CanOz
Home runs feel good, but base hits pay bills!
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A view to a Kill
- Thread starter Wheep0
- Start date
Had to really take time to ensure no private details are shown, Im happy there is none.
Current gearing 19%
M/L currently $ 356,856
Interest paid monthly and offset against CGT on profits
OWN Funds used since 15/10/08 $ 974,000 ( - minus $165,000 profits just taken back )
Own funds commited as of start of trade 28/05/09 $ 809,000
Profit in 7 months if sold down entire holding ( minus KAR) at COB 27/05/09 $ 577,691.50
All above figures on a 3750 ish market index !
PORTFOLIO VALUE and holdings minus 20,000 KAR ( which is in my wifes name) AS OF START OF TRADE 28/05/09 $ 1,743,547.58 Equity $ 1,386,691.50
( yes it will take a small hit today on a down day, No worries, my portfolio can go up and down by $ 50- 90k some days)
No holdings or transactions linked to Super.
Approx $ 165,000 profit on $ 485,000 sales of ASX, OZL, BHP, SDM, NAB, RIO, WOR, LEI already taken in Late April/ Early May 09………
Have listed approx 40% of transactions…sure there are those that would like every single one listed, and will still call for more- Get over it !
Not posted for egotistical purposes, or to wind anyone, posted to show the Ubber bear`s on here who asked and demanded it, and to prove this has been and still is a once in a lifetime opportunity for people who are prepared to go mid to long on quality oversold stocks and against the hysterical bear driven Donnie Darko rants. Got to have faith in the economy for rebound. History will prove this time is no different. Quality stocks do not become dogs overnight
If you don’t agree with that, again that`s your view.. Stick to your own plans, Im not trying to influence anyone!
Now all you Ubber Bears you can all call me arrogant and bigheaded for posting. Cant win.. You call for proof, because your little bear brains cannot compute that bullish people could be milking this situation. Now I await the other insults that will no doubt come.
My holdings could be 10, 20 ,30, 50 times less or more…. No matter what value of money I invested or anyone invested in these stocks. If balls and belief were shown to buy at these times then 70% + returns on the portfolio over 7 months would be and is a fact.
Now I suppose I better sell the lot, as we are going to 2500 and below !, Na don’t think so, my plan has always been to Totally exit this market on 4600 ish index, whilst taking a few select profits on the way and never ever return. Pretty reasonable I think, not setting the target to high, still a 2000 point lower exit point than the bull high of 07 … so April , May, June next year is allowing plenty of time for that I think. May happen a lot sooner of course !
Just remember though none of the above is really true, I slipped through to my parallel universe to obtain this, had to wait a while for the portal to open to allow me back.. hence the delay to post..
Also remember, I am very ready to click that sell button at any time if I am wrong,
Down, $30k today, tomorrows another day though
Carpe Diem.
x
There is a fundamental difference between a trader and an investor, I'm sure I don't need to point this out to most of the people who hang out on this forum.
Wheepo is coming from the view point of a buy and hold investor, it's about building a substantial position for the "longer term" (however you wish to define that time period), if the market crashes again, well, that's just another buying opportunity. The demon lurking in the background for the long term investor is inflation. That worries me a bit. The risk of inflation a few years down the track is more concern than a crash in equities in the next few months.
The bearish view of short term traders is not necessarily in conflict with the bullish longer term view of the investor. Both are probably justified.
Regards
Ray
Wheepo is coming from the view point of a buy and hold investor, it's about building a substantial position for the "longer term" (however you wish to define that time period), if the market crashes again, well, that's just another buying opportunity. The demon lurking in the background for the long term investor is inflation. That worries me a bit. The risk of inflation a few years down the track is more concern than a crash in equities in the next few months.
The bearish view of short term traders is not necessarily in conflict with the bullish longer term view of the investor. Both are probably justified.
Regards
Ray
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Thanks. Indeed I am. Yourself?
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Well done wheepo, through either skill or luck you managed to get some bargains at/near the bottom of the market.
Your confidence is commendable but imo, misplaced. The more confident you are the harder you're eventually going to get hit when everything goes wrong, and you end up enriching some trader..
Hope you don't get totally screwed.
GL
Your confidence is commendable but imo, misplaced. The more confident you are the harder you're eventually going to get hit when everything goes wrong, and you end up enriching some trader..
Hope you don't get totally screwed.
GL
Mate,
I am outed with my exit strategy. 4600 ish.. You think thats over confident?
50% Job done, buy at the bottom... Im not holding for a bull market. 4600 game over... story finished
Remember kaiser Soeze, you never know the devil has visited you until hes past and left his mark !
:
You seem a nice guy, good luck to you and your trades..
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give me a week and i,ll knock up my word doc with all my lowest lows buys also
thanks for providing something and good luck with your holds but my names billy not silly
cheers
thanks for providing something and good luck with your holds but my names billy not silly
cheers
Dont go posting anything for me.. Not interested in your positions,never were you were obvioulsy very interested in mine...
Looking for a nice up day today
When do you think we will reach 4000 ?
My view, we will nudge it within the next 4 weeks, and retract back to 3800 for month or so...
Far more positive and sustained upwards movement coming in September IMO
Have a good day
:wheep0
I'm just going to ask you one thing though WEEP0. What if the market doesn't go straight to 4600? Some things don't move in a linear pattern like we'd like them to do. Eg, we buy shares, thinking and hoping and sometimes assuming that they're going to reach xx level.
What if the market moves back to 3100 before going to 4600? What if it crashes to 2700 before taking 1 year to get to 4600? What if it never gets to 4600? All i'm saying is you should have an exit strategy that depends more on fundamental or technical analysis rather than on an aggregate figure.
Eg, i bought a certain share at $44.00 a year ago. It rallied all the way to $57.00 in a very short amount of time. I thought it would get to $60+ based on nothing but historical data. Boy, was i wrong. I watched it fall to $56, $55. I think i finally exited a little under $55.00. It then went on to fall a further $10-12. It is now trading at $22.30. So, all i'm saying is "watch it"!
Trembling Hand
Can be found on the bid
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Thanks for the info Wheepo looks like a very good trade to me but I still don't know 3 things,
Oh and do you get paid as well in your day job for the same effort? I assume not so is what the better game? being a wage slave or having the freedom of a trader?
- Why you think you are the only bull here
- Why seeing the potential of this game and fully participating in it you think traders are mugs
- Having the luck, balls, brains whatever you want to call it you still talk like you are better than all the other punters here who do what you have done not once but over a long time with 100 times more trades
Oh and do you get paid as well in your day job for the same effort? I assume not so is what the better game? being a wage slave or having the freedom of a trader?
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Probably some time next year, 3950 was recently rejected fairly strongly; anecdotal evidence of insiders selling out into the current holding pattern, a break to the downside is more likely.
But at it end of the day anything can happen so you need to do what’s appropriate for your circumstance.
Good Luck with it.
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Huh? But if you didn't have any of those purpose, you WOULDN'T HAVE POSTED IT in the first place.
Why care about providing proofs to the "UBER BEARS" anyway?
I mean you are making tons of profit out of this rally, why brag about it on this forum? Why not go and enjoy the profit you have just made? Why even spend time on this forum anyway? If people don't believe you made the profit, then who cares, is that right?
Or because you have such a big ego problem that you must try to disprove others to satisfy yourself?
Wheep0 said:
See the words you are trying to use. Can't win! That means you WANT TO WIN and you WANT the uber bears to lose. That's egotistical behaviour at its worse.
By the way, look beyond the Australian stock market and you can probably understand why some of us are quite bullish on certain things. (emerging markets, energy and agriculture soft/grain commodities, precious metals and any small cap stocks that trade those commodities)
Again, I seriously don't get why you are starting this thread anyway.
You cannot claim that you are doing this for non-egotistical purpose if you are trying to provide PROOFS to the "uber bears" that you did make the trade.
Hell, I'm acting quite egotistical here too. Why should I ever care about explaining to you how egotistical you were anyway!
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Wheep
Just so you know
I made 13% in april alone
And im a bear
Love you xx
Just so you know
I made 13% in april alone
And im a bear
Love you xx
Wheep
Just so you know
I made 13% in april alone
And im a bear
Love you xx
Well done you....I dont doubt it....
More than 1 way to flog this market
This is great, some good debate now, stirred the nest up a bit anyway..
Keep it up, all the best..
wheeps..
ehh, you think its perfectly reasonable and rational for it to drop in a linear pattern, which it has for the last 18 months, but not the other way...
Base your rational on that assumption..
If it drops to 3100, I will just buy more
and wait a bit longer with even more stock bought at that index level.. No worries... 4600 it will reach, at some stage in the next 18 months, nothing more certain.. If you think differently, then that is not really rational in my view..I will be there waiting for it..Its what I have been doing all along, bought on Octobers low and Feb march low and pretty much all other points between it..
Wheeps
:And that would have been a bit silly buying a stock at $ 44 a year ago, at a market index of around 5500!!
prawn_86
Mod: Call me Dendrobranchiata
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And that would have been a bit silly buying a stock at $ 44 a year ago, at a market index of around 5500!!
Why does price matter??? Your showing your naivety
Sorry King prawn 86,
I only used the $ 44 figure as that was what the OP posted...I merely replied with his scenario....If that is showing my naivety, so sorry..
However I will rephrase my last post just for you...
Buying a year ago on a 5500 index, that was a bit silly !
:wheeps
Oh, just remembered he will not be able to answer me till his boss lets him go home. Pity the poor sole that has to front up each day and kiss butts to get by and then doesn't even recognise their wasted lives washing away in the greatest scam since before the slaves built the pyramids.
Then tries to publicly justify it by telling us he grabs a little golf with his oh so infrequent spare time,
"slaves do not trade they are traded"
Oh me , so quick to Pass judgement.
I consult in the oil industry, 5 days a week, and on call most weekends, somedays though I play golf, of course all on my service providers expenses, some days I do other equally pleasurable things, again all on their expenses.
Front up and kiss butt, I think you have got me confused for the image you see every morning when you shave...
I wont of course mention my day rate, which over the last 10 years or so has been at pretty consistent level which you really could not understand, with my time spent at Bp, Chevron, Shell etc....
Oh and just so you wonder why I dont post during the day, its because im either playing golf, sorting out my rig, or having long lunches, again paid for by my service providers..
Oh and my current company has a pretty strict internet ruling on chat forums, which remember you are on..
Anything else you want to saddle me with ??
Toodle pip
wheeps
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