Has the easy money been made for the brave?

[Ken]

Just a question??

Has the easy money been made in the market the last few days?


Just wondering on the thoughts of long term investors.

For those who missed MBL at $61.00

The stock has really run its little ticker off to get up $79.00

However the volume on the rise is not massive.
I know the stock has bounced pretty hard.

Where do you see MBL by the end of the year?

Historically September has also been a poor month for investors.

I think reporting season has been positive.

Buying now or tomorrow would seem a little bit cheeky considering MBL has risen $17 in only a couple of days?

Profits will be taken at some point. Not everyone made a loss on the markets going down. Short selling is very big for a lot of fund managers.

One fund manager we manage lost 100% of its portfolio due to hedging. The other made 80%.

As an investor looking long term who missed out on the profits of the last couple of days would you still wait for the market to settle?

The charts do look ugly.

Stocks like NAB and ANZ, and WBC, and QBE have made great recovery, could this spur on for new highs now?

Whats your feeling?

I believe long term we are looking good, and NAB MBL and WBC at their lows will not be seen again anytime soon.

Thoughts?

 

[BentRod]

One fund manager we manage lost 100% of its portfolio due to hedging. The other made 80%.

Who is WE Ken??

And how do you manage a Fund Manager?

cheers

 

[Ken]

We being work at the bank in custodians.

Manage meaning we take care of their transactions.

Apologies.

 

[2020hindsight]

who knows in advance m8 (not me that's for sure)
maybe APEC will be a bit "volatile"?
whatever volative means these days
there seems to be "good volatile" and "bad volatile" lol
will the optimism continue until early next year?
until the Beijing olympics? -
after that ?
must have another "correction" eventually yes?
probably a real correction next time - bigger maybe?

medium term - was the massive volume yesterday the key (at least in BHP)
summary - I got back in mid last week, and I'm staying in for a bit yet

 

[Awesomandy]

Just like everything else, it's a fine line between hero and zero.
So, if your strategy works, stick to it, and you'll be rewarded eventually.
I've been out of the market lately, and I understand the risks invovled at times like this. Even seeing these gains, I don't really feel like I've been missing out on anything.

 

[2020hindsight]

lol - another factor maybe?
maybe the market has factored in the massive negative of a labour win
and maybe Johnny will win again ( Lazarus with a quadruple bypass)
and the market will surge to massive new highs - as early as October, as late as next Jan?

(compare getting in early on the rugby world cup - and putting a motsa on USA to win - with those odds you could live in Beverley Hills for the rest of your days . )


Fortes Fortunes aduuvaat - fortune flavours etc

 

[nioka]

lol - another factor maybe?
maybe the market has factored in the massive negative of a labour win
and maybe Johnny will win again ( Lazarus with a quadruple bypass)
and the market will surge to massive new highs

And maybe with a Rudd win the market will be just as good but life in Australia will be better for the masses.