Australian (ASX) Stock Market Forum

Buy with open arms?

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yonnie said:
everybody should have bought with open arms last year.

obviously the people with lots of cash dont know what they`re doing and wait and wait until there`s no cloud to be seen at all.
ASX200 should be around 7000 by then.:)
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Hi yonnie, No one likes a clever dick:( Anyway, no one can ever accuse me of that;)
Anyway, yesterday I did not believe this Greece dampener story as its been around for a long time. Germany, France and the IMF will have to chuck billions of Euros into the Greek urn, and more-sum. Portugal and Spain will need a chunk as well and no doubt a few more will join the queue. We all know that as the PIIGS problem was flagged up 9 times.
I bought with open arms on Wednesday, you've gotta believe me, and was surprised that 9 of my low bids were taken up. WOW at $26 and UXA at 5c were not. Who cares you might say, well I do for one, as I believe it's 'buy with open arms' - now 28% invested, 62% in cash.

In the end remember, all stocks are risky and some are very high risk. Lower risk by keeping lots of cash, or risk a disaster.
 
So the Greek/Euro debt stories that keep hitting the papers are a good opportunity for the 'smart' money to buy when everyone who hasn't seen a 2% decline for a while poo there pants?

Or are the high closes after bad news the opportunity for the smart money to suck everyone in before it continues south?
 
razza,

for you to make the choice.......what will it be?

remember that the last high of the ASX200 will definitely be taken out, although I dont know when.
 
if I still had a lot of cash to invest if it were me I would only buy after a significant retrace say to around 4500.

at that time I would buy the shares on my list which dropped the most in value without any apparent reason.

from then on I would buy more @ 4300, again the shares on my wanted list which dropped most in value

then more @ 4150 and the last @ 4000

we all like a bargain: never buy at full value; always at a discount.

just an idea for the buy and hold brigade:)

sorry noirua if I sounded rude.
 
noirua said:
No doubt we're all-in as far as buying with open arms is concerned??? I've still to finalize a few more purchases next week though the Footsie and Dow 30 continue their bullish tone.
Always limit stock purchases to 30% when buying speculative stocks???

Onwards and upwards is the cry, from somewhere, not sure where???
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And how has this been going for you ?
 
So was i the only person here buying today :dunno: doesn't anyone else see value and bargains galore...ROE surely you brought something today?




Anyone?...its like someone died around here! :rolleyes:
 
So_Cynical said:
So was i the only person here buying today :dunno: doesn't anyone else see value and bargains galore...ROE surely you brought something today?




Anyone?...its like someone died around here! :rolleyes:
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OK, I'll bite - I didn't buy anything today, but got some OZL and IFN yesterday - was prepared (and actually placed an order for IFN) to grab some more OZL or IFN today, but they ended up NOT falling to my next buy level.
 
roland said:
OK, I'll bite - I didn't buy anything today, but got some OZL and IFN yesterday - was prepared (and actually placed an order for IFN) to grab some more OZL or IFN today, but they ended up NOT falling to my next buy level.
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Ok OZL i can understand ...IFN :eek: what the hell are/were you thinking?


By the way anyone know where the cricket will be streamed tonight?
 
nunthewiser said:
And how has this been going for you ?
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Good point. It has left an opportunity to bid very low prices for some stocks and as I've noticed a few others mention, 'I'm very surprised that low bid went through'. Some will dump at any price.

Quite often now I leave a low bid, such as: highest bid 88c lowest offer 90c. I bid 75c soon after the market opens and wait. If nothing happens after 3 hours it could be sleeper offers ie put in offer and went to bed. Mostly though, if it sits there for a few days then an impatient person puts in a low offer and bingo.

I have broken my 70% rule a bit as too many bids were accepted on Wednesday and Thursday. All great fun if it takes you that way like me.

Plenty of losses which were partly offset by Rockhopper Exp oil strike in the Falklands - that was luck as I was depressed about the stock the day before - great fun.
 
I've finished buying with open arms and remain bullish about stocks going forward. Have broken my personal rule on cash and now down to 45%. Included some US stocks and a few UK stocks and the rest firmly in Australia - ASX 200 looks cheap, imho, and the lower AUD will help most.

My confidence boils over for the future of Aussie markets. Fly the :aus::aus::aus::aus::aus: yes, lots.
 
Hi noirua,
yes it looks and feels much better today. I've been looking at UK and US market indices, they are indeed set up technically for a good showing from here. If the mod's put it on me I'm happy to post.

Fingers crossed no more announcements out of Europe to blindside us. A World Cup rally would be nice, based on the hubris and enthusiasm from this international celebration of football.

If we are to have a rally, there are a swag of attractive stocks at prices well off recent highs.
 
If the employment figures out of the US tonight are not at least 500K, then it is going to get ugly....

Having that, i think they will beat that easily, here's hoping....
 
greebly24 said:
If the China bubble pops, the world's stock markets will drop[/I]
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Don't forget that the Chinese gov controls ALL levers.
How can speculators take on a giant with massive $ reserves and not get hurt?
It will be suicidal for them
 
is this the right time to buy or should we wait for the next dip?

A small band of hedge funds is now building up a series of sizeable bets on Britain defaulting.
In the past few weeks, they have placed more than $3 billion worth of bets on that precise outcome in the credit default swap market.
History – three centuries without default – suggests that they will be proved wrong.
But these are unprecedented times.
Had Britain joined the euro, it would certainly have shared Greece's fate, and would have been too big to be bailed out.
Avoiding euro membership, however, will not guarantee that Britain avoids default. We cannot afford to be smug for ever.
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more here
http://www.telegraph.co.uk/finance/...e-gamblers-betting-on-Britain-going-bust.html
 
I don't think Britain will default as their borrowing are long term, interest rates are low, and they can borrow in their own markets. There is also the Olympic Games coming up in 2012 that will help them ride the waves, Britannia and all that.

There's really only Spain to come in the West of Europe with problems and the others are in the East of Europe. There lies a mountain of problems but overall Asia represents more than half of the World these days. So it's more like a large annoying carbuncle that has to go its term before being cut out - of sorts anyway, hope you get my drift.

Australia has a weakening currency and that's great and timely, as commodity prices, except soft commodities - most anyway, drift in price.
 
An annoying thread for many as the ASX200 looks cheap but continues down - the trends not our friend at the moment as foreigners withdraw from the Aussie to the seemingly safe bet of the greenback.
Look around and do your homework on those stocks that gain from currency moves, take great care, but gobble up the cheapies - there are loads around. Not all Aussie stocks of course as the world is your oyster not your lobster.
 
More cheery now as those of us who bought with open arms see plus signs appearing all over now. Hopefully the Aussie will stay around present levels as it was, imho, over bought due to Chinese and other Asian countries pouring in the dough.
The Aussie market, appears to me, is one of the best in the world and inline with Canada.
 
noirua said:
7th-June-2010 An annoying thread for many as the ASX200 looks cheap but continues down - the trends not our friend at the moment as foreigners withdraw from the Aussie to the seemingly safe bet of etc
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noirua said:
More cheery now as those of us who bought with open arms see plus signs appearing all over now. Hopefully the Aussie will stay around present levels as it was, imho, over bought due to Chinese and other Asian countries pouring in the dough.
The Aussie market, appears to me, is one of the best in the world and inline with Canada.
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So what changed in the 4 days between those posts? i mean really changed?

Nothing
 
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