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Good short opportunities on the ASX?

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WinnieBlues

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Am thinking the market (particularly the djia) is defying gravity....what do my asf friends believe are good shorting opportunities???

mine: mqg (at around 56), boq, flt, cnp, mof

simple reason still think banks and listed property, particularly with US exposure, is toast in the next few weeks/months...and they have all risen like buggery from their march lows
 
WinnieBlues said:
Am thinking the market (particularly the djia) is defying gravity....what do my asf friends believe are good shorting opportunities???

mine: mqg (at around 56), boq, flt, cnp, mof

simple reason still think banks and listed property, particularly with US exposure, is toast in the next few weeks/months...and they have all risen like buggery from their march lows
Click to expand...

Go with the flow mate, the break down was a false brk and now we're going back up (also squeezing the shorts).

The have fallen more buggery since their prev highs too.
 
Shorting ideas on the asx

Anyone with any shorting targets on the asx...

mine are FLT - risen too fast, higher oil prices/economic stagnation
MQG - risen too fast, beholden to djia
BOQ - beholden to aust property prices and funding
MOF - believe commercial real est has a lot more to fall

ideas???
 
Mr Market does seem pricey at the moment.

MQG is an interesting call - I definitely wouldn't be buying for gains now but then again the market has looked over bought to me for at least 2 months but it keeps on going.

Whats everyone think of BSL? .
 
I think it's a tricky one. Although the market may be overbought, optimisam is a funny thing and people could just keep pouring money in.

For mine, i think that the property market may come off the boil soon with rising interest rates, rising unemployment and no more first home owners grant.

I think that Mirvac Group MRV is overbought and could have a weakening in the SP in the short to medium term. But then again, who knows?

Bloomy
 
bloomy88 said:
I think it's a tricky one. Although the market may be overbought, optimisam is a funny thing and people could just keep pouring money in.

For mine, i think that the property market may come off the boil soon with rising interest rates, rising unemployment and no more first home owners grant.

I think that Mirvac Group MRV is overbought and could have a weakening in the SP in the short to medium term. But then again, who knows?

Bloomy
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What's MRV? Mirvac Group MGR or Mirvac Real Estate MRZ?

Incidentally MRZ is under takeover offer from MGR... so probably wouldn't go shorting it if I were you.
 
eeeeek. Be careful perceptions can get you in the end.

I remember looking at the USD/AUD at 80 cents, alot of people were thinking, god thats moved to fast to quickly. There were all sorts of calls for shorts. 94cents anyone?
I had one mate who opened 10 standard contracts short just below 80 cents based on this perception, i told him not to do it.

He had a $10,000 account, he moved his stop again and again blew the whole account. He no longer trades.
 
skc said:
What's MRV? Mirvac Group MGR or Mirvac Real Estate MRZ?

Incidentally MRZ is under takeover offer from MGR... so probably wouldn't go shorting it if I were you.
Click to expand...

Sorry, wasn't looking properly. I meant MRV
Cheers
 
lukeaye said:
eeeeek. Be careful perceptions can get you in the end.

I remember looking at the USD/AUD at 80 cents, alot of people were thinking, god thats moved to fast to quickly. There were all sorts of calls for shorts. 94cents anyone?
I had one mate who opened 10 standard contracts short just below 80 cents based on this perception, i told him not to do it.

He had a $10,000 account, he moved his stop again and again blew the whole account. He no longer trades.
Click to expand...

what is the point of having a stop if you keep moving it? :eek:
 
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