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.

Long or short on the DOW ?? i'm expecting a bounce ,but ultimately another big sell off before tonights close.

i think a bounce too, but having allowed greed to burn my fingers yesterday, shall not put any real money on it

Nice big bounce (it has to turn positive) and i think it's worth a short.

QUE????? ....... a SHORT because you think market will bounce?????? ...... anyway, at the moment, Dow's vision is still south, so my notional call above would have cost me about 100 points so far

the magic number was 12760 but they have pushed thro so?

YES cynic a short!!! if it bounces first (which it hasn't),, like yesterday i shorted when it went positive and then it fell away nicely ,bloody scary ride though and it's not doing my heart any good.

to underline what i have posted a few times and been thoroughly castigated re selling mini-minnows, especially those based in China, in tough markets ......

today's moves
TAIH -2.25p = 10.59% volume = 212459 now 19p vs recent high 28p
WCC -23.5p = 11.27% volume = 131170 now 185p vs recent high 245p
SOLA -50.0p = 14.33% volume = 889400 now 300p vs recent high 450p

On average 10% down; generally in line with most others IMO

All thanks to the corrupt 'market-makers'.

Yes cynic ,but as the above poster says only down in line with the rest of the smallcaps ,,however i do agree the China shares would be the first to go if i was holding any ,luckily i held no shares at the start of the fall..

for f's sake! .... what is with these ****** who think MMs must be corrupt because they mark down prices? ...... 1) they are no more corrupt than any other business - 2) their aim is to balance their books - 3) they are in business to make a profit not run a charity

cynic,

1) Remove the insult.

2) What justification is there for marking down a small-cap with no institutional holders, with a lot more buying than selling?

3) Don't be so arrogant and you might not be so ignorant.

Reading this thread's as good as watching a re-run of a Morcombe and Wise show )-:

It'll be interesting to see what happens to the posters on this BB if we are entering a Bear market. I suspect that there are many who have only been trading during the Bull run - post dot.com boom. The turn there was scary and many couldn't get their heads round the drops. Lots of people who were pointing out that the tide had turned became heavily abused by those who refused to accept that their beloved 2/5/10/20 "baggers" were destined for the bin.

Having said that I'm hoping that it's a well needed correction rather than the real thing. It's the majority who suffer and only a few hardened campaigners actually cut and run - and wait until the dust settles rather than dip their toes in when there is a lull in the storm - and get hit again.

sorry for the doom monger post.

my original post stands whether you like it or not.
if you think they are corrupt, spend (waste) your time and get all the evidence and submit to SFO or take out a civil action.

(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.