Australian (ASX) Stock Market Forum

Buying the Dip on ASX

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qldfrog said:
Apologies sold off WBC was what I meant to say
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qldfrog said:
just added WHC and NHC,,so they will probably carry on cascading down...
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Of course!!
divs4ever said:
i used to try that , and miss out on some good opportunities

while waiting and watching ( or just miss that target price and a fair size buy )

(as a generic strategy )

would rather have a couple of pigeons in the bag than an emu on the Nullabor
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In these times, reckon if I bought, they would surely keep nose diving.THAT's happened to me. I'm happy to wait.
 
Gretsch said:
Of course!!

In these times, reckon if I bought, they would surely keep nose diving.THAT's happened to me. I'm happy to wait.
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nose-diving yes , but an obvious trend of picking winners ( saving their buddies )

do they risk letting the whole share-market collapse ( ala 1920's )

given compulsory super , things might get messy
 
divs4ever said:
nose-diving yes , but an obvious trend of picking winners ( saving their buddies )

do they risk letting the whole share-market collapse ( ala 1920's )

given compulsory super , things might get messy
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I see CMW divs have gone down the past couple of years and it’s share price has been trending downwards as well. 9.5% divs is pretty good thou. Will it continue?

In my view it’s probably close to it’s bottom, normally I’d buy now but in these uncertain times I prefer to wait and see.

As I said, my recent buys haven’t brought me any joy lately. ☹️
 
Gretsch said:
As I said, my recent buys haven’t brought me any joy lately.
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Same experience here, so have stopped trading temporarily because there'll be a death to my trading account by a thousand cuts in the current environment.

As others have said, keeping some powder dry while very selectively nibbling at long term plays with some capital as prices continue to dip.

Nibbled on some NCM shares as the take-over bid from Newmont is still in play with possible higher bid or better terms as the companies are looking to negotiate as opposed to outright reject...

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I am considering the WLE capital raising, it’s been a decent performer and doesn’t seem to lose value even in uncertain times. anyone got thoughts on this?
 
Gretsch said:
I see CMW divs have gone down the past couple of years and it’s share price has been trending downwards as well. 9.5% divs is pretty good thou. Will it continue?

In my view it’s probably close to it’s bottom, normally I’d buy now but in these uncertain times I prefer to wait and see.

As I said, my recent buys haven’t brought me any joy lately. ☹️
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short term/mid term i see most REITs coming under pressure not just share price , but dividend returns as well

you have rising interest costs ( and most REITs love gearing , many try to keep below 40% ) rising general costs , in many cases falling income ( especially office and retail space )

but where do you go if your desire is investment income over capital gains

especially after the Federal government has floated the concept of taxing unrealized capital gains ( so far in certain super portfolios , but if applied where next ?)
 
Gretsch said:
I am considering the WLE capital raising, it’s been a decent performer and doesn’t seem to lose value even in uncertain times. anyone got thoughts on this?
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my personal opinion only

i have avoided this , because i prefer to cherry-pick my exposure to LARGE ( and small )cap stocks

sure i hold several ETFs and LICS that include most of the same stocks in the WLE portfolio and those ETFS and LICs are held as 'insurance ' ( or hedging if you like )

i hold WAX from the same stable which has performed very well for me by taking excessive risks to justify those fees and performance fees ( in sometimes less liquid shares )

but can WLE justify the fees when dealing with large cap. and relatively sound shares when say , compared to a TOP 20 or TOP 50 ETF specializing in ASX listed companies , sure the WLE 'div. smoothing ' is nice , but is that worth a premium , compared to say picking up some extra WOW or CBA in a sizable dip ?

cheers
 
am far from convinced the 'bank excitement ' is over

i am thinking more like a dead cat bounce

but that doesn't scare me from watching BOQ , MYS and KSL for top up opportunities

remember the name of the game is (potential ) risk v. reward

will keep an eye on BEN ( but so far outside range )

remember the whole OZ financial system can still collapse , but apart from a dozen miners where else do you invest ( most rely on retail activity as landlords , lenders , supply chains etc etc )
 
Missed ANZ @22.5 this morning. As soon as the Buy order placed up it went.
Drifting lower as I type so who knows.

Don't know much about Gold but there is a time Oil will stop dropping. Soon?
 
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