Great day to deploy capital :-)

[Knobby22]

Just bought some more NAB. No more money to deploy!

Bought some MOC shares today for $1.22 that I had sold at $2.00 some time ago.
After seeing the major shareholder buying recently and liking the CEOs report I thought I might see if I can get them cheap. I set the price really low a couple of days ago and it tripped.

 

[aus_trader]

Just bought some more NAB. No more money to deploy!

As Knobby22 said, pretty brave. I've been selling down stocks in my portfolios today and still moving orders around to get filled with the sells...

 

[So_Cynical]

Could be a few more great days to come - ill wait.

 

[tinhat]

Who's buying today? I've had some conditional orders triggered and orders in the market filled so far today in NAN, NEA and IGO. whoo-hoo.

 

[sptrawler]

Who's buying today? I've had some conditional orders triggered and orders in the market filled so far today in NAN, NEA and IGO. whoo-hoo.

Definitely some good buying, but IMO be selective, I can't see Trump putting his tail between his legs and folding.
So this could easily escalate, or at best take a few days to settle, but definitely opportunity presents.
Just my opinion.

 

[tinhat]

The beginning of the week was a great time to deploy capital. Here's how it panned out for me (paper return on stocks bought at the beginning of the week):

AB1, flat.
BSL, 1.8%
IGO, 14.4%
NAN, 9.6% *
NEA, 9.8%
VMT, 8.7%

These are paper profits which the market may take away at any time.

* Except for NAN, which I sold down a bit today because I had over-allocated capital into it because I averaged down earlier in the week as it kept dropping and hitting my staggered buy orders.

NAN and NEA are high conviction stocks which I hope to hold long term and which have a higher capital allocation.

PS. Some of these positions may have been opened up at the end of last week, but added to this week.

 

[So_Cynical]

Time to bring this classic thread back to life.

I bought a few today, everything is cheaper than it was this time last week, my brokerage account cash balance is $23

 

[basilio]

Time to bring this classic thread back to life.

I bought a few today, everything is cheaper than it was this time last week, my brokerage account cash balance is $23

Courageous decision...

Indeed they are cheaper. How much more damage we might see as the corona virus unwinds is the" big question" isn't it ?

 

[Smurf1976]

my brokerage account cash balance is $23

Should have bought a few more shares then.

Well, assuming you're buying something worth less than $23 per share.

 

[So_Cynical]

Courageous decision...

Indeed they are cheaper. How much more damage we might see as the corona virus unwinds is the" big question" isn't it ?

It's always the question - how much lower, wheres the bottom.

I dont think its that courageous, i buy what looks cheap and or outstanding, always have done.

 

[ducati916]

You would need to consider the valuation of the sector that you were buying. A previously overvalued sector may not have corrected enough, while an already undervalued sector could be close(r) to a bottom.

In the US, if a recession eventuates (currently 40% estimate) then a profit contraction of 25% could see a PE contraction of 5. That would equate to another 750pts off of the S&P500.

If you traded the 2000/2003, there were several false bounces. In 2008/2009, there were a couple.

Generally speaking, markets (stock) recover when the solution to the problem (panic) is found, or thought to be found. As has been pointed out on other threads, this is a medical issue, not a financial issue, although, that could change as the medical issue creates and morphs into a financial one.

Bounces are often caused by short covering (profit taking). For the last few years also, we have been conditioned to 'buy the dip'. That may not (if a recession is created by this) be the correct response at this time.

jog on
duc

 

[So_Cynical]

Generally speaking, markets (stock) recover when the solution to the problem (panic) is found, or thought to be found. As has been pointed out on other threads, this is a medical issue, not a financial issue, although, that could change as the medical issue creates and morphs into a financial one.

Its a financial problem caused by a medical problem, meanwhile Goldman have updated their global economic growth forecast and reckon that we are in for 2 quarters of negative global growth - a global recession. And of course we can expect the reserve banks of the world to throw money at the problem, interest rates at zero and cash splashes of all sorts, the world is not ending.

 

[moXJO]

Its a financial problem caused by a medical problem, meanwhile Goldman have updated their global economic growth forecast and reckon that we are in for 2 quarters of negative global growth - a global recession. And of course we can expect the reserve banks of the world to throw money at the problem, interest rates at zero and cash splashes of all sorts, the world is not ending.

This is my thinking.
Stimulus and money falling from the sky.

 

[basilio]

This is my thinking.
Stimulus and money falling from the sky.

I keep wondering about who is throwing what money to whom ?
It seems as if Central banks are going to splash huge sums to banks/financial institutions which end up being used to keep the banks solvent and stocks markets fed by more speculation. Whose interests are served here ?
Meanwhile workers go broke, small business falls over.

If one was trying to keep people and businesses and banks solvent why not simply deposit funds into peoples accounts who were being laid off ? They go on paying their rent, their loans and buying stuff like before.

Governments have generally called this unemployment benefits but frankly that won't work in 2020. Benefits are too low and won't be sufficient to keep a new swarm of people from going bankrupt and causing big ripple effects.

This may sound crazy but it would be interesting to see what type of helicopter money is being considered and where it is going. But I'm not holding my breath on a more direct approach.

 

[So_Cynical]

I bought a few today, everything is cheaper than it was this time last week, my brokerage account cash balance is $23

Well everything i bought has gone up so for the time being at least it was a great day to deploy capital.

 

[qldfrog]

Well everything i bought has gone up so for the time being at least it was a great day to deploy capital.

Until today unless you invested in the TPI.. toilet paper index

 

[tinhat]

Well everything i bought has gone up so for the time being at least it was a great day to deploy capital.

Let's see how smarmy you are in a few weeks time.

 

[peter2]

The day after a 165pt (-2.1%) down day in the XAO.

The thread title says it all if you've some cash and you think it's a buy the dip market.
I've bought some CCP, WES, IVC as staples. Splashed a little more in ABR, EML, ARU, ESR, IMD, SES.
There were lots of cheaper prices but I couldn't grab them all. eg DDR at 12.50 (bargain).

If the US market rallies a bit today/tonight I'll resume buying my 1st BBs. There should be lots of pull-back opps.

 

[aus_trader]

The day after a 165pt (-2.1%) down day in the XAO.

The thread title says it all if you've some cash and you think it's a buy the dip market.
I've bought some CCP, WES, IVC as staples. Splashed a little more in ABR, EML, ARU, ESR, IMD, SES.
There were lots of cheaper prices but I couldn't grab them all. eg DDR at 12.50 (bargain).

If the US market rallies a bit today/tonight I'll resume buying my 1st BBs. There should be lots of pull-back opps.

So is CCP, WES and IVC with a longer term view when you say staples ?

I think the rest are trades from what I've been following in portfolio threads.

 

[peter2]

Yes, these and a few others I have in mind are part of a large cap allocation. All I expect to earn from them is ~10% pa. If the market dips lower (and it might as Sept is not done yet) I'll add to these positions.

The others are trades I'm currently in and I see no reason to sell them. So I'll buy more at today's lower prices.

The market is down because it's Sept and it seasonally weak, it's a self fulfilling aim this time each year, delta virus concerns on the economy, iron ore down from record prices, good time of year for a pull-back in the rallying commodity prices, etc select any other reason. Oh there's Evergrande, that will be a local problem and the overseas bond holders will get nothing.