Australian Politics Forum - Share market crash this morning.

Bobby. Gold Member Online Australian Politics Posts: 119535 Melbourne Gender:	Re: Share market crash this morning. Reply #585 - May 7^th, 2026 at 9:45am freediver wrote on May 7^th, 2026 at 9:16am: Sounds very sinister Bobby. I demand to know your business. Tax payers money was underwriting the purchases.
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freediver Gold Member Offline www.ozpolitic.com Posts: 52959 At my desk.	Re: Share market crash this morning. Reply #586 - May 7^th, 2026 at 10:51am What does that mean Bobby?
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Bobby. Gold Member Online Australian Politics Posts: 119535 Melbourne Gender:	Re: Share market crash this morning. Reply #587 - May 7^th, 2026 at 11:00am freediver wrote on May 7^th, 2026 at 10:51am: What does that mean Bobby? The Govt has a secret agreement with private oil companies so they can buy oil on the spot market and if they the price goes down and they are forced to lose money - the taxpayers will pay the difference to save their financial butts.
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freediver Gold Member Offline www.ozpolitic.com Posts: 52959 At my desk.	Re: Share market crash this morning. Reply #588 - May 7^th, 2026 at 11:23am Quote: The Govt has a secret agreement with private oil companies So secret they announced it on the news?
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Bobby. Gold Member Online Australian Politics Posts: 119535 Melbourne Gender:	Re: Share market crash this morning. Reply #589 - May 7^th, 2026 at 11:27am freediver wrote on May 7^th, 2026 at 11:23am: Quote: The Govt has a secret agreement with private oil companies So secret they announced it on the news? Top secret.
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Bobby. Gold Member Online Australian Politics Posts: 119535 Melbourne Gender:	Re: Share market crash this morning. Reply #590 - May 8^th, 2026 at 10:22am SELL DOW down -0.63% overnight: https://edition.cnn.com/business ASX down right now: ASX down -1.11% https://www.marketindex.com.au/asx200
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Bobby. Gold Member Online Australian Politics Posts: 119535 Melbourne Gender:	Re: Share market crash this morning. Reply #591 - May 8^th, 2026 at 12:48pm ASX down 1.64% SELL https://www.marketindex.com.au/asx200
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Captain Nemo Gold Member Offline Australian Politics Posts: 15188 Melbourne Gender:	Re: Share market crash this morning. Reply #592 - Today at 10:28am Interesting ... MTS is up 9% today. Was it a case of being over-sold?
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freediver Gold Member Offline www.ozpolitic.com Posts: 52959 At my desk.	Re: Share market crash this morning. Reply #593 - Today at 10:29am Probably something to do with the updated trading figures they released. Must have been good news.
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Bobby. Gold Member Online Australian Politics Posts: 119535 Melbourne Gender:	Re: Share market crash this morning. Reply #594 - Today at 12:52pm ASX down 0.6% SELL. https://www.marketindex.com.au/asx200 DOW premarket down 0.24% SELL https://edition.cnn.com/markets/premarkets
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Bobby.

Gold Member

Online

Australian Politics

Posts: 119535
Melbourne
Gender: male

Re: Share market crash this morning.
Reply #595 - Today at 3:47pm

https://www.marketindex.com.au/news/is-csl-the-asxs-biggest-ever-blue-chip-disas...

Is CSL the ASX’s biggest ever blue chip disaster? How the model is broken

Australia's greatest blue chip has lost two-thirds of its value —
how did the brokers get it so wrong, and could you have seen it coming?

Carl Capolingua
Senior Editor

Mon 11 May 2026, 14:34 AEST (1h ago)
∙
10 min read

Since mid-2024, CSL has shed over two-thirds of its value through a sequence of earnings misses, guidance downgrades, and competitive headwinds — yet broker consensus never once moved to sell, and worse, most told investors to buy.
We examine how broker consensus on CSL evolved across its spectacular fall from grace, see what the brokers are saying right now, and show one unemotional tool that signalled sell the entire way down.'

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freediver Gold Member Offline www.ozpolitic.com Posts: 52959 At my desk.	Re: Share market crash this morning. Reply #596 - Today at 4:03pm Even though it was "blue chip" by local standards, it was still a very speculative stock, being a medical researcher. The prices around $300 per share factored in significant expected increases in future profit that you would not get with BHP or Woolies shares.
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Bobby.

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Australian Politics

Posts: 119535
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Gender: male

Re: Share market crash this morning.
Reply #597 - Today at 4:09pm

freediver wrote Today at 4:03pm:

Even though it was "blue chip" by local standards, it was still a very speculative stock, being a medical researcher. The prices around $300 per share factored in significant expected increases in future profit that you would not get with BHP or Woolies shares.

"yet broker consensus never once moved to sell, and worse, most told investors to buy."

but Bobby was saying SELL. Wink

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freediver Gold Member Offline www.ozpolitic.com Posts: 52959 At my desk.	Re: Share market crash this morning. Reply #598 - Today at 4:59pm Even a stopped clock is right twice a day.
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Bobby. Gold Member Online Australian Politics Posts: 119535 Melbourne Gender:	Re: Share market crash this morning. Reply #599 - Today at 5:07pm freediver wrote Today at 4:59pm: Even a stopped clock is right twice a day.
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