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DJIA drops a whopping 183.030 points

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  • Beaten_And_Damned
    Beaten_And_Damned's Avatar
    467 posts since Nov '07
    • 04 Sep `08, 10:34PM

      CNBC reports that DJIA has it worst market drop, followed by S&P and Nasdaq

       

      And STI drops a whopping 80 points

       

      Update: As of 1033 +8GMT, DJIA has posted a net loss of 80 further points, bringing the total to 183.030 points

       

  • Beaten_And_Damned
    Beaten_And_Damned's Avatar
    467 posts since Nov '07
    • 04 Sep `08, 10:48PM

      DJIA has dropped more than 200 points, bringing the slump to 213+ points

       

      any investors here, better withdraw your investment before it slump further

  • maurizio13
    maurizio13's Avatar
    12,381 posts since Sep '06
  • Beaten_And_Damned
    Beaten_And_Damned's Avatar
    467 posts since Nov '07
    • 04 Sep `08, 10:52PM
      Originally posted by maurizio13:

       

      Black Thursday. icon_lol.gif

      Tomorrow you will see STI drop.

       

       

      STI has already dropped 3%,eq to 80 points, biggest drop of the SEA nations.

       

  • hmsg
    hmsg's Avatar
    1,098 posts since Apr '05
  • Beaten_And_Damned
    Beaten_And_Damned's Avatar
    467 posts since Nov '07
  • Beaten_And_Damned
    Beaten_And_Damned's Avatar
    467 posts since Nov '07
  • Beaten_And_Damned
    Beaten_And_Damned's Avatar
    467 posts since Nov '07
  • maurizio13
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    12,381 posts since Sep '06
  • maurizio13
    maurizio13's Avatar
    12,381 posts since Sep '06
    • 04 Sep `08, 11:30PM

       

      350 means one extra hour of lunch break.

       

      if after lunch still drop another 200, then can have 1/2 day off. icon_lol.gif

      Edited by maurizio13 04 Sep `08, 11:36PM
  • Beaten_And_Damned
    Beaten_And_Damned's Avatar
    467 posts since Nov '07
    • 04 Sep `08, 11:31PM
      Originally posted by maurizio13:

       

      If it drops anymore, they will have another extra hour of lunch break. icon_lol.gif

       

       

       

      whew.

       

      stabilised to 245.40 for now..icon_confused.gif

  • Beaten_And_Damned
    Beaten_And_Damned's Avatar
    467 posts since Nov '07
    • 04 Sep `08, 11:35PM
      Originally posted by maurizio13:

       

      261 means one extra hour of lunch break.

       

      if after lunch still drop another 150, then can have 1/2 day off. icon_lol.gif

      hovering around 250 now..icon_eek.gif

       

       

  • Beaten_And_Damned
    Beaten_And_Damned's Avatar
    467 posts since Nov '07
    • 04 Sep `08, 11:39PM
      Originally posted by maurizio13:

       

      350 means one extra hour of lunch break.

       

      if after lunch still drop another 200, then can have 1/2 day off. icon_lol.gif

      what do u mean by lunch break and day off?icon_question.gif

  • kilua
    kilua's Avatar
    584 posts since Nov '05
    • 04 Sep `08, 11:49PM

      http://www.djindexes.com/mdsidx/index.cfm?event=showAvgFaq#q21

      Circuit Breaker Rules

      After the Dow Jones Industrial Average plunged 508 points in the Oct. 19, 1987, crash, government officials had a question: What could be done to prevent a replay?

      The response was two major new rules implemented in 1988. The first established circuit breakers that would halt trading for an hour if the Dow Jones Industrial Average plunged 250 points, and for two hours if it fell 400 points. The second clamped a collar on the ability of program traders to dart between stocks and stock index futures when the Dow industrials rose or fell more than 50 points, an effort to reduce the volatility such arbitrage trading was said to cause.

  • Beaten_And_Damned
    Beaten_And_Damned's Avatar
    467 posts since Nov '07
    • 04 Sep `08, 11:51PM
      Originally posted by kilua:

      http://www.djindexes.com/mdsidx/index.cfm?event=showAvgFaq#q21

      Circuit Breaker Rules

      After the Dow Jones Industrial Average plunged 508 points in the Oct. 19, 1987, crash, government officials had a question: What could be done to prevent a replay?

      The response was two major new rules implemented in 1988. The first established circuit breakers that would halt trading for an hour if the Dow Jones Industrial Average plunged 250 points, and for two hours if it fell 400 points. The second clamped a collar on the ability of program traders to dart between stocks and stock index futures when the Dow industrials rose or fell more than 50 points, an effort to reduce the volatility such arbitrage trading was said to cause.

      so far no circuit breaks?

      trading as per norm?

  • maurizio13
    maurizio13's Avatar
    12,381 posts since Sep '06
    • 04 Sep `08, 11:56PM
      Originally posted by Beaten_And_Damned:

      so far no circuit breaks?

      trading as per norm?


      only when it breaches 350, stop for 1 hour; breach 550 stop for 4 hours.

       

       

  • Beaten_And_Damned
    Beaten_And_Damned's Avatar
    467 posts since Nov '07
  • maurizio13
    maurizio13's Avatar
    12,381 posts since Sep '06
    • 05 Sep `08, 12:15AM

       

      now it's just a matter of how many are trading on margin, cannot make margin calls, then it will be sell sell sell. icon_biggrin.gif

       

  • Evangel
    Evangel's Avatar
    1,192 posts since Sep '05
  • I-like-flings(m)
    I-like-flings(m)'s Avatar
    13,891 posts since Feb '04
    • 05 Sep `08, 12:36AM

      knn... i just missed my chance to sell my share yesterday.....tomolo going to drop again... cb....... but.. hope wont drop as much as it increase on yesterday..... 1 stock i have... make my portfolio gain about SGD50K in 1 day hahaha.. knn.. hope dun drop hope dun drop...

  • maurizio13
    maurizio13's Avatar
    12,381 posts since Sep '06
    • 05 Sep `08, 12:55AM
      Originally posted by Evangel:

      drop more, so that more can buy it cheaper biggrin.png


      hahaha.....

      try convincing I-like-flings.

       

  • Beaten_And_Damned
    Beaten_And_Damned's Avatar
    467 posts since Nov '07
  • Evangel
    Evangel's Avatar
    1,192 posts since Sep '05
    • 05 Sep `08, 12:58AM
      Originally posted by I-like-flings(m):

      knn... i just missed my chance to sell my share yesterday.....tomolo going to drop again... cb....... but.. hope wont drop as much as it increase on yesterday..... 1 stock i have... make my portfolio gain about SGD50K in 1 day hahaha.. knn.. hope dun drop hope dun drop...

      wah lao $50 LOL....got minus off brokerage fee boh?

  • Beaten_And_Damned
    Beaten_And_Damned's Avatar
    467 posts since Nov '07
    • 05 Sep `08, 1:21AM
      Originally posted by I-like-flings(m):

      knn... i just missed my chance to sell my share yesterday.....tomolo going to drop again... cb....... but.. hope wont drop as much as it increase on yesterday..... 1 stock i have... make my portfolio gain about SGD50K in 1 day hahaha.. knn.. hope dun drop hope dun drop...

      sell tomolow lor.

       

      now its getting desperate.. 263.. and they cant do a thing

  • Beaten_And_Damned
    Beaten_And_Damned's Avatar
    467 posts since Nov '07
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