us... :D
http://www.stuff.co.nz/business/indu...ercoaster-rise
I also can't believe OMF Brokers would make such a low-brow comment without any additional justification:
Why not, Danny? I'm not necessarily disagreeing with you but some context behind your sage-like advice would be great...Quote:
Daniel Metcalfe, a senior client adviser at sharebrokers OMF, said speculation was driving the "extreme volatility" in the stock.
"I wouldn't touch [the stock] with a barge pole," Metcalfe said.
I tried to sell shares I don't hold at open (to take advantage of end-of-day instantaneous settlement) in order to do a short sell.
Unfortunately Direct Broking wouldn't let me do it without holding the stock in my CHESS account - otherwise would have made a further quick buck.
What a crock!!
yes, you can BUY shares on tick, (up to $40k, IIRC) but not sell them on that platform.
That's a shame, I would be inclined to buy back the shorted sell at 148.5 open for 105 cents right now.
Would have been a nice quick 30-40%.
Such a shame to miss the shooting star opportunity.
Oh well, made money going long so can't be too upset.
Will be keeping an eye out for a bounce, maybe off 80 cents? :D
Wow this has gotta be an extremely rare experience where the Dumb and dumber come out on top:t_up:. Now , I'm off to Alibaba ,to buy a flying carpet:t_up:
I don't hold any Australian shares and this is the only company on that board I have followed reasonably closely. There are times I think nz is like the wild west. But trading in mjp puts Australia in another galaxy.