The market seems to be selling-off on the back of limited bad news imo, apart from the dollar that is.

If you can hold your nerve and apart from any short term requirements to offload poor performing stocks, I have a couple!!, my advice would be sit tight. This does not have the feel of the tech(mining!) bubble at all. Difference being there are a lot of good fundamentals, unlike in 2000 when there were a lot of over rated nothing companies.

(mg and others) ..... today's Telegraph biz section - page B5 - article "Yen surge topples ....."
too long to print on here but well worth reading, but a small extract ......

"The scale of forced portfolio liquidation will become clearer after last night's expiry of the third-quarter deadline for hedge fund redemptions, which must be submitted 45 days in advance. If too many investors rush for the exit at the same time, August 15 cut-off could prove to be the trigger for another bout of global turmoil."

I know MM's on small-caps are corrupt. They always have been.

Nobody gives a sh*t including the SFA etc.

If you think otherwise, you are either very naive or on the inside yourself.

SECROUSER

Totaly agree

so take a civil action if you are so convinced you are being swindled ..... if not, take your losses on the chin like the rest of the world ..... small caps by their very nature are illiquid, with all that that entails ...... certainly it (often) includes wide spreads and an inability to sell (especially) in any volume in a weak market ..... if you were not aware of that before you bought, then you only have yourself to blame .... and if you did know, but thought we were in some sort of Circle of Righteousness, then all the more fool you.

I've been able to sell loads today, and buy very little - and yet, they have widened the spread and marked the bid and offer down. Hence giving a false impression of the true state of the market in that stock.

so take a civil action!

Market makers make the market. If you don't like it get out.

Talk about naive. Jeez

thanks Al

CWP
EK may not be wrong, though sp plummeted in mid July from 800 ...... see chart below

Honours even I think!!! :o) Can we move on?
DOW down 166 so far & not looking likely to bounce today.
Anyone disagree? Thus another torrid day tomorrow???

HARRY ,i think there has to be a corrective bounce at some point ,if it did it today i'll go short ,but to be honest it's getting a bit too hard to call now.

Q ..... Dow is currently -180/190 and trying to weaken further ..... will last hour of trade bring redemption or foreclosure?

i have it down 241, or is this history? (I think I am gonna be sick - 252 now!)

history ...... it's now down 250 ....but now recovered sharply to -238 .... lol!

FREEFALL

with luck, there will also be some bungee elastic to provide at least a short respite, and short enough so it comes into effect before you/we smack into the ground

I'm not in anything at the moment ,trying to trade the FTSE ,DOW ,Currencies etc with mixed results..

i had a good run with both FTSE and Dow trades, but cocked up last night by being greedy and thinking recovery would continue while i abandoned the screen for 1/2 hour for dinner ....... for about 10 days or so, i seemed to get into the rhythm or whatever, of calling correctly ....... never got too greedy nor left positions open overnight, so netted a few bob .... reckoned there would be a rally from the open on Dow, but fortunately did not put money there - phew!

Re my predictions for the week (post845) - SPOT ON !!!!


.......now's the time to get out that trusty old financial rod and go do a bit of fishing - time to reel in a fish or two.

There -300 pts !!! DOW down.

Dollar/Yen now 112! I think this started as a credit crunch and is rapidly turning into a fast carry trade unwind.

In my opinion.....

Strawbs.