Irrational exuberance

[theasxgorilla]

The main reason behind this was that on the weekend I had my hair cut and the barber told me I should buy some AGM shares. He didn't know the full name of the company (I had to tell him that) and he didn't know it mined Nickel in Tasmania.

That was my cue to start locking in a few $$.

ROTFLMAO! Classic.

Enjoy your trip Kennas

 

[constable]

I took the opportunity to skim a few profits across the board today.

The main reason behind this was that on the weekend I had my hair cut and the barber told me I should buy some AGM shares. He didn't know the full name of the company (I had to tell him that) and he didn't know it mined Nickel in Tasmania.

That was my cue to start locking in a few $$.

Also, I must say, I'm going to Mexico backpacking for 3 weeks leaving Thursday, so this was as good a opportunity as ever.

All the best! Hopefully the market is another 100 points up when I get back! And my barber's hot tip was good!

I wonder if your barber has a financial advice disclaimer on his open sign ?
Hehe maybe we could sue if him if he gets it wrong !!
What i was really thinking tho was having a trading screen while you were getting your haircut. Now im sure there is a market for this......On Market Hairdressing...we'll cut your locks while u trade your stocks!! .

 

[Rob_ee]

Irrational exuberance?

Talk about irrational exuberance ... (I heard that somewhere)

Our market up 165 points .. which is more than the DOW last night and we are less than 1/2 their size

I am glad that I have been trading for some 6 odd months only.
I have no idea what is going on so can put my confusion down to lack of experience .... what subprime problems ?????

Rob

 

[caleb2003]

Re: Irrational exuberance?

Wouldn't BHP have something to do with it also?

 

[son of baglimit]

Re: Irrational exuberance?

the drop here was bigger, the majors are reporting well, bhp & co reporting bright future, so they all return in droves.

simple.

 

[nioka]

Re: Irrational exuberance?

It is better to be an irrational exuberant bull than a wimpy timid bear any day. Win or lose.

 

[Gundini]

Re: Irrational exuberance?

Yes, and what happened to the Bear?

Is he back in the cave, or peering from behind the trees, waiting to pounce?

I think the later... Waiting for another Mortgage Lender to fall over in the States. Shouldn't be long now...

 

[ADoyle]

Re: Irrational exuberance?

Yes, and what happened to the Bear?

Is he back in the cave, or peering from behind the trees, waiting to pounce?

I think the later... Waiting for another Mortgage Lender to fall over in the States. Shouldn't be long now...

As suggested elsewhere I think the market has now gotten comfortable with this concept and won't even blink unless a major bank or institution hits the deck

 

[Sean K]

Time to open this one up again...

The iron arena is starting to trouble me specifically.

Rock chip samples creating 300% gains.....

hmmmmmmmm

 

[prawn_86]

it seems to me that everyone is still a little wary of the spec end, and hence when one co moves up, even on suspect news, everyone else jumps on board as they feel they have better chances going with the flock than risking it in specs that are going sideways.

although i dont have much macro knowledge so thats just my

 

[surfingman]

Time to open this one up again...

The iron arena is starting to trouble me specifically.

Rock chip samples creating 300% gains.....

hmmmmmmmm

Kennas,

That was my first 3 bagger , but yes agreed very irrational and the shares are holding the gain better than expected which is even more troubling. Is the market wrong?

Are people are overreacting to the expected increase in the iron price?
http://www.bloomberg.com/apps/news?pid=20601086&sid=at6HO2S6zZck&refer=news

I'm not sure, but looking for the next runner is very entertaining.

 

[Sean K]

Kennas,

That was my first 3 bagger , but yes agreed very irrational and the shares are holding the gain better than expected which is even more troubling. Is the market wrong?

Are people are overreacting to the expected increase in the iron price?
http://www.bloomberg.com/apps/news?pid=20601086&sid=at6HO2S6zZck&refer=news

I'm not sure, but looking for the next runner is very entertaining.

Strike while the iron's hot , but be prepared for the sharp correction that follows this type of hype. The run could go on for a while, but the signs are just starting to eventuate....

I am overall bamboozled with the past 2 months action after the surfacing of the Sub Prime/Credit Cruch troubles telegraphed by the bears so fluidly.....perhaps the paradigm is shifting...

Make hay while the sun shines, but be prepared.....

 

[Uncle Festivus]

Even the Maestro himself, who presided over the Irrational Exhuberance phase and created the latest one, has upped his recession odds to nearly even money.
It is indeed The Age of Turbulence, of the big swings and dips. Are we close to a breather? I don't think October will disappoint.

 

[YOUNG_TRADER]

Well I guess we can add MDX tot he list of Iron Ore bandwagon jumpers that is experiencing Iraational Exuberance

Up 100% from yesterday on the back of errrr.....


p.s. Serentiy Now! Eh Uncle Festivus?

 

[BIG BWACULL]

Well I guess we can add MDX tot he list of Iron Ore bandwagon jumpers that is experiencing Iraational Exuberance

Up 100% from yesterday on the back of errrr.....


p.s. Serentiy Now! Eh Uncle Festivus?

But surely if they rounded up a few keen workers and some barrows and collected all the rock chips
that would = BIG$$$$$$ lol

 

[YOUNG_TRADER]

But surely if they rounded up a few keen workers and some barrows and collected all the rock chips
that would = BIG$$$$$$ lol

lol, maybe if the metal chips off their shovels and picks as their digging, then when they do the assays there sure to find Iron in the samples :

 

[YOUNG_TRADER]

No Comment needed!

 

[Sean K]

How could facebook possibly be worth $15b

Does it actually make any money?

pe's gotta be out of the stratosphere. Shades of the tech wreck?

Microsoft Pays $240 Million for Stake in Facebook (Update1)

By Dina Bass and Amy Thomson

Oct. 24 (Bloomberg) -- Microsoft Corp. will buy a 1.6 percent stake in social-networking Web site Facebook Inc. and agreed to sell ads for the Internet company overseas, beating out a bid from Google Inc.

The company will pay $240 million for the stake, valuing Palo Alto, California-based Facebook at $15 billion, said Adam Sohn, a director in Microsoft's online services group.

 

[nizar]

How could facebook possibly be worth $15b

Does it actually make any money?

pe's gotta be out of the stratosphere. Shades of the tech wreck?

LOL i was thinking the same thing.

I also thought, why the ^&#$ didnt I think of that? lol