Correction best buys

[megla]

Well, I'm excited and cashed up. But with so many variables about to occur, what stocks are going to be hit the hardest, that will rebound the best?

 

[macca]

IMO, Generally, the ones paying dividends tend to drop less and bounce first.

 

[Halba]

ZFX < $16 for the divvy?

zinc stockpiles goin down

 

[rico01]

Guys today is the day to buy puts for the inevitable slide in the market for the next few days/weeks?
Cheers all

 

[Realist]

Is a 2 to 5% drop in price enough to inspire you to rush out and buy anything?


Imagine 3% off cars, today only get in quick...

I wouldn't unless I was just about to buy a new car anyway..

 

[spitrader1]

Is a 2 to 5% drop in price enough to inspire you to rush out and buy anything?


Imagine 3% off cars, today only get in quick...

I wouldn't unless I was just about to buy a new car anyway..

<25.00 BHP

 

[Halba]

lol what has changed? i saw metals stockpiles goin down, stil the same cheapp resources!

china stockmarket up 12% 3 days before the correction, then down 9% in one day get a grip fellas!

 

[megla]

Ah yes, but buying a car with 3% off that will gain in value by maybe 10% in 12 months and give you some pocket change along the way... that would be a good buy

 

[Realist]

Ah yes, but buying a car with 3% off that will gain in value by maybe 10% in 12 months and give you some pocket change along the way... that would be a good buy

It's still only 3% off.

I wouldn't be jumping in to buy if I was not intending to buy in the first place.

The 'car' may go down 10% this year.

 

[Sean K]

china stockmarket up 12% 3 days before the correction, then down 9% in one day get a grip fellas!

That does put it in some perspective. Thanks. Market psychology says that we will all think the sky is falling though. There's money still to be made here.

 

[Halba]

yep for pete's sake everyone just calm down. chinese mkt was overvalued. interestingly all overseas mkts affected by chinese mkt. it is up 100% yep double since october 2006. Good the chinese govt intervened to cool off this mkt!

Bear in mind this has nothing to do with their demand for metals etc. Its business as usual.

 

[spitrader1]

That does put it in some perspective. Thanks. Market psychology says that we will all think the sky is falling though. There's money still to be made here.

today is going to be loopy. play the benny hill theme all day long.

 

[Sean K]

today is going to be loopy. play the benny hill theme all day long.

Classic. I often sing it to myself at my Army unit. The Army Reserves is just one big Benny Hill show...

Best buys after a correction perhaps:

Consumer staples
Banks
Alcohol and Tobacco (the unethical kennas)
Utilities
Healthcare
Insurance

Or, put your money under the mattress.

 

[djones]

The NZ Market was down 3% on open.

 

[Sean K]

The NZ Market was down 3% on open.

We have to expect the same don't we.

I hope ASF punters have been going conservative lately..

 

[djones]

We have to expect the same don't we.

I hope ASF punters have been going conservative lately..

Hardest hit sectors: (remember NZ doesnt have much miners)

http://www.directbroking.co.nz/directtrade/dynamic/indices.aspx?e=NZSE

 

[megla]

Forestry Lesuire and Tourism??? Go figure!

 

[CanOz]

Bear in mind this has nothing to do with their demand for metals etc. Its business as usual.

Tell that to the sellers in the gold market!

 

[Halba]

I'm screwed as are a few others i'm sure.

 

[chops_a_must]

I've done better than I expected here. But then again, I don't have any U stocks, and only one resource stock, mind you.

I managed to sell a few things at a big profit still, and right now I'm looking at gas and oilers. These prices haven't tanked so the stocks are at a massive discount to the market price of the commodities.

Edit: and also looking at biotechs at a massive discount. No demand from China for these...