Australian (ASX) Stock Market Forum

*Good News Only Thread - Stocks & Shares*

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The good news is that the government has decided to follow the UK and USA and crakckdown on short-selling. As a worried shareholder I have watched for weeks now as the Suncorp short-sellers have nearly driven it into the ground.
 
Calliope said:
The good news is that the government has decided to follow the UK and USA and crakckdown on short-selling. As a worried shareholder I have watched for weeks now as the Suncorp short-sellers have nearly driven it into the ground.
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These people can crash even the best companies. Sometimes they short on more shares than there are available to trade. Good news is that many fail to cover and if stock is not there then they're bankrupt.

Individual small guys are no real problem in this market. The problem is with groups of people who act together on emails sent out. Crashing a stock makes the companies lenders panick and if loans are called in the shorters have triumphed.
 
A new dawn and a new era as the shorter takes the blame for all the world financial problems.
Someone has to and that is that basically.
 
Now all you guys, don't thou thee worry at all. All of Pres George Bush's ideas on this new package will be passed. The Democrats will claim victory, fair enough, and as long as they vote and sign, who cares.:aus:
 
HOW LUCKY IS THAT! The Dow finished down 777.7, four lucky sevens in a row at the close, NEVER HAPPENED BEFORE.

Spread your wings over the sectors as there has never been such opportunities since 1987/88 and 1975/76 before that Pick carefully, time for the lucky ones to make a fortune.
 
noirua said:
HOW LUCKY IS THAT! The Dow finished down 777.7, four lucky sevens in a row at the close, NEVER HAPPENED BEFORE.

Spread your wings over the sectors as there has never been such opportunities since 1987/88 and 1975/76 before that Pick carefully, time for the lucky ones to make a fortune.
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Don't get in a tizzy over the market action. At the start of 1976 the world was coming to an end.
I've been buying all day yesterday, chances like this don't come often, imho.
 
I haven't looked at the stock prices yet, just the Aussie. What do I see? Well, an exchange rate of AU$1.40 to the greenback. What a great dose of medicine to the mining exporters, as it's all about the number of AUSSIE dollars you get per tonne or, of course, the troy ounce as far as gold is concerned.

Look for the blue lining and you'll find it. Keep calm my friend, keep calm - good luck.
 
Noirua...dont you think the lower aussie dollar has something to do with decreasing demand...hence that yes mining exports will be cheaper..but there will be less with a slowing economy...
 
JTLP said:
Noirua...dont you think the lower aussie dollar has something to do with decreasing demand...hence that yes mining exports will be cheaper..but there will be less with a slowing economy...
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Hi JTLP, the sell down of the Aussie Dollar, at the pace it has been, is more likely to be foreigners exiting resource stocks and repatriating funds. I always thought interest rates should have been lower, despite inflation pressure, and this would have stopped the sudden and prolonged strength of the Aussie.

Mining export prices will be kept high in Aussie Dollar terms and that should help most mining producers. Eventually, imho, this fact should hit home and mining PRODUCERS may well recover about half of their losses.
 
You look around the Aussie market and look carefully at bombed out stocks. Time now to do your homework, burn the midnight hours, opportunities amongst the carnage. Avoiding everything financial, leave that for Governments.
 
The exchange rate against the greenback is now AU$1.468 to US$1. Take note that this buffer will help mining producers and particularly coal PRODUCERS.
Despite the sudden withdrawal of cash from Australia as people take their money off the table, this country looks to be able to come out of this far better than most.
 
Seems like a lot of good news washing around. Interest rates going down, oil is going down in price. Miners will gain from oil costs decreasing and the tanking Aussie$.
The Dow Jones finished just 122 down after 700 and the Nasdaq up 4.
Looking good for Monday, may open early, who knows. Lazy lot at the ASX, should open at 8am.
 
I'm getting thoroughly aggrieved by all the negative sentiment by so many, may their carrots grow twisted and pumpkins stay weedy small.

Anyway, the DOW 30 is recovering from being down earlier and the FTSE 100 is up 5%. Inter-bank rates are well down.

Smile and be happy as all is well and any problems will come out in the wash. Be patient, be strong of mind and do not panic.:aus:
 
Hello noirua, nice to see someone with some positive posts. Here is my pic for the day and I fully agree with it. :D

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Yes indeed Bill M, Buy Australia. Commodity stocks, principally invested in Australia, are set to perform far better than expected due to the tanking Aussie. Foreign dumpers of stock have thrown up remarkably cheap shares, IMHO.
 
As interest rates fall, interest rate returns on shares look more attractive. How to buy, well, drip feed or dollar cost average.
 
After the news about the China stimulus package and interest rate reductions, throughout the world, times look set to improve Australia wise. Time to look closely at the bombed out mining sector, if you haven't already.
 
With interest rates and inflation set to fall sharply there will be comparisons with interest rates versus the returns on shares. Don't miss the turn!
 
The Aussie continues to tank at US$0.637 (AU$1.569 reverse) to the US$1. Will be good news for the ailing mining sector at US$0.588 (AU$1.70), should come soon.
 
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