Greynomad99 Weekly ASX review

[divs4ever]

Anyone buying the dip in this market has bigger underwear and/or intestinal fortitude than I possess! But good luck to them anyway.

nibbling and cherry-picking yep i did a bit of that

was it too early , i guess time will tell

but looks like more uncertain times ahead

cheers

and good luck to everyone trying to make the right decisions ( for THEM ) in this market

 

[qldfrog]

I have to say i am more worried by the structural issues of the economy:inflation,fiat turning to sxxt, default from US and general economic collapse of the west than by the noises like Covid and Ukraine.
Seems like diversions to feed to the masses one after the other, but in 10y,what will remain? and what should be the good investments today..gathering more BTD to end up maybe with cash worthless or inaccessible,or seized by the next ALP gov...,some PM burried in the garden?, shares in China, Russia or US?
Land?beach houses?
Or build garden beds a chook pen and get guns and ammo.
I think from time to time it is worthwhile to step back and try to look at the big picture.we can not change most of the key macro economic political factors, Reset is here but we ... sometime..can somewhat influence our own life.while i follow obviously theday to day, week by week dramas.. let's not forget the big picture ?

 

[Rabbithop]

I have to say i am more worried by the structural issues of the economy:inflation,fiat turning to sxxt, default from US and general economic collapse of the west than by the noises like Covid and Ukraine.
Seems like diversions to feed to the masses one after the other, but in 10y,what will remain? and what should be the good investments today..gathering more BTD to end up maybe with cash worthless or inaccessible,or seized by the next ALP gov...,some PM burried in the garden?, shares in China, Russia or US?
Land?beach houses?
Or build garden beds a chook pen and get guns and ammo.
I think from time to time it is worthwhile to step back and try to look at the big picture.we can not change most of the key macro economic political factors, Reset is here but we ... sometime..can somewhat influence our own life.while i follow obviously theday to day, week by week dramas.. let's not forget the big picture ?

Got to laugh?after reading your post.
World economy gets a good hammering from Covid, Floods, Fire n War, a natural way of decreasing world population? Not welcoming PM to bury in my garden. My land is more important to me n yes I started to look into the future. Started to dig garden up n grow vegies, love to have chooks too but afraid of interrupting neigbours peace.
Shares in China could be a good idea only if her people puts their talents into good legal business instead of creating more Fake goods.

 

[divs4ever]

Got to laugh?after reading your post.
World economy gets a good hammering from Covid, Floods, Fire n War, a natural way of decreasing world population? Not welcoming PM to bury in my garden. My land is more important to me n yes I started to look into the future. Started to dig garden up n grow vegies, love to have chooks too but afraid of interrupting neigbours peace.
Shares in China could be a good idea only if her people puts their talents into good legal business instead of creating more Fake goods.

what about geese and/or ducks , not quite as noisy unless you have intruders ( when you might appreciate a little noise )

yes plenty of distraction

but don't worry there is an election coming brighter times are coming ( if you pick the right politician .. well that is what THEY will tell you )

 

[Greynomad99]

Very little of interest to say this week, but for the sake of completeness my blog can be found here : https://sharecharting.com.au/blog-example
Best advice I can have for the current market is to sit on your hands (and if that isn't exciting enough for you - twiddle your thumbs while you do it!)
Good luck for what is likely to be another volatile week.

 

[Sean K]

Very little of interest to say this week, but for the sake of completeness my blog can be found here : https://sharecharting.com.au/blog-example
Best advice I can have for the current market is to sit on your hands (and if that isn't exciting enough for you - twiddle your thumbs while you do it!)
Good luck for what is likely to be another volatile week.

Commodities and metals breaking out everywhere. U stocks smashed on Friday on a rumour. Opportunities galore!

 

[divs4ever]

Commodities and metals breaking out everywhere. U stocks smashed on Friday on a rumour. Opportunities galore!

yes , but buying opportunities were much less attractive

i found napping much more restful , and between naps i could watch the flood waters rise , .. all slightly beneficial for my bank accounts

 

[Greynomad99]

Yes, there are always opportunities but when stocks turn (like the uranium stocks) everything gets killed in the rush for the exit. While FA goes on little impacted by the current volatility, TA has issues with many stocks patterns having been trashed recently. And there is always the chance that the Mad Hatter in the Kremlin might start something he can't finish - and we head for a bear market. TA says that is still a real possibility. I just think with all this uncertainty the best course of action is manage your existing holdings and keep your powder dry. Probably a bit conservative, but when you've retired and don't have employment income to patch up any holes you blow in your nest egg - it helps me sleep better at night. My existing holdings are generally doing better than the market so why take new risks?

 

[Greynomad99]

Although the market is still all over the place and the potential for more falls remain, I'm feeling a bit more confident that the road ahead is less littered with land mines. I haven't revised my Stocks to Watch significantly for several weeks as there seemed little point when charting analysis is challenging and more often wrong than right in a volatile market. I've also been travelling a bit so I haven't had the time to significantly review stocks. Now back home (for a few weeks before heading Outback) I've reviewed my stocks to watch, deleted a few and added several new players. Many of the new stocks listed have not been reviewed previously, and being mining related, the risk to be avoided is having too great an exposure to that sector.

Blog - Robert Norman Share Charting

 

[Rabbithop]

Hi GN, I see you don't do BHP, BRN, NST. Take Care n Stay Safe on your Travel.

 

[Greynomad99]

Hi GN, I see you don't do BHP, BRN, NST. Take Care n Stay Safe on your Travel.

Can't cover all stocks but I'll let you know what I see in my crystal ball if you like.

 

[divs4ever]

wouldn't you need a FAT wallet to be trading BHP and NST ( i hold both as investments ) i might suggest the volatility is insufficient for amount of cash used ( and profit to be gained )

but absolutely agree on the stay safe wishes

 

[Greynomad99]

Hi GN, I see you don't do BHP, BRN, NST. Take Care n Stay Safe on your Travel.

BHP moving up but nothing there I can see in the way of a charting pattern that would want to make me trade it at the moment. BRN has been falling for 5 week with no indication of where that might end. NST has probably got good prospects if it can get above last weeks high.

 

[Rabbithop]

Thks GN for the 'crystal all reading'.
My BHP was up profit for 2k before the war broke out.
BRN was giving me $150 to $200 plus profit with day trading unfortunately the last buy in was on the high end, since then prices kept falling, my thought...caught with my pant down... it should be ok to hold for a bit longer as the company had commitment contract signed to provide the chip for a car manufacturer.
NST was sold but waiting to re enter.
PLS was good to me a while back. Lucky to sell half of my holding at high, reign in my capital and the other half left as Free hold. Unfortunately I Did pick up another parcel just before the price drop.
Let's wait for Monday market... again maybe a struggle.
Dow down on Friday.

 

[qldfrog]

Thks GN for the 'crystal all reading'.
My BHP was up profit for 2k before the war broke out.
BRN was giving me $150 to $200 plus profit with day trading unfortunately the last buy in was on the high end, since then prices kept falling, my thought...caught with my pant down... it should be ok to hold for a bit longer as the company had commitment contract signed to provide the chip for a car manufacturer.
NST was sold but waiting to re enter.
PLS was good to me a while back. Lucky to sell half of my holding at high, reign in my capital and the other half left as Free hold. Unfortunately I Did pick up another parcel just before the price drop.
Let's wait for Monday market... again maybe a struggle.
Dow down on Friday.

Anyone noted the Dow vs ASX gap?
I had same bet on ASX and dow ..printing dollars on the Dow but even or losing on ASX.....
Is it the she ll be right factor or are we inherently such a strong economy?

 

[Greynomad99]

Thks GN for the 'crystal all reading'.
My BHP was up profit for 2k before the war broke out.
BRN was giving me $150 to $200 plus profit with day trading unfortunately the last buy in was on the high end, since then prices kept falling, my thought...caught with my pant down... it should be ok to hold for a bit longer as the company had commitment contract signed to provide the chip for a car manufacturer.
NST was sold but waiting to re enter.
PLS was good to me a while back. Lucky to sell half of my holding at high, reign in my capital and the other half left as Free hold. Unfortunately I Did pick up another parcel just before the price drop.
Let's wait for Monday market... again maybe a struggle.
Dow down on Friday.

A closer look at BRN suggests a bottom could be around $0.94 - $1.00 which is about where price is currently. Hard to say, but up from (or about) current price is a possibility. Technically, the most likely bottom is $0.94 but really need to see a confident move up on the weekly chart.

 

[Rabbithop]

A closer look at BRN suggests a bottom could be around $0.94 - $1.00 which is about where price is currently. Hard to say, but up from (or about) current price is a possibility. Technically, the most likely bottom is $0.94 but really need to see a confident move up on the weekly chart.
View attachment 139059

Good morning n Thks again mate for that BRN chart. My thought today for BRN, at worst is 80cts, likely will be floating around $1.
PLS currently looks good at pre opening but lately our market is rocking in Global Sea Waves.
Been seeing at least a couple if not 3 waves daily.
Stay Safe n Stay Well.

 

[Rabbithop]

wouldn't you need a FAT wallet to be trading BHP and NST ( i hold both as investments ) i might suggest the volatility is insufficient for amount of cash used ( and profit to be gained )

but absolutely agree on the stay safe wishes

Morning, just need a med size n healthy wallet to do Trading but lots of time n patience. Was Trading in CSL n Macquarie Bank when Covid first break out, did okay in those 2 stocks . Had stopped n didn't re enter.
CSL was hitting near to $300, I stopped trading, was getting too pricey to be caught with pant down. Glad I did the right move.
MQG was doing good too, at that time was around $65 to $80. I stopped when it hit $80 again thinking best to keep my pant on but it went up the hill to $100. Can't win all the time.
Regrets I have a few but life goes on.
Best To Be Happy.
Money comes Money Goes.
Can't Take it with us, no tender value on the other world.

 

[DrBourse]

Hi GN, I see you don't do BHP, BRN, NST. Take Care n Stay Safe on your Travel.

Hi Rabbit,

Last looked at BHP 21/8/21, their IV was $44.30 to $55.23, Margins of Safety were Very Good, Ratio’s were also Very Good, BUT because BHP’s SP ($47.69) is above the Lower IV, it is not a Buy for me ATM. I would like to see $40 or lower.


Last looked at NST 21/8/21, their IV was $7.39 to $8.83, Margins of Safety were Very Good, Ratio’s were also Very Good, BUT because NST’s SP ($10.80) is way above the Lower IV, it is not a Buy for me ATM. I would like to see $8.30 or lower.



The following is part of my current Analysis Spreadsheet.

The following are some of the better stocks atm IMO.


Cheers M8.

 

[Rabbithop]

Good Morning Dr.
Hope you are keeping well. Thank you for the added info n charts. It is good that that I am able to receive help/guidance/ confirmation of my planning in trading.
Bhp bought in Jan around $46.50 and is still holding out for $50 but may have to exit lower and it looks like it too. Always in my mind that it may slide down to $35 - $38.
NST bought 2 parcels in Nov @ 8.98 and 10.46 but exited both parcels in 1 go around $10.65 so am sitting on fence for $8 to $8.50 may and may not happen.