Australian (ASX) Stock Market Forum

Buying the Dip on ASX

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Gretsch said:
Seems to me that buying this dip is more like buying the slide.
Has anyone mentioned to sell the peaks?
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Yea.

Selling the Bump on ASX

As the resident bottom picker there is a time you have to pick the "Bump" to realise your gains. Not so much looking for the top..... That is something at times unattainable. I mean whose to say this is the top but if you don't take a profit now then how can you confidently but again on the...
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Gretsch said:
Seems to me that buying this dip is more like buying the slide.
Has anyone mentioned to sell the peaks?
Click to expand...
my aim is to accumulate ( and try to keep a little spare cash , for extra investment opportunities )

however those who buy without a 'comfortable buffer ' SHOULD consider taking SOME cash off the table ( depending on the likelihood of buying extra or back in at a lower price than what you think is 'fair-value ' )

currently i am up more than 600% on some stocks , and sure i have rescued the original investment capital , but should i sell more ( thoughtlessly ) hoping the stock will drop 80% so i can load up again

now some stocks QBE is my fav to 'channel trade' and sure every couple of few it will drop ( on some worries ) and in a year or two rally enough for it to take some cash off the table

now KevinBB could probably do the same with his IOZ holding ( if he chooses to ) but you have to be careful what you pick to play that game , some just slide and slide ( or rally and rally )

and YES dip then slide further happens to me fairly often , so a buy a small parcel now ( in the dip ) and maybe another small parcel if it slides another 20% ( ish ) lower ( and maybe more if another 20% slide )

but you have to careful which stock you pick ( some are in a one-way trip to disaster )
 
divs4ever said:
my aim is to accumulate ( and try to keep a little spare cash , for extra investment opportunities )

however those who buy without a 'comfortable buffer ' SHOULD consider taking SOME cash off the table ( depending on the likelihood of buying extra or back in at a lower price than what you think is 'fair-value ' )

currently i am up more than 600% on some stocks , and sure i have rescued the original investment capital , but should i sell more ( thoughtlessly ) hoping the stock will drop 80% so i can load up again

now some stocks QBE is my fav to 'channel trade' and sure every couple of few it will drop ( on some worries ) and in a year or two rally enough for it to take some cash off the table

now KevinBB could probably do the same with his IOZ holding ( if he chooses to ) but you have to be careful what you pick to play that game , some just slide and slide ( or rally and rally )

and YES dip then slide further happens to me fairly often , so a buy a small parcel now ( in the dip ) and maybe another small parcel if it slides another 20% ( ish ) lower ( and maybe more if another 20% slide )

but you have to careful which stock you pick ( some are in a one-way trip to disaster )
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Love your work divs.
I like Abe Simpson and you remind me of him.


 
frugal.rock said:
Love your work divs.
I like Abe Simpson and you remind me of him.


Click to expand...

well my secret to few very wrinkles is ...... scars ( LOTS of scars )

so folks can endure long and winding stories OR help make Johnson & Johnson much richer while learning to be your own paramedic ( the ambulance is usually minutes away/sometimes an hour)

since i do not hold shares in J&J but do hold shares in HLS and PFP , i do have a slight bias ( so do NOT give medical advice )

( am still waiting for a buy-in price for IVC as well )

:)
 
frugal.rock said:
I expect a broader market run up of around ~10+% over the next week to 3 weeks. Some things seem like they will peak in a week, others in 3 weeks. Cyclical.
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Today marks the 15th trading day since this "prediction", or in other words, the last day of week 3.
The choppy volatility period we are in, historically/ statistically will be followed by a down cycle, but, could this time be different?
Will need to refresh where my heads at with the market over the weekend, as have been generally busy elsewhere. Get in tune again, and besides, do you sit and watch a yeast dough rise ?

US markets closed strongly; tech and small caps in particular, crypto bouncing back after FTX thing, CPI number lower than expected; what's the weather forecast...when is the wind expected to change direction next?
 
a push for Fetterman to be next US President to replace Biden ( or at least contest the 2024 Presidential race )

and THAT is where the economy is going in the West
 
a shame as I wanted to buy IOZ yesterday and checked Had no more free cash in the account I wanted to use so thought: I have to rearrange this week end.I could have made a buy and a sell for a quick 2%
instead I sold half of 2 volatility plays with big losses (1000s) after a miserly 150$ gain over the week.
Thanksfully other systems and discretionary flying with the tide
Yet inflation is not dead..yet? or ever?
 
remember inflation is anytime prices rise ( actually when they print extra money , ) so even a CPI rise of 0.0001% is still inflation , besides you should be expecting tax claw-backs in one fashion or another , to amplify the pain , to atone for all the good-times we have had in the last two and a half years ( remember them ?? )

so far discounted in the inflation narrative is the weak local currency ( even against NZ )
 
This portfolio has been relatively unattended and basically sitting.
A few rotations in this month shown, but buy and sells could be counted on one hand, perhaps just onto two. Nice to see it rising out of the index mud like a lotus, just not as vertical.
Nearly half (7.6%) of the 16% rise over the month shown has come in the last week.

Will peruse more data over the weekend in attempt to get a finger on the pulse.
Hopefully everyone is getting a lift here or there?

Screenshot_20221112-132857.png
 
frugal.rock said:
This portfolio has been relatively unattended and basically sitting.
A few rotations in this month shown, but buy and sells could be counted on one hand, perhaps just onto two. Nice to see it rising out of the index mud like a lotus, just not as vertical.
Nearly half (7.6%) of the 16% rise over the month shown has come in the last week.

Will peruse more data over the weekend in attempt to get a finger on the pulse.
Hopefully everyone is getting a lift here or there?

View attachment 149133
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i was kind of hoping for a dip , i am not giving up yet ( rising shares prices when in the DRP isn't my friend either )

cheers
 
my strategy early on was to push accumulation of shares

now that i have retired i am choosing partial participation in the DRP or cash on new shares more often ( sometimes the DRP deal is just compelling )

the problem with cash at this time is , where do you park it sensibly ?? ( sometimes you can , sometimes not )
 
rcw1 said:
Hello Fugal Rock,
Have placed MCR on rcw1 watchlist. Thanks for that, will delve deeper.
Note the company made the S&P/ASX 300 Index prior to open 19 September 2022.

Have a very nice evening.

Kind regards
rcw1
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Good evening Fugal Rock

Watched MCR patiently for six weeks or so.
Will try an execute a fast trade tomorrow if all the ducks line up, however, have it on the rcw1 'numbers' list.

rcw1 notes the announcements yesterday (29/11/22), so perfect timings for mine:
  • the successful firing and extraction of the first production stope at the Company’s 100%-owned Cassini Nickel Mine in Western Australia; and
  • Company presentation with some good articulation about the company.
According to the Australian Government Department of Industry, Science and Resources, Office of the Chief Economist,
Nickel exports reached $4.4 billion in 2021–22. Export earnings are forecast to rise to $5.1 billion in 2022–23, moreover, Australia’s Nickel export volumes are estimated to rise from 157,000 tonnes in 2021–22 to 202,000 tonnes in 2023–24, supported by the need for Australian nickel for the transition to low-emissions technologies.


Quarterly ended 30 September 2022:

Total Financing Facility: $30 485 000
Cash and cash equivalents at end of quarter: $54 827 000
Estimated quarters of funding available: 13

Thanks again for your posts on MCR and have a very nice evening.

Kind regards
rcw1




Thanks for
 

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Well, it seems as if the market is whipping itself into a bit of a frenzy.
As I write, it's risk on. I guess it depends on what Powell says later on.

Noticed the likelihood of a 0.75 bps has increased a little.
Felt I would drop this here to see what sentiment says after the drivel speech.
Gold, silver, copper, oil, zinc, all up.

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