Just got into MFS at $1.22. Surely a dead cat bounce coming up here - many people would have got margin calls on this, looks oversold to me - 10% fully franked dividends - c'mon!
Maybe thats where the phrase "Dead Cat" comes from? cause this cat has been killed a couple of times already, and it just keeps re-dying.... wonder at what price it will lose its 9th life? 0.82 as we speak
wait for the friday dip... last 1 minutes...
then Im gonna just throw $1000 at it... just for fun... see what happens.
It'll be my $1000 loose play for this year...
0.77 now
JC, just checking you realise what a dead cat bounce is..
You seem to be assuming just because the stock is doing badly it will 'bounce'.
That's not a dead cat bounce, a dead cat bounce is when there is a big crash and just as a dead cat would do if you threw it off a tall building it would hit the bottom, bounce, but would still be dead.
You did well to make 50% on CNP's bounce, but as the analogy suggests.. it's dead now. Making any trades after that equivalent to putting it all on black imo, possibly even more risky.
If you already understand what a dead cat bounce is don't mind me just making sure nobody invests in a dead cat long after it fell off the building, splat all over the pavement and got scooped up and thrown in the trash, assuming it will soon 'bounce'
Thanks Struz, yes i do realise that if a company plummets that there is a good chance it will stay there... I just get a bit caught up in the moment is all
I reckon there's a chance the XAO may dead cat from around here. Or, the cat might be unconscious and then wake up and start to wobble sideways for a year or so...
I reckon there's a chance the XAO may dead cat from around here. Or, the cat might be unconscious and then wake up and start to wobble sideways for a year or so...
I reckon there is a good chance too, just make sure you get out on the high.
Remember at the end of next week we have a 3 day break are you game to hold if this bounces to hold.
Two nights of the DOW will pass and you wake up Tuesday and it really is a dead cat.
I reckon there is a good chance too, just make sure you get out on the high.
Remember at the end of next week we have a 3 day break are you game to hold if this bounces to hold.
Two nights of the DOW will pass and you wake up Tuesday and it really is a dead cat.
Interesting, I forgot about Australia Day. Must do something special here in Quito with some fellow Aussies. Maybe a BBQ and beer somewhere and sing Watzing Matilda..... Cheers.
I appreciate what you say about the gap and days the DOW might tumble, but what if it's the other way around?
I reckon there's a chance the XAO may dead cat from around here. Or, the cat might be unconscious and then wake up and start to wobble sideways for a year or so...