Australian (ASX) Stock Market Forum

ASF Members - Where Are They Now?

Jump to new
sptrawler said:
I don't mind posting in the general thread, but hate posting in the specific stocks thread.
This is mainly due, to my own lack of confidence, in any personal belief in the underlying integrity of a stocks value.
I have been in the market for nearly 30 years and still find it has no rhyme or reason. It is driven by market manipulation, self centred management and herd mentality, therefore it is very difficult IMO to post other than an educated guess.
I personally try to adopt a policy of buy and hold a core of companies, that make the foundations of my holdings, then gamble on a small percentage free cash.
However I do find there is a wealth of knowledge on ASF regarding financial matters, be it regarding tax matters, superannuation, general financial, real estate and political matters.
Maybe it's an age thing, maybe a lot of the posters on ASF are old enough to know " unless you have something intelligent to say, say nothing"?
Who knows:confused:
Click to expand...

Tend to agree. Particularly the part I bolded.

I can't actually understand how funds ect are supposedly making money from the market. From my perspective it seems to be struggling to even hold it's feet. At the spec end it is a disaster. Makes it very hard to feel confident about any need venture and as I see it any short term profit seems to be taken very quickly.
 
SirRumpole said:
I wonder if the advent of algorithmic speed trading has contributed to a lack of interest in trading by small investors and therefore a drop off of interest in forums like this ?

Lets face it, small investors are just not in the race when it comes to trading. Computers that have direct access to the ASX computers have the advantage as this article points out.

http://www.smh.com.au/money/investing/share-wars-how-the-robots-are-robbing-you-20120825-24t4t.html
Click to expand...
As you say, it's almost impossible to compete with the bots and high speed computer links used nowadays.

No wonder the forum focus has drifted to longer term outlook, superannuation, market indices/index funds and so forth. Where the bots can't beat you with millisecond trades.

Also I think Smurf is correct in saying that a lot of the political comment is finance/investment related, eg negative gearing, GST and tax reform generally.
 
One thing I've noticed is that most people in Australia are more interested in property than shares/other financial instruments. Not

I have tried to find like minded people in real life interested in shares etc but have struggled ever since I started the journey 5 years ago. I even went as far as putting together my own tiger group thinking that I could teach people the basics and get them to 'become' interested so I could have peers to discuss finance matters more. But instead, they all put their money into property and lost interest.

Good thing ASF exists though, I have learnt a truck load in my time here and hope I can eventually become a more frequent contributer in the future. Still need to work on my credibility/track record though, otherwise like sptrawler said, if you've got nothing good to say, better to say nothing at all :).
 
Folks
Does any one know whereabouts of Hang Seng , Kennas, Sea Spirite, Grace, Agentm ?
Thanks
 
Miner said:
Folks
Does any one know whereabouts of Hang Seng , Kennas, Sea Spirite, Grace, Agentm ?
Thanks
Click to expand...

Hi Miner, still around mate and still living/working in Indonesia. Just tending to keep to myself more nowadays. Also this thread is my sentiment regarding trading. Algorithm (BOT) trading, clear manipulation allowed by the regulators, servers at the ASX doing millisecond trades, the inability to place a trade in a queue without commsec or whoever placing on the Chi-ex that we cant view. A one sided trading market hell bent against retail traders.

I am still in the market but short term trading is such a waate of time now. Find what I want fundamentally and hold, not as exciting but far more rewarding nowadays.

Basicly had enough of it all and invest where I want longer term and pursue my commercial drone interests more. Mining downturn has bitten hard with a lack of new projects, so plenty of time to pursue mapping and photography.

Hope your doing well Miner and others and good luck to you all.

ps. Thanks for the heads up on Miners post Joe.
 
explod said:
Kennas is fine. We chatted recently and he's busy with other things.
Click to expand...

hangseng said:
Hi Miner, still around mate and still living/working in Indonesia. Just tending to keep to myself more nowadays. Also this thread is my sentiment regarding trading. Algorithm (BOT) trading, clear manipulation allowed by the regulators, servers at the ASX doing millisecond trades, the inability to place a trade in a queue without commsec or whoever placing on the Chi-ex that we cant view. A one sided trading market hell bent against retail traders.

I am still in the market but short term trading is such a waate of time now. Find what I want fundamentally and hold, not as exciting but far more rewarding nowadays.

Basicly had enough of it all and invest where I want longer term and pursue my commercial drone interests more. Mining downturn has bitten hard with a lack of new projects, so plenty of time to pursue mapping and photography.

Hope your doing well Miner and others and good luck to you all.

ps. Thanks for the heads up on Miners post Joe.
Click to expand...
Thanks Joe, Hangseng and Explod to give whereabouts of missing Gems - Hangseng, Kennas.
I am sure we will find Robusta (So Cynical asked), Grace and Agentm shortly.
Hangseng - your drone story is interesting though. How do manage the licensing and GPS technology at Kalimantan or Java ? Recently my employer at Madagascar bought drone but not able to operate due to red tap and lack of license.
 
Am I visiting a different set of threads, or has Sails not posted in here for a while?
 
Macquack said:
Does anybody know what happened to noco?
Click to expand...

Unfortunately he suffered a health issue. Last I heard (from him) was that he was on oxygen permanently and spent little time on the computer these days.

I'm sure our good wishes go out to him and hopes that he can maintain a reasonable life quality.
 
SirRumpole said:
Unfortunately he suffered a health issue. Last I heard (from him) was that he was on oxygen permanently and spent little time on the computer these days.

I'm sure our good wishes go out to him and hopes that he can maintain a reasonable life quality.
Click to expand...


Yes I have had two messages in reponse from the old fella. He spent some time in hospital then on the oxygen at home with a bleak outlook. I am genuinely sad and concerned for him, as I'm sure everyone else here is... my recommendation = say a goodwish prayer even it bypasses the Skylords and comes directly from the heart.
 
Gosh it really saddens me when ASF members are suffering...despite our diferences, its still like a workplace or family....Noco you're in my thoughts.
 
Top