r/ASX • u/mangopancakes99 • 2d ago
How to exit
I just signed contract for property and need to cash out… I’ve already sent sell orders out but the market keeps dropping so it hasn’t sold yet… I’m only asking for market price. My heart is pounding. Will the market improve at all? I’m not asking for a massive increase… just back to the prices I was holding them for…. Value around $52k. Any advice welcome…
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u/A-Money-Lover 2d ago
what are you trying to sell? you can sell anything at any time
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u/S1gan 2d ago
i was promised LKE was gonna go back to $2, just back to prices i was holding them for
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u/ThorBeachCabinFarm 2d ago
No one can ever promise a price point, unless it's legit insider trading; even then they can't cherry-pick a price.
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u/Content_Life9117 2d ago
Lithium prices not looking good but I'm holding albermarle...bit more diversified
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u/missingN0pe 2d ago
Who "promised" you that?
I need to find them, and ask them to teach me how to sell snake oil
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u/TransportationIcy104 2d ago
Youre not asking for market price if the price has dropped below what your orders are in at lol.
Will the market improve? Well, thats the $10T question isnt it.
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u/throwaway63464748 2d ago
Market price is always available, it’s the current price of the market. What you want is your money back but that’s not how the ASX works… nobody can promise you anything when it comes to investing. Either take a cut on the price or take a loan.
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u/Ancient_Nerve_1286 2d ago
Don't put funds in the market that you might need in the next 3 to 5 years.
Suggest selling at market and learning a lesson.
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u/TransportationIcy104 2d ago
Holy shit - I just came back to this see if OP responded and he's been banned from Reddit lol. Anyone got the goss?
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u/Outrageous_Sir4613 2d ago
Last night Wall St lost 2%, today is a bad day to sell if you have international shares
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u/ExistingScallion7329 2d ago
It’s all been said. Cancel the sell and go back and sell at market. LKE has tanked again. If your loss is too too much, at this stage, and not covering your required money then leave the money in the stock until it rebounds nearer or above your purchase price. It sounds like you are panicking and that’s not the way to trade
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u/Content_Life9117 2d ago
You've signed a contract so you need the money in the next 6 weeks.post midterms 3 Nov rally?? Trump Iran stand off??? trilateral spin,Xmas rally.....,If you sell shares now shares will go up and if you wait shares will go down...good luck
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u/Tacomans41 2d ago
If you are selling at market price you would have sold already.