How many members are jumping ship today?

[JTLP]

Is there really a forecast for negative days all this week?
Surely the Dow must have some rally in it being so close to Xmas?

 

[Real1ty]

I'm a lot more bearish than what i was a couple of weeks ago.

I sold out all my holdings in MAH and MTN today ( IF only i had of sold MTN at peak ) and also withdrew my Australian Shares Geared Fund.

All the above were very nice profits as i had held for years.

I think we have a long way to go and won't be jumping back in until things become a little clearer, if they do.

Is it just me or is anyone else worried about the Australian Banks putting up their rates?
I believe IF this happens, and it has been hinted at, the Australian market will fall quite a way.
They are not going to put up with the higher cost of money forever.
And if they pass on the higher costs, added with our high inflation and Americas woes, well, it won't be pretty, especially in Aus.

Just my 2 cents

 

[tronic72]

I'm a lot more bearish than what i was a couple of weeks ago.

I sold out all my holdings in MAH and MTN today ( IF only i had of sold MTN at peak ) and also withdrew my Australian Shares Geared Fund.

All the above were very nice profits as i had held for years.

I think we have a long way to go and won't be jumping back in until things become a little clearer, if they do.

Is it just me or is anyone else worried about the Australian Banks putting up their rates?
I believe IF this happens, and it has been hinted at, the Australian market will fall quite a way.
They are not going to put up with the higher cost of money forever.
And if they pass on the higher costs, added with our high inflation and Americas woes, well, it won't be pretty, especially in Aus.

Just my 2 cents

Nah it's not just you. I had a similar rant on a property value thread here earlier. It's not a question or IF but WHEN and HOW MUCH. The US is so close to recession it's not funny.

Bumpy times ahead.

(Why oh Why did I just buy CTX LOL)

 

[The Mint Man]

Rest of the week will be interesting, we really need good news from the US. I agree with JTLP's comments, I think the DOW will rally back from here.... having said that I am seriously considering selling out of a couple of my stocks within the next month or so, Im just waiting to see what happens first but I'm ready to do it if need be.
This definitly was not the santa rally I was looking for though!

 

[prawn_86]

After the rally from the August correction i shifted my holdings to what i am happy to hold, mainly focusing on new or near term producers set for market re-rating when the ann maiden profits (imo, thats the plan anyway).

There are a few other stocks i would love to have but dont have the capital, but im happy just to hold with a 1 - 2 yr outlook on each of my stocks and buy new ones, with the same timeframe, each time i save up enough.

 

[JTLP]

Just pondering a question...if the Dow continues to drop, which areas of the market will be most affected?

I am considering selling most of my stocks but would it be worthwhile (in your own opinions of course ) holding onto something like CVN (my largest holding), or will smaller stocks like these cop a beating as well?

For the record I own:

ANG
BHP
CVI
CVN
FMG
OXR

(A resource man who tried to avoid the Credit Crunch...wow that really worked for me LOL)

Which of these do you guys think will be affected greatest/least?

 

[prawn_86]

JTLP,

obviously no one here (that i know of) is qualified to give investment advice.

But i think you will find that smaller cap stocks are hit even harder during a correction/volatile market. This is due to the speculators sitting on the side not willing to back things without 'solid' fundamentals.

Hence my post above...

But i think you will find if it doesnt have a positive cashflow (especially if it needs to raise funds, even via a share placement) it may struggle

 

[JTLP]

JTLP,

obviously no one here (that i know of) is qualified to give investment advice.

But i think you will find that smaller cap stocks are hit even harder during a correction/volatile market. This is due to the speculators sitting on the side not willing to back things without 'solid' fundamentals.

Hence my post above...

But i think you will find if it doesnt have cashflow (especially if it needs to raise funds, even via a share placement) it may struggle

Prawn, I did try to avoid this issue by throwing in IN YOUR OWN OPINION with the smiley face. I understand the positions people are in and I respect that. Lets say for the topics sake the affect of the market on those certain players I listed. Thank you =)

 

[daggs]

How much claret you want? Streets have been pretty red these last few days.

Cease fire, I,m outta money::ak47:

 

[chops_a_must]

Yeah, I'm long the SPI at 6340 now. Just looking for a 15-20 point move with a tight stop below that previous bottom. Might be time to get out of my shorts for now.

Reversed on that stop and now looking for the S3 at 6294.

 

[chops_a_must]

Just pondering a question...if the Dow continues to drop, which areas of the market will be most affected?

I am considering selling most of my stocks but would it be worthwhile (in your own opinions of course ) holding onto something like CVN (my largest holding), or will smaller stocks like these cop a beating as well?

For the record I own:

ANG
BHP
CVI
CVN
FMG
OXR

(A resource man who tried to avoid the Credit Crunch...wow that really worked for me LOL)

Which of these do you guys think will be affected greatest/least?

Personally I'll be looking to short transports. The last time I checked, the biggest short positions were on them... and RIO.

 

[The Mint Man]

OK, Seems I'm in the minority (once bitten).

I wouldn't say that... just have a look at the market!!! Were getting smashed, 185 down ATM.

 

[chewy]

I am holding. FWIW my portfolio is up 1.5% so far today.

 

[chops_a_must]

I am holding. FWIW my portfolio is up 1.5% so far today.

What are you holding? Puts?

 

[coolcricket]

Holding at the moment. Would like to buy some shares, but cash is mostly already tied up.

 

[ithatheekret]

I'm waiting for Hong Kong to report , there financials are allowed sporadic reporting if I can put it that way ...........

I don't think we've heard enough bad news from there yet and they'd be / are heavily invested here too . They've got a rate cut coming up too , more liquidity ..... but where will it go though ..........

The only thing I have in their favour is that they were the only ones able to buy back all the liquidity they poured into the financial markets in the '97 cash crisis .

The see-saw begins to rock , I still expect Santa and the window dressers , I mean elves , reindeer or whatever ........ bit of a Mardi Gras if you ask me .
More so on the Dow and friends .

It has me wondering whether we will see 6200 tested , been waiting for it , all the expected annual downturns had started , but a couple of stuff ups , have led to rallies ....... or last bull in the ring as use to be the expression .

Spitting distance to 6300 .......

Skippy has just got her head above the the wheat

 

[chewy]

What are you holding? Puts?

AQA - was up - just turned flat
CVN - up
GDY - down
MSB - up
TMR - up
TTY - flat

But truth be told I am looking forward to today ending to ease the nerves lol

 

[The Mint Man]

Holding at the moment. Would like to buy some shares, but cash is mostly already tied up.

I hear ya!!! In a perfect world I would have sold out of MQG last week for $82.60 and bought back in at $75.60 today... ahh well still up slightly

 

[chewy]

well that got nastier as the day progresed - ended up 1.5 down for the day after all at least its better than the 3.4 the market gave up i spose:fan

 

[Real1ty]

well that got nastier as the day progresed - ended up 1.5 down for the day after all at least its better than the 3.4 the market gave up i spose:fan

It certainly did