How much have you lost on shares in the last 3 days?

[sarahmeehan3]

i HAVE NOT SOLD. BUT DOWN 11,000 AT THE MOMENT.
WHY?
BECAUSE I BOUGHT ON HOPE. NEVER AGAIN.
INDICATORS WERE TELLING ME IT WAS NOT RIGHT TO BUY.
THIS IS A LESSON FOR ME TO STICK TO MY POLICY.
LIVE AND LEARN.

REGARDS

SARAH

 

[Smurf1976]

I'm somewhat concerned about this "correction" in the market simply because practically everyone thinks it's "only a correction". History shows the majority are usually wrong about things concerning money and so I'm completely out of the market for the moment and have been for a while now.

I also maintain the view that I have had for quite a while now that all surprises with interest rates will be to the upside. I'm expecting 2 more rises from the RBA by Christmas and, whilst that may be it for a while, rates to be very much higher than at present at some point over the next 10 years (probably sooner). Why? Simply because all that cheap credit is getting rather hard to hide under the CPI rug and people are starting to notice the bulge under the carpet.

 

[serp]

I also maintain the view that I have had for quite a while now that all surprises with interest rates will be to the upside. I'm expecting 2 more rises from the RBA by Christmas

If that happens, I wouldn't be surprise to see the market at 4500 and under when I woke up after bringing in the new year

I love watching the market tumble, I feel more excited about the stockmarket when this happens. Of course, I'm not in the market at the moment!

 

[3 veiws of a secret]

I'm somewhat concerned about this "correction" in the market simply because practically everyone thinks it's "only a correction". History shows the majority are usually wrong about things concerning money and so I'm completely out of the market for the moment and have been for a while now.

I totally agree with you Smurf1976 ,and my main gripe is the commodity of OIL ...... I smell a rat ,it has all the hallmarks of what happened when OPEC up'ed the price of oil in the 1970's.Someone is crunching the figures of who is paying AUS $ 1.45 @ the bowser. Once the transport industry stops ,I can only see interests rates heading north.....forget about the 3 days of losses ,there's more to come.

 

[jet-r]

For months, I have seen journals analysis brokers u name it.. talking about a correction is due soon. and here we are, the long anticipated correction is finally happening. As most of us here are tearing on our diminishing paper profit and even losses, those bears and people with short position are laughing their ways to the bank.

A correction like this is a healthy one, you should be really goddamn worried if the resources are still hitting record highs and the market is near 5600 now. It will be a crash instead of a correction.

think positive

 

[imajica]

Im fairly new to the stockmarket game

initial investment - 4k

current portfolio value - 12k

was lucky enough to get into the u3o8 float


was up to 15k since the start of the year but has depreciated by 3k over the last few weeks

at the end of the year the correction will be over and the market will gain strength again.

remember, its not a loss until you sell - sometimes you have to have a longview


If you look after the pennies, the dollars will look after themselves

 

[mit]

I totally agree with you Smurf1976 ,and my main gripe is the commodity of OIL ...... I smell a rat ,it has all the hallmarks of what happened when OPEC up'ed the price of oil in the 1970's.Someone is crunching the figures of who is paying AUS $ 1.45 @ the bowser. Once the transport industry stops ,I can only see interests rates heading north.....forget about the 3 days of losses ,there's more to come.

I'm not too upset about the price of oil being high. Its the only way to get the powers to be to do something about getting us off this addiction before it runs our for real.

MIT

 

[Realist]

Ahhh stop being so negative, everything is good at the moment!!

We had a huge correction from about 2000 to 2004.

Sure the market's gone up a fair bit recently.

From 1984 to 1987 it went from 710 to about 2300. It more than tripled!!

From 2003 it was about 2700 to now 4900 that is not even double!!

You need to look at these things logarithmically. 1000 to 2000 is doubling. 10000 to 11000 is the same 1000 increase but only a 10% increase not doubling.

There is no way in hell all stocks are overpriced.

BHP, CBA, RIO, ZFX, WDC, FGL, etc etc are all making huge profits!!!

If companies are making huge profits and there P/E ratios are not even above the average there aint no problem in my opinion. BHP's is less than 12.3 at the moment. You are buying the best mining company in the world!

Get in there and buy some shares now while they are cheap!!

If you think BHP is overpriced at $26.50 or RIO at $73.50 you are dreaming.

Come back to this thread June 30 June 2007 and you'll see I was right!

 

[Ageo]

If companies are making huge profits and there P/E ratios are not even above the average there aint no problem in my opinion. BHP's is less than 12.3 at the moment. You are buying the best mining company in the world!

Get in there and buy some shares now while they are cheap!!

If you think BHP is overpriced at $26.50 or RIO at $73.50 you are dreaming.

Come back to this thread June 30 June 2007 and you'll see I was right!

Unless BHP or RIO change there operations/management or even close down i think you will be right on this 1

$50 minimum looks like a good price for BHP. Considering there earnings and future forecast earnings.

Adrian

 

[Realist]

I just put a bid in for BHP at 26.50.

I think I'll just miss it!

 

[Realist]

I just bought 100 BHP at 26.60!!

Surely a good buy!

$38 this time next year + good dividends!

 

[Realist]

Ahh I should have left it at 26.50. I just screwed myself out of a whole $10

 

[jet-r]

I wouldnt jump in as yet.

Have a look at last night's metal price, the base metals are down from 3-7% http://www.kitcometals.com/

I think the market is doing a "the dead cat bounce"

 

[professor_frink]

been a surprisingly strong open this morning. Looks like alot of people are relieved wall st didn't lose another 100 overnight!

 

[Realist]

I wouldnt jump in as yet.

Have a look at last night's metal price, the base metals are down from 3-7%

I don't care what metal prices do day to day.

BHP, the worlds greatest mining company is on sale, today only!! $26.60 get in while you can!!

See you this time next year to celebrate our profits!

 

[Ageo]

I don't care what metal prices do day to day.

BHP, the worlds greatest mining company is on sale, today only!! $26.60 get in while you can!!

See you this time next year to celebrate our profits!

I will be buying 20000 CFD's BHP in the next week or so.

Margin requirement is around $16000.

For the people that are freaking out over the leverage and about a margin call well i have over 7 times that in reserve. Unless BHP go broke or start losing money in the next 12months (i highly doubt it!) i will be enjoying those gains month by month.

 

[Sean K]

I have just bought some more and topped up on HDR. Both oversold.

 

[GreatPig]

Kennas,

On what basis have you decided that BHP and HDR are oversold?

Cheers,
GP

 

[Sean K]

GP,

Stochastics, Bollinger Band and 100 day MA. % losses greater relative than market.

Great companies.

May drop a little more, but who can pick the absolute bottom? Have to pull the trigger at some point. These are long term plays. Price of oil hasn't dropped much and these companies valuations are based on about $50 a barrel oil (I think). It's still around $70 and will probably go higher in the coming year.

 

[bullmarket]

Unless BHP or RIO change there operations/management or even close down i think you will be right on this 1

$50 minimum looks like a good price for BHP. Considering there earnings and future forecast earnings.

Adrian

I think $50 is a little optimistic for BHP. The weekly chart looks a little wobbly in the knees for me and imo the growth in earnings for 2006/2007 is mostly factored into the price already, especially at its recent high.

A lot will depend on whether the market believes BHP will reach its 2007 forcasts and even if it does the forcast for 2008 is fairly flat after 2007.

Bottom line....watch carefully imo

Forcast numbers from Commsec

Earnings and Dividends Forecast (cents per share)
2005 2006 2007 2008
EPS 128.4 222.4 262.0 263.2
DPS 36.7 47.9 52.9 56.2

cheers

bullmarket