A view to a Kill

[beamstas]

"When macquarie were $90 everybody was saying macquarie $120 is a sure thing and $90 is a bargain. They didn't expect it could fall any more than $90 and everyone was buying up thinking $120 each what a great buy!

Well if $90 was good value $30 must be a heck of a bargain!"

1 point for guessing who said that
2 points if you understand the meaning of it

 

[Nero64]

Re: A view to a Kill - That song is awesome!

Weepo i can't see why you would lie and it's quite amusing that some people are being hostile towards you. It's only natural to boast sometimes and I bet your sitting back laughing as you stir the pot so to speak. I do see some humility in your posts as well.

You're lucky to have had such a substantial sum to put in the market just at the right time. Most traders average down until they have no money left to buy stocks or they just do not want to buy due to their mounting losses.

But I just have one question. What made you invest at this time? Last year we had two clear bounces. One during March - May after the Bear Sterns collapse. Then in July - August after oil went down from its highs. Did you try putting money in before this or were you waiting for the panic to reach a crescendo? Bear (no pun intended) in mind many still say the S&P 500 is still slightly overvalued and it should fall some more.

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?

Many of us have to be a wage slave due to mortages and paying of debt etc. It is only a natural progression in life. We can't all start with money and turn it into more money trading. In fact many people like going to work, interacting with people day in and day out. Without doing this then how will our society develop. Everyday I go to work I see a beautiful woman I think hey isn't it worth getting on a bus to see that everyday. Just some of my thinking. I work in the Sydney CBD and if I have to die due to pollution or cancer by staring at a computer screen all day atleast I should be compensated by seeing a few good looking chicks.

P.S Have not entered marital slavery yet...I will go off and build some pyramids now for my beloved Pharoah.

 

[Wheep0]

Re: A view to a Kill - That song is awesome!

Weepo i can't see why you would lie and it's quite amusing that some people are being hostile towards you. It's only natural to boast sometimes and I bet your sitting back laughing as you stir the pot so to speak. I do see some humility in your posts as well.

You're lucky to have had such a substantial sum to put in the market just at the right time. Most traders average down until they have no money left to buy stocks or they just do not want to buy due to their mounting losses.

But I just have one question. What made you invest at this time? Last year we had two clear bounces. One during March - May after the Bear Sterns collapse. Then in July - August after oil went down from its highs. Did you try putting money in before this or were you waiting for the panic to reach a crescendo? Bear (no pun intended) in mind many still say the S&P 500 is still slightly overvalued and it should fall some more.




Many of us have to be a wage slave due to mortages and paying of debt etc. It is only a natural progression in life. We can't all start with money and turn it into more money trading. In fact many people like going to work, interacting with people day in and day out. Without doing this then how will our society develop. Everyday I go to work I see a beautiful woman I think hey isn't it worth getting on a bus to see that everyday. Just some of my thinking. I work in the Sydney CBD and if I have to die due to pollution or cancer by staring at a computer screen all day atleast I should be compensated by seeing a few good looking chicks.

P.S Have not entered marital slavery yet...I will go off and build some pyramids now for my beloved Pharoah.

A view to a kill.. Duran Duran - meeting you with a view to a kill...

My friend, In my entire life I have never used the stock market as an investment tool..I have never even touched it up until October 2008.

Why.. Long story, I have spent the last 5 years being pretty transient. Suddenly August 2008 I find myself back in good old OZ with a 3 year contract for one of your Major resource players..I left here in 1992 due to my career and travelled all over in my field. Spent 4 years in Azerberjain, 3 years in Sudan, 5 years in Norway and and 5 years in the Uk..

I have always had success with property and other things.. Never really looked at the market being the tool of choice for my needs...Im certainly not a trader, not astute enough in the market to call myself an expert, it just did not do anything for me. At the time of 12% + returns on cash, and property jumping 30% in a year,the market was the last port of call for me to consider.

Right time right place, find myself back in this beautiful land, having sold out of a number property`s last year at the right time.... I still have property both here and the UK. They have taken a hit, however they will ride this out and be allowed to come back over time. Not selling any more...

I know enough of the world and enough about business, resources, and global mindsets to see an opportunity... I entered the Market here on a 3800 index, bought a little ,sat back and bought heavy at 3500, then bought all the way down to 3250 and back again to 3600.. Not had a buy for a month now, just taken a few profits. If it does retract, I will buy again...I have no fears of this market, perhaps I dont know enough about it or just perhaps I feel I have entered at the right time. What ever nothing scares me, I am a confident person anyway.
What I will say is though, I am not so stupid, or conceited to not to have a get out plan if I am wrong and that plan is always very much on my mind.
I will however give this every chance, Im not scared by blips, downward movements or negativity, I see that as further opportunity !

I will exit this market on a 4600 index unless something of such magnitude befalls us that the entire globe has not yet factored in..Chances of that are slim, but as history proves, there is that chance !
Plan is exit completely on a 4600ish index.. Then it will be property time again..I am in the right place at the right time, no more , no less. Im not an expert and Im not a chartist, just someone who believes now is the time for me to be investing in quality oversold blue chip and mid tier infrastucture, resource, energy and fertiliser stocks with a few spec up and coming resource stocks which I feel with my knowledge in that industry hold tremendous upside potential. I am the biggest Oil bull, I have spent all my life working with it and know just how much money it costs to discover, ascertain reservoir potential and then get it out of the ground. If anyone out there was thinking that 30 or 40 bucks a barrel was goin to lead to any real investment , then they are gravely mistaken. Of course the downward spike happened so quicky that the media view was that exploration and new projects were not being affected. Business as usual by the greedy oil majors, ramping up the pump rates.. Matter of fact was and is that budgets are set years in advance , long lead equipment is sourced and procured, services are tied in and there is no way to get out of them. What has happened is budgets from 2011 onwards have been decimated...There will be a massive reaction to that, which has just started to happen. The jump from $ 32 to $ 62 will seem minor compaired to the spike that will hit end of the year...

Anyway enough of that drivel, its late , the whisky glass is teamed and hopefully a decent sleep awaits. Hope so ,Im in the office at 7m tomorrow!

One thing that brings it all into perspective for me...

Believe me,the knowledge and privilege of coming home every day to my 3 year old son, wife and 3 daughters make me realise just how lucky I am, not the job, day rate or money, stocks and property`s I have in my portfolio

And thats it... nothing more to add...

I would like to probe you a little to end if I may, why do you think the S & P 500 still has more to fall. There is a huge change of sentiment rapidly gathering pace, and one thing the yanks are very good at is riding the wave...
My view is , its all a bit soon, but the wave is being ridden, and slowly figures are creeping out that will keep that momentum going. Then we find ourselves on a level playing field...Is the world going to again progress and prosper as is my view, or are we going to digress and sink back to global panic and terminal decay.. which is of course the views of most bears..

I love your sentiments about the girls on the bus... That is a good thing, you got to have that to make you tick...Im 42 and believe me as happily married as I am, I use the same coffees shop every morning at 06.30, not on the basis of the quality of coffee, but on the basis of the angel and her smile serving it

BTW
BHP Billiton...... Fantastic company....

cheers
Wheep0

 

[nunthewiser]

Re: A view to a Kill - That song is awesome!

I think you have got me confused for the image you see every morning when you shave...

:

LOL now that was a good line

A view to a kill.. Duran Duran - meeting you with a view to a kill...

I truly cannot believe that anyone out there is proud to admit they liked duran duran



...Im certainly not a trader, not astute enough in the market to call myself an expert,

I know enough of the world and enough about business, resources, and global mindsets to see an opportunity...

I am in the right place at the right time, no more , no less. Im not an expert and Im not a chartist, just someone who believes now is the time for me to be investing in quality oversold blue chip and mid tier infrastucture, resource, energy and fertiliser stocks with a few spec up and coming resource stocks which I feel with my knowledge in that industry hold tremendous upside potential.


Believe me,the knowledge and privilege of coming home every day to my 3 year old son, wife and 3 daughters make me realise just how lucky I am, not the job, day rate or money, stocks and property`s I have in my portfolio

thankyou for these reasonings and outlines, ya dont sound like such a big headed dreaming tossa no more

sincerely wish you well

a.nun

 

[moXJO]

moxjo

A
I would like to probe you a little to end if I may, why do you think the S & P 500 still has more to fall. There is a huge change of sentiment rapidly gathering pace, and one thing the yanks are very good at is riding the wave...
My view is , its all a bit soon, but the wave is being ridden, and slowly figures are creeping out that will keep that momentum going. Then we find ourselves on a level playing field...Is the world going to again progress and prosper as is my view, or are we going to digress and sink back to global panic and terminal decay.. which is of course the views of most bears..

I have been seeing this sentiment shift in US chat rooms as I trade yank stocks. The seppos are still a bit skittish but there have been some strong moves up. Imo we might be in for one more crisis panic. Here's a little too why I think it might eventuate

If you add up all the government bailouts, explicit and implicit, along with actual government purchases of assets (debt from banks) it comes out to a surreal $30 trillion. Markets are cheering that things have “stabilized” and “things are getting less bad”. I ask you seriously when the government throws $30 trillion at the “crisis” (one which bankers are now claiming is over), can you call that stable? That is like declaring a patient being kept alive on a heart-lung machine healthy.

Of course we have stabilized. The government has bankrupted our future to do it. The government(s) control the LIBOR market, the swaps market, the bond markets with all the “money” they are printing. They are feeding “money” to banks under the table at an alarming rate.

Those declaring the economy is now recovering do not understand (still) the problem: we are stuck with too much debt. The government’s solutions are to create more debt, as their next to be announced PPIP does. But an economy grows from production, not lending at the wrong price. This is a long term problem; the government has only addressed the short run symptoms.

But at the same time I still trade long on stocks. I am not waiting around for the end of the world; I trade what is in front of me. If the above does play out there will always be more opportunities. It is a possibility that you plan for, so that if it does come to pass you already have an idea of how it will play out (e.g. higher inflation, gold, FX plays)

I applaud you for your trade. You dove in and took the opportunity when you saw it. Just don't come here and $hit on the traders that do that month in, month out, as it just creates cyber drama.

Your first few posts rubbed half the people here the wrong way. Your last post I found more interesting, informative and added to the forum. More of those please, as your experience in your field would be a goldmine of information.

 

[Aussiest]

And that would have been a bit silly buying a stock at $ 44 a year ago, at a market index of around 5500!!

Uhhm, no it was LEI, which you currently hold. I have done some screen shots for you. It is not to prove anything, hell, there are losing trades in there too. My point is, you or i or anyone can think we're on a winning trade and it can turn against us. The thing is, to pull out when you see it go down. Please look at the LEI trades. You said it was a bit "silly" buying in at those levels, but i made $$$. The thing is, i got out before it turned to dust. Well, what is it now? $23.00? Please note, i have also made $$$ on this run!. My point is, it can look good for a while and then turn against you. I was on your side when i said that

My point is that something that looks so good at the time can crash. Just like LEI has over the past 12 months.

 

[nunthewiser]

View attachment 30730

hey man that almost lookslike a realistic copy of a trading statement , please give weepo a hand with his

 

[Wheep0]

hey man that almost lookslike a realistic copy of a trading statement , please give weepo a hand with his

And its goodbye from me, see you on the other side....
I will leave with my final parting.

If half of you knew as much as you thought you did, and the other half actually knew half as much as they were given credit for, you never know you may just have half the answers.

My time is done.
I will Leave your littleclub in the capable hands of the choosen and privaledged few who think they know it all.
wheep0

 

[nunthewiser]

um , emotional outburst have no place in trading bud ......


it seems you happy to dish it out but cannot take it


i suggest you take up yoga to help with the oversensitivity situation and rejoin us shortly

sincerely wish you well and actually enjoy a few of your posts

 

[mazzatelli1000]

If half of you knew as much as you thought you did, and the other half actually knew half as much as they were given credit for, you never know you may just have half the answers.

My time is done.
I will Leave your littleclub in the capable hands of the choosen and privaledged few who think they know it all.
wheep0

What a pity...
The wealth of information you have left us will be cherished....

 

[MRC & Co]

And its goodbye from me, see you on the other side....
I will leave with my final parting.

If half of you knew as much as you thought you did, and the other half actually knew half as much as they were given credit for, you never know you may just have half the answers.

My time is done.
I will Leave your littleclub in the capable hands of the choosen and privaledged few who think they know it all.
wheep0

Thx for all the knowledge you have shared.

Final thoughts: Wheepo has taught us; to buy when you think it's too low.

Thanks. I'll use that next time I am planning a trade.

 

[sammy84]

Wheepo has also taught us that if ever make money on the market, make sure the whole world knows about it, oh and that bears are stupid.

 

[Real1ty]

My time is done.
wheep0

But where will you get your attention fix from now?

My guess is HC and to be honest you will fit in very well over there.

Later...

 

[Sean K]

Ah, what a shame.

Good luck in your endeavors Wheepo!

I for one, will miss you long time.

 

[beamstas]

Didn't he say he was waiting for 4600 to sell?
Poor bloke i bet he's lost 10mil this week since the size of his portfolio is obviously HUGE