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
DJIA has dropped more than 200 points, bringing the slump to 213+ points
any investors here, better withdraw your investment before it slump further
Black Thursday. ![]()
Tomorrow you will see STI drop.
Originally posted by maurizio13:
Black Thursday.
Tomorrow you will see STI drop.
STI has already dropped 3%,eq to 80 points, biggest drop of the SEA nations.
-235.06 already @ 1050 hours...
-216.00 as of 1059 (US time)
-231.96 (-2.01%) as of 11.04
![]()
-261.35!!![]()
is it gonna go beyond -300?![]()
If it drops anymore, they will have another extra hour of lunch break. ![]()
350 means one extra hour of lunch break.
if after lunch still drop another 200, then can have 1/2 day off. ![]()
Originally posted by maurizio13:
If it drops anymore, they will have another extra hour of lunch break.
whew.
stabilised to 245.40 for now..![]()
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.
hovering around 250 now..![]()
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.
what do u mean by lunch break and day off?![]()
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.
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?
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.
thats good
DJIA has gone back up to 233 points and averaging there
now it's just a matter of how many are trading on margin, cannot make margin calls, then it will be sell sell sell. ![]()
drop more, so that more can buy it cheaper ![]()
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...
Originally posted by Evangel:drop more, so that more can buy it cheaper
hahaha.....
try convincing I-like-flings.
OMG. drop back to 261![]()
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?
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
GG!
-276.99 and dropping.....