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prs

prs
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Have the markets bottomed out yet? Has all this negativity and uncertainty finished yet?
Many of you are skilled at judging the market, you have seen developments over many years, you've seen companies come and go, seen share prices rise and fall and bull and bear markets. I would dearly love some of you to inform me and any other new investors what you believe will happen to share prices from here on. In particular I have a hefty investment in MTN and other uranium shares. Last week I saw MTN fall beneath what I paid for the shares and then claw its way back. Would someone please answer the following questions for my peace of mind?
When do you believe the markets will rally?
What will it take for this to happen?
Where do you see the uranium sector in the short and long terms?
MTN peaked in 07 at about $6.80. Do you believe it may surpass its all time high in the not too distant future?

I would be truly grateful for honest opinions
 
prs,

Whilst it's not my call to make (I'm not a mod), it seems you are asking for advice, which is not allowed on this forum. If you dig around you will get answers to most of your questions. People often offer up their opinions on where they think the market is headed. But remember that's all it is, an opinion.

From memory I think there is a uranium thread and an MTN thread for conversations specific to those areas.
 
prs said:
Have the markets bottomed out yet? Has all this negativity and uncertainty finished yet?
Many of you are skilled at judging the market, you have seen developments over many years, you've seen companies come and go, seen share prices rise and fall and bull and bear markets. I would dearly love some of you to inform me and any other new investors what you believe will happen to share prices from here on. In particular I have a hefty investment in MTN and other uranium shares. Last week I saw MTN fall beneath what I paid for the shares and then claw its way back. Would someone please answer the following questions for my peace of mind?
When do you believe the markets will rally?
What will it take for this to happen?
Where do you see the uranium sector in the short and long terms?
MTN peaked in 07 at about $6.80. Do you believe it may surpass its all time high in the not too distant future?

I would be truly grateful for honest opinions
Click to expand...

Mods, I wouldn't be too quick to condemn this post, the part I have put in bold and underlined is, IMHO, against policy, but the rest of the post is within bounds right? Can just the offending part of the post be excised?
 
Timmy said:
Mods, I wouldn't be too quick to condemn this post, the part I have put in bold and underlined is, IMHO, against policy, but the rest of the post is within bounds right? Can just the offending part of the post be excised?
Click to expand...
Yes, the post is fine IMO. It's not designed to ramp MTN in the slightest, but a call out to others to provide reassurance that this stock may eventually get back to these levels. That discussion belongs in the MTN thread, not here, so I will not comment..........
 
Well, according to the ever reliable Herald Sun, things are going to get worse, much worse. I mean just look at these words they used throughout the article... I had a good LOL at this in the morning:

"mayhem"
"free fall"
"horror"
"plunge"
"meltdown"
"tumbling"
"plummeted"

I wonder if they stopped when they had no scarier words left to use in Microsoft Word's thesaurus? :rolleyes: :D

I'm so glad I don't buy this rubbish. Reminds me of their articles in their February and August corrections last year.
 
M34N said:
Well, according to the ever reliable Herald Sun, things are going to get worse, much worse. I mean just look at these words they used throughout the article... I had a good LOL at this in the morning:

"mayhem"
"free fall"
"horror"
"plunge"
"meltdown"
"tumbling"
"plummeted"

I wonder if they stopped when they had no scarier words left to use in Microsoft Word's thesaurus? :rolleyes: :D

I'm so glad I don't buy this rubbish. Reminds me of their articles in their February and August corrections last year.
Click to expand...
To turn this around a little, I remember the HS jumping on all time highs of the past 20 years saying :

'all time highs'
'markets sore'
'it's gold'
'share values spike'
'super funds go balistic'
'jump on the train'
'toot toot'

etc, etc.

The HS is probably one of the best indicatorors of a turn around.

And, when Wayne changes his avatar to something other that a furry animal.
 
Whatever sells papers, hey? :p:

It's hardly even news worthy, all it does is give the "average mum & dad investor" another story to talk about other than the usual 'interest rates are rising', 'petrol is skyrocketing', yadda yadda stories you see plastered on these papers and A Current Affairs/Today Tonight.

Anyways, apologies for hi-jacking the thread, just thought it would be interesting to post that to show what the "average" joe blow thinks about the market at the moment...
 
IMHO the bigger issue than whether this constitutes asking for advice is that the information prs asks for is already being discussed in depth on other threads. Do we really need to start another thread on where the market is heading?
 
hs said:
The US market ignored news of a $165 billion stimulus package to kick start the economy announced by President George Bush on Friday, sparking fears of a US recession and more losses on the Australian market.
Click to expand...
Funny thing was the markets started reversing immediately after Bush announced the plan, which the markets didn't like.

Well done HS.
 
kennas said:
To turn this around a little, I remember the HS jumping on all time highs of the past 20 years saying :

'all time highs'
'markets sore'
'it's gold'
'share values spike'
'super funds go balistic'
'jump on the train'
'toot toot'

etc, etc.

The HS is probably one of the best indicatorors of a turn around.

And, when Wayne changes his avatar to something other that a furry animal.
Click to expand...

'markets sore'
Click to expand...

It most certainly is :D
 
Guys, It was never my intention to ramp and I'd appreciate some forgiveness for my ignorance. I don't spend as much time as I'd like searching through all the threads to be boned up as much as some of you. However, I take the comments on the chin and retract the request for direct advice.
I guess when a man has worked for 40odd years with no sight of retirement on the horizon and suddenly goes against his normal conservative life policies in an endeavour to make sufficient money to achieve that goal, he gets **** scared when his life savings are going backwards. Yes, stupid I hear you say, but I had to do something.
It's pretty obvious that I have a significant investment in that particular uranium coy and what's happening is causing me a great deal of concern.
I am seeking your thoughts with a view towards reassurance that the market and MTN won't go down much further and that the indicators you guys are aware of either say it's going to get better or it's going to get worse.
I constantly read the MTN thread but there's nothing happened there since 15/12/07, hence the question.
Please accepy my apologies and I will read the thread put up by doctorj.
 
prs said:
Guys, It was never my intention to ramp and I'd appreciate some forgiveness for my ignorance. I don't spend as much time as I'd like searching through all the threads to be boned up as much as some of you. However, I take the comments on the chin and retract the request for direct advice.
I guess when a man has worked for 40odd years with no sight of retirement on the horizon and suddenly goes against his normal conservative life policies in an endeavour to make sufficient money to achieve that goal, he gets **** scared when his life savings are going backwards. Yes, stupid I hear you say, but I had to do something.
It's pretty obvious that I have a significant investment in that particular uranium coy and what's happening is causing me a great deal of concern.
I am seeking your thoughts with a view towards reassurance that the market and MTN won't go down much further and that the indicators you guys are aware of either say it's going to get better or it's going to get worse.
I constantly read the MTN thread but there's nothing happened there since 15/12/07, hence the question.
Please accepy my apologies and I will read the thread put up by doctorj.
Click to expand...

There's not a man or woman alive who knows when or at what level this market will stop falling.
What I can tell you after many years of market experience is that whatever the market is doing at present, it's unlikely to stop doing tomorrow or even next week.
When a market is heading decisively in one direction it usually keeps going further in that direction than most people thought it would go.
The market is downtrending strongly at present, so that should tell you something.
Furthermore, the news from the US is all bad for their market, and it's their market that has a big influence on our market.

Bunyip
 
dhukka said:
IMHO the bigger issue than whether this constitutes asking for advice is that the information prs asks for is already being discussed in depth on other threads. Do we really need to start another thread on where the market is heading?
Click to expand...

In my inititial response on this thread I concentrated on the 'personal advice' angle, but thanks for this dhukka I think the points you raised are more pertinent. Re another thread on where the market is heading - sign of the times I suppose.

prs said:
I guess when a man has worked for 40odd years with no sight of retirement on the horizon and suddenly goes against his normal conservative life policies in an endeavour to make sufficient money to achieve that goal, he gets **** scared when his life savings are going backwards. Yes, stupid I hear you say, but I had to do something.
It's pretty obvious that I have a significant investment in that particular uranium coy and what's happening is causing me a great deal of concern.
I am seeking your thoughts with a view towards reassurance that the market and MTN won't go down much further and that the indicators you guys are aware of either say it's going to get better or it's going to get worse.
I constantly read the MTN thread but there's nothing happened there since 15/12/07, hence the question.
Please accepy my apologies and I will read the thread put up by doctorj.
Click to expand...

prs - I write this with the utmost respect, if I am out of line I apologise in advance; I am not in your circumstances and can only imagine what you are feeling given you have described what is happening as causing you a great deal of concern. Asking us to have regard to your personal financial circumstance is also something that without an appropriate Australian Financial Services Licence no-one is actually permitted to do. But, hey, bugger that. In your circumstances please consider VERY carefully if you want what you describe as a significant portion of your life savings in any one "investment". Regardless of what company it is (I know NOTHING about the uranium industry or that particular company). Eggs in one basket and all that. Please consider what it would mean to you if the share price of that one company was to halve from here, or to fall even further. Such moves DO happen - all the time.

The sharemarket IS a risky place, and the risk is multiplied manyfold with inexperience. I am not saying do not trade/invest in the market, not at all, but I am saying you have gone about it the wrong way and you are likely to have considerably more concern. Again, if I am out of line, sorry.

I think you could do much worse than to heed the words of "bunyip", below:

bunyip said:
There's not a man or woman alive who knows when or at what level this market will stop falling.
What I can tell you after many years of market experience is that whatever the market is doing at present, it's unlikely to stop doing tomorrow or even next week.
When a market is heading decisively in one direction it usually keeps going further in that direction than most people thought it would go.
The market is downtrending strongly at present, so that should tell you something.
Furthermore, the news from the US is all bad for their market, and it's their market that has a big influence on our market.

Bunyip
Click to expand...

Good luck with whatever it is you decide to do.
 

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