ASX smashing today

[themickey]

Dunno about anyone else, but I'm getting a huge caning today on my positions, largest hit for a long time.

I have a watchlist which consists of 73 special stocks and out of that only 5 are just green, eight are flat, sixty are red.
There's a little penny stock I wanted to buy and I did today, hammered down 18%, so I snaffled up two lots.

Usually when ASX gets hammered your turn comes 12 hours later.
Looking forward to the fun.
Nasdaq futures down 2.55% atm.

 

[HobbyTrading]

Bloomberg blames it on the rising commodity prices, which in turn will lead to higher inflation: https://finance.yahoo.com/news/asia-stocks-track-u-slide-213215293.html
I did notice last week that my futures positions HG (copper), ZC (corn), ZW (wheat) and ZS (soybean) were steadily making higher profits.

 

[JSOP]

Yeah everybody is getting hammered today. So annoying...

 

[Craig66]

Yeah everybody is getting hammered today. So annoying...

Speak for yourself, I haven't had a drink since Saturday.

 

[JSOP]

Speak for yourself, I haven't had a drink since Saturday.

Go have a drink!!!

 

[themickey]

There's a little penny stock I wanted to buy and I did today, hammered down 18%, so I snaffled up two lots.

In case you're wondering what this means, there's this little Co. which went to 18cents which I'd been holding once upon a time.
It had been falling recently, yesterday was 12.5c, today it fell to 10c where I'd previously placed a buy, so bought in.
15 minutes later it fell to 9c so I pounced on another lot.
Low for day was ~ 8.5c but closed at 9c.
If it continues falling, probably will buy more.

 

[DiceAreCast]

I think I know which company you are speaking of. Forgot the name, an Australian driller or energy resource company, starts with Ex...., traded last year for a long time around 13 or so cents after it went up to 18 or 19 or so? I might be off with the exact numbers but it sounded similar to a name I have come across a while ago.

In case you're wondering what this means, there's this little Co. which went to 18cents which I'd been holding once upon a time.
It had been falling recently, yesterday was 12.5c, today it fell to 10c where I'd previously placed a buy, so bought in.
15 minutes later it fell to 9c so I pounced on another lot.
Low for day was ~ 8.5c but closed at 9c.
If it continues falling, probably will buy more.

 

[themickey]

I think I know which company you are speaking of. Forgot the name, an Australian driller or energy resource company, starts with Ex...., traded last year for a long time around 13 or so cents after it went up to 18 or 19 or so? I light be off with the exact numbers but it sounded similar to a name I have come across a while ago.

Don't wish to identify as against ET's T&C's re penny stocks. (Encourages pump & dump behaviour).

 

[DiceAreCast]

Fair, I did not know about that policy.

Don't wish to identify as against ET's T&C's re penny stocks. (Encourages pump & dump behaviour).

 

[kmiklas]

Dunno about anyone else, but I'm getting a huge caning today on my positions, largest hit for a long time.
View attachment 258598

I have a watchlist which consists of 73 special stocks and out of that only 5 are just green, eight are flat, sixty are red.
There's a little penny stock I wanted to buy and I did today, hammered down 18%, so I snaffled up two lots.

Usually when ASX gets hammered your turn comes 12 hours later.
Looking forward to the fun.
Nasdaq futures down 2.55% atm.

You were right...