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Investor said:Highest interest rate in the world.
And not living in as much debt as we are.
Daily Market Predictions
- Thread starter el_ninj0
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And not living in as much debt as we are.
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![t[1].png](https://aussiestockforums.b-cdn.net/data/attachments/0/586-5d6d907d0a0c75aa907196aae5cd02f5.jpg)
It seems to me that some of the stash of cash (around $35 billion) that the fund managers have been sitting on, has just started to be placed in the ASX within the last half hour.
Some support has emerged.
I bought $100,000 in oversold shares (my own calculations - could be wrong) this morning, before the fund managers made their move.
Question now is whether the foreign investors continue to exit??????
Some support has emerged.
I bought $100,000 in oversold shares (my own calculations - could be wrong) this morning, before the fund managers made their move.
Question now is whether the foreign investors continue to exit??????
Porper
Ralph Nelson Elliott
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Investor said:
You are lucky Investor,
I thought there would be a big bounce today, so put in a buy order (using half my overall funds) for NOG in the NZX.They held up ok but the market over here crashed 1.5%, as to why, when everything else around seems to have settled down a bit and showing signs of rallying I have no idea.
Let's all hope for another rally on Wall St. overnight.
I am basically using the same logic as yourself, ie.buy the "oversold" stocks when the market seems to be on a up.I am however trading extremely short term, don't trust this market at all.Profit definately to be made though.
Porper
Ralph Nelson Elliott
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I was way off topic in my last post so will make up for it now.
I predict for tomorrow ................................. uncertainty :dunno:
I predict for tomorrow ................................. uncertainty :dunno:
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el_ninj0 said:
LOL, everything the U.S. do, we follow.
1) OZ market is following the U.S.
2) OZ T.V. is full of U.S. programs
3) OZ went to war
4) OZ P.M kisses **** of Bush
5) OZ lingo has changed "like you know, like this is so neat, like wow"
etc etc etc. I am sure you can add to this list?
The market started OK this morning but along came a list of trading halts pending announcements; viz:
1. Big Kev's (no surprise this).
2. Knights Insolvency Administration (can it be??? - an Insolvency Administrator potentially going into administration??? - stay tuned - is this worse than the plumber who has a leaking tap at home???).
3. Independent Practitioner Network (I know nothing - like Manuel from Barcelona).
4. Didasko (lender demands repayment). Small cap.
5. Sunland Group.
6. City Pacific.
I do not hold any of these.
Is this some kind of record? Six halts in one morning. Hope there is no more for today.
1. Big Kev's (no surprise this).
2. Knights Insolvency Administration (can it be??? - an Insolvency Administrator potentially going into administration??? - stay tuned - is this worse than the plumber who has a leaking tap at home???).
3. Independent Practitioner Network (I know nothing - like Manuel from Barcelona).
4. Didasko (lender demands repayment). Small cap.
5. Sunland Group.
6. City Pacific.
I do not hold any of these.
Is this some kind of record? Six halts in one morning. Hope there is no more for today.
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Ha!
All Ords now soars like a Wedgetail Eagle - up nearly 18 points after 20 point turnaround since mid-morning malaise. Hopefully no poachers roaming nearby.. ;o)
"What's with the negative vibes, Moriarty!"
Have a happy arvo all,
AJ
All Ords now soars like a Wedgetail Eagle - up nearly 18 points after 20 point turnaround since mid-morning malaise. Hopefully no poachers roaming nearby.. ;o)
"What's with the negative vibes, Moriarty!"
Have a happy arvo all,
AJ
After reraeding what happened in USA...it may not happen...just thought alout sorry about that....one gets jumpy...I am holding as I can wait...usually the Aussie market in June will be all over the place...should see better times after JUNE....what does any one think...???
Investor said:Well, it turned out to be a reasonable day in the market today.
Have a good weekend everyone.
Anything interesting happend over the weekend so far worth note?, Financially I mean. I only see that the US have stayed fairly even, and that we should expect higher gains over the coming weeks due to stability in the US market. Interesting information about Murdochs stake in Newscorp aswell...
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el_ninj0 said:
Personally, I think the American markets going to nose dive again pretty soon. Maybe in the next week or two. I would only use short term plays until then.
Just my opinion
I think there will be repercussions from the GM and Ford positions. If it gets ugly (i.e. both filing for Chapter 11), it might be the major dislocation that Warren Buffett has been expecting.
Buffett is sitting on USD 43 billion cash holdings. I have read enough about him (from six books) to know never bet against him. His shareholders do not question him for sitting on so much cash (at 3% interest) for so long, because they have confidence in him. They trust his judgement that the US stock market is due for a fall.
If that happens, the whole world will "catch the cold". GM and Ford bonds are around USD 450 billion. If (big if) the shares become worthless and a chunk of the bonds lose money, this is serious money. All the bonds in the world (including government bonds) total USD 30 trillion. Then, there are the job losses. Think about the impact on consumer confidence.
I might outline the extent of the problems in the global car industry in a separate thread, perhaps next week. The collapse of MG Rover was merely the start. There are tens of thousands of new MG Rover cars that have yet to be sold and the question remains as to what will happen to them.
Picture that scenario and multiply by 100 or 1,000 times (merely an estimate).
Buffett is sitting on USD 43 billion cash holdings. I have read enough about him (from six books) to know never bet against him. His shareholders do not question him for sitting on so much cash (at 3% interest) for so long, because they have confidence in him. They trust his judgement that the US stock market is due for a fall.
If that happens, the whole world will "catch the cold". GM and Ford bonds are around USD 450 billion. If (big if) the shares become worthless and a chunk of the bonds lose money, this is serious money. All the bonds in the world (including government bonds) total USD 30 trillion. Then, there are the job losses. Think about the impact on consumer confidence.
I might outline the extent of the problems in the global car industry in a separate thread, perhaps next week. The collapse of MG Rover was merely the start. There are tens of thousands of new MG Rover cars that have yet to be sold and the question remains as to what will happen to them.
Picture that scenario and multiply by 100 or 1,000 times (merely an estimate).
Investor said:
100?, More like 1000 or 10000. Can someone try and find some statistics on what percentage of the worlds cars are made by Ford and GM?, would be really useful in figuring out what possible reprecussions would be if they were to collapse.
Where did you get that information on Buffet from Invester?, Any useful links around that I might be able to do some reading on to find out a bit more information on Buffet and other leading players?
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