the stock market

Post by **huge** » Fri Jul 27, 2007 10:13 am

start with some money. dont be scurred.

sneaky hands · Post by **sneaky hands** » Fri Jul 27, 2007 10:26 am

jbs wrote: Where do I start?

there'll probably be some bargains floating around at about 3pm this arvo if you have balls of steel and savvy picking ability.

C.I.A. · Post by **C.I.A.** » Fri Jul 27, 2007 10:26 am

Haven't had a chance to check out the business news.

Synopsis??

Is wall street looking shaky??

Edit.

Yep. Just checked out the Dow Jones. Had to happen... the US economy is due for a recession.

sneaky hands · Post by **sneaky hands** » Fri Jul 27, 2007 10:31 am

http://www.theage.com.au/news/business/ ... 98525.html

sub prime mortgage lending woes, drops in takeover activity, and mediocre earnings reports.

i think some people are really starting to freak out about corporate debt too.

if you have a long term outlook and some diversification in your portfolio its no biggie, especially considering the gains we've seen over the last year. there's bound to be the occasional slow-down. probably see around 2-3% drop today?

Post by **huge** » Fri Jul 27, 2007 10:35 am

sell sell !!!!

C.I.A. · Post by **C.I.A.** » Fri Jul 27, 2007 10:38 am

sneaky hands wrote:http://www.theage.com.au/news/business/ ... 98525.html

sub prime mortgage lending woes, drops in takeover activity, and mediocre earnings reports.

i think some people are really starting to freak out about corporate debt too.

if you have a long term outlook and some diversification in your portfolio its no biggie, especially considering the gains we've seen over the last year. there's bound to be the occasional slow-down. probably see around 2-3% drop today?

I'm wondering how this is going to affect the mining sector in the long term.

Resources have been (IMO) overpriced... if there is a drop in demand then this should translate to a drop in value.

I've got my on-line brokers account ready to do some bottom feeding.

sneaky hands · Post by **sneaky hands** » Fri Jul 27, 2007 10:42 am

its hard to tell, i think demand for metals from china is going to continue at least until after the olympics. i wouldnt be rushing out and buying huge amounts of BHP shares right now though.

Post by **huge** » Fri Jul 27, 2007 10:43 am

peebs on the stock forums are freaking out lol

Post by **JAMESSSS** » Fri Jul 27, 2007 10:48 am

sneaky hands wrote:its hard to tell, i think demand for metals from china is going to continue at least until after the olympics. i wouldnt be rushing out and buying huge amounts of BHP shares right now though.

Why not? I saw a poster at North Richmond Station that had their Head Financial advisor flying a helicopter to an oil rig.

Post by **huge** » Fri Jul 27, 2007 10:50 am

pretty dismal offers on my mining stocks deng.

not the end of the world tho! huhu.

mrj · Post by **mrj** » Fri Jul 27, 2007 6:40 pm

C.I.A. wrote:
sneaky hands wrote:http://www.theage.com.au/news/business/ ... 98525.html

sub prime mortgage lending woes, drops in takeover activity, and mediocre earnings reports.

i think some people are really starting to freak out about corporate debt too.

if you have a long term outlook and some diversification in your portfolio its no biggie, especially considering the gains we've seen over the last year. there's bound to be the occasional slow-down. probably see around 2-3% drop today?
I'm wondering how this is going to affect the mining sector in the long term.

Resources have been (IMO) overpriced... if there is a drop in demand then this should translate to a drop in value.

I've got my on-line brokers account ready to do some bottom feeding.

Maybe not.

Resource stocks have historically been valued as cyclical stocks. There is some rhetoric around that the market (mainly institutional buying) is starting to value them as longer term growth stocks.

The gazillion dollar question is whether this rhetoric matches reality. At the moment it does, but sometimes you do get the feeling that its going to soon bust in a spectacular fashion (and a cusorary glance at the huge fuckoff candlestick chart that is the shanghai index would seem to add a lot of credibility to that argument).

I'm split on resoures and mining, mainly because I know nothing about
- Financial Markets
- Resource Markets
- Mining
- Economics
- Pretty much anything else you can think of

So I'm going to sit comfortably on the fence for the moment.

marcus · Post by **marcus** » Sat Jul 28, 2007 11:12 pm

The mining sector has previously been viewed as cyclical, but I think that the current high commodity prices are going to be around for some time to come. There is huge potential for growth through China and India. The only problem will be being able to supply product to these poor infrastructure counties (ie not being able to get products to those demanding it - the cities are OK, but what about other parts of the country?) Also there is evidence to suggest that some resource stocks (mostly established companies) are undervalued based on earnings and share price. I don't know enough about this though, so I'm not going to comment.

In any case, I'm biased, as I work for a mining company.

sneaky hands · Post by **sneaky hands** » Sun Jul 29, 2007 2:07 pm

mrj wrote:its going to soon bust in a spectacular fashion (and a cusorary glance at the huge fuckoff candlestick chart that is the shanghai index would seem to add a lot of credibility to that argument).

the shanghai index has little relationship with fundamental reality at the moment - a market crash shouldnt have much direct effect on demand out of asia for resources, although it will certainly hurt the hip pocket of a lot of speculators in china and elsewhere.

mrj wrote:So I'm going to sit comfortably on the fence for the moment.

a good place to be imo.

sneaky hands · Post by **sneaky hands** » Wed Aug 01, 2007 4:01 pm

gawd its a blood bath out there today

Post by **huge** » Wed Aug 01, 2007 4:03 pm

fucken no good eh.

C.I.A. · Post by **C.I.A.** » Wed Aug 01, 2007 4:08 pm

Just bought 75 more shares in Enterra Holdings.

Ace

Post by **system** » Wed Aug 01, 2007 4:39 pm

lotta macquarie stocks almost worth buying up. a few more days, me thinks.

Post by **huge** » Wed Aug 01, 2007 4:55 pm

feckin nasty business today!

mrj · Post by **mrj** » Wed Aug 01, 2007 7:42 pm

w3rd. lots of nervous kiddies about. and for good reasons. some of those mortgage lenders in the us are getting maimed.

Post by **huge** » Thu Aug 02, 2007 12:16 am

blurgh what a crappy day lol.

kronz · Post by **kronz** » Thu Aug 02, 2007 12:20 am

huge wrote:start with some money. dont be scurred.

great word of wisdom there after todays action

sneaky hands · Post by **sneaky hands** » Thu Aug 02, 2007 10:18 am

im kinda hoping for 6 months of bear action

kinda like refreshing summer rain after a long hot day of fun at the beach.

Post by **huge** » Tue Aug 07, 2007 3:30 pm

yay things are green again!

same o · Post by **same o** » Tue Aug 07, 2007 8:00 pm

axa are about to anounce big proffits.. but i didnt say nothing..

ohh and buy telstra shares the cheap, and there dividends are fully franked, which i think means there divedends are tax free, or they are, one of them

Post by **system** » Tue Aug 07, 2007 9:42 pm

sneaky hands wrote:im kinda hoping for 6 months of bear action

hoping so, i've got a few buy orders that'll be triggered if that happens!

Post by **JAMESSSS** » Thu Aug 09, 2007 2:18 pm

Can someone explain CFD to me pls?

Post by **huge** » Thu Aug 09, 2007 2:33 pm

CFD means Contract For Difference. A CFD mirrors the performance of a share or index and offers the benefits of trading shares without having to physically own them. Just like physical shares your profit or loss is determined by the difference between your buy price and your sell price.

Post by **JAMESSSS** » Thu Aug 09, 2007 2:34 pm

Good idea? Bad Idea?

The same kinda idea as anything else?

Post by **huge** » Thu Aug 09, 2007 2:38 pm

sounds high risky.

ASX CFDs are a flexible derivative product traded through the ASX on the Sydney Futures Exchange. ASX CFDs allow experienced investors or traders with a higher risk tolerance to take advantage of movements in the value of a security, using leverage to fund the entire investment, without having to take ownership of the underlying asset.

The CFD market is one of the fastest growing areas in the Australian and European derivatives markets and for the first time, CFDs will be traded on ASX.

mrj · Post by **mrj** » Wed Aug 15, 2007 1:32 pm

O u C h ! ! ! !

Everyones getting maimed. Including me.

sneaky hands · Post by **sneaky hands** » Wed Aug 15, 2007 1:49 pm

lol its pretty fucked
im trying to ignore news papers and websites at the moment, its too stressful.

Post by **huge** » Wed Aug 15, 2007 2:52 pm

im down 16%

should of bought these when i had the tip!

PRR

check out yesterdays performance!

almax · Post by **almax** » Wed Aug 15, 2007 3:02 pm

now everyone BUY BUY BUY

mrj · Post by **mrj** » Wed Aug 15, 2007 3:10 pm

huge wrote:im down 16%

should of bought these when i had the tip!

PRR

check out yesterdays performance!

Yeah I was watching PRR - 1c to 7c in one and a bit days is one heck of a movement

all the movement is on the basis of a patent grant though. their is still clinical trials, TPA, FDA, heaps of shit. Just cos they got a patent doesn't mean they have a product, just lawyers. Way too speculative for my blood.

Post by **huge** » Thu Aug 16, 2007 12:09 pm

nic · Post by **nic** » Thu Aug 16, 2007 12:20 pm

would this be a good time to get into market?

Post by **huge** » Thu Aug 16, 2007 12:21 pm

yeah probably lol.

Blaxter · Post by **Blaxter** » Thu Aug 16, 2007 12:25 pm

Could still go lower.

gnat · Post by **gnat** » Thu Aug 16, 2007 12:57 pm

huge wrote:

lol

Post by **system** » Thu Aug 16, 2007 1:27 pm

even macquarie's affordable right now.

C.I.A. · Post by **C.I.A.** » Thu Aug 16, 2007 1:32 pm

Still holding off. I've got 1k set aside to pick up some undervalued stuff.

mrj · Post by **mrj** » Thu Aug 16, 2007 1:32 pm

yeah its not a bad time. picking the bottom of the market after a correction is tricky business, hindsight in the only true indicator.

There are a lot of undervalues stocks out there at the moment, although whether they will drift lower is anyones guess.

mrj · Post by **mrj** » Thu Aug 16, 2007 1:54 pm

Would be interested in peoples thoughts who know about such matters.

What would peeps recommend about selling into the current market to crystalise a capital loss to claim against assessble income come next July, then re-buying immediately (at potentially lower prices too) and the ideally holding for greater than a year.

Obvoiusly there is a liquidity risk but it seems today there is plenty of volume in the market (on the sell side) so it shouldn't be an issue.

Post by **huge** » Thu Aug 16, 2007 1:57 pm

i would also like to know more about that. can't you get caught out for making or changing investments purely for tax purposes?

mrj · Post by **mrj** » Thu Aug 16, 2007 2:03 pm

huge wrote: can't you get caught out for making or changing investments purely for tax purposes?

what? fuck no!

Its all above board as far as I am aware.

I was browsing some of the more traffiked forums and came across a guy who was running two CHESS id's or whatever and did this very thing, except he sold to himself (not himself per say but a business interest of his). He reckons he got away with it but ASIC did ring him up and basically said dont do it again or we will go after you.

As far as I am aware there is nothing to stop you selling into the market and buying back in 30 seconds later. I can see how you might get in trouble running concurrent personal buy and sell orders as it reeks of manipulation.

mrj · Post by **mrj** » Thu Aug 16, 2007 2:24 pm

For anyone who is interested, I've spent a fair bit of time on the various ASX forums around over the past few months. This forum is the best one I have found, little to no ramping and sensible heads with good judgement who are quite happy to share their views. Only about 500 registered posters so goes unnoticed by most traders, which is a big strength, as it doesn't attract the ramping attitudes of sites like hotcopper etc.

Good thread on corrections, including some discussion around current.

http://sharesguru.com/forum/viewtopic.p ... a&start=30

Post by **huge** » Thu Aug 16, 2007 2:38 pm

nice one.

on the crystalising thing. i think that is maybe what i was thinking what that dude was doing. i know its a common practice to offset at the end of the fin year.

must read more. huhuh

Post by **system** » Fri Aug 17, 2007 9:36 am

nais wan, mrj.

kronz · Post by **kronz** » Fri Aug 17, 2007 10:02 am

mrj wrote:Would be interested in peoples thoughts who know about such matters.

What would peeps recommend about selling into the current market to crystalise a capital loss to claim against assessble income come next July, then re-buying immediately (at potentially lower prices too) and the ideally holding for greater than a year.

Obvoiusly there is a liquidity risk but it seems today there is plenty of volume in the market (on the sell side) so it shouldn't be an issue.

Yes its a very good idea but the problem is it is some time till next financial year. Such tax planning stratergies should be thought out very carefully, they can fuck up on you. Josh go and talk to the tax people at your work.

Post by **huge** » Fri Sep 14, 2007 3:56 pm

aaaaaand we're green