Is anyone actually buying?

[prawn_86]

Isnt it funny how everyone goes quiet when times are bad...

Is anyone out there buying?

Or are people waiting for things to settle?

Personally im happy holding what i have with a 1 year minimum timeframe, but there are a few other good opportunities at the moment, imo.

However if i did have cash i would be waiting to see where the market bottoms out.

 

[adobee]

I bought up on friday and now have no cash... I am not very happy at the moment.. I will hold.. half this problem is people selling and trying to get back in at the bottom ...

 

[The Mint Man]

Maybe they are quiet because they are busy buying.
I think you would be mad not buying today, companies like MQG, ZFX, BHP, LGL..... the list goes on and on, they are all selling at very good prices. If your holding long then today would be a very good buying opp.

Cheers

 

[adobee]

there must be someone buying for all these shares to be selling .. are these mainly institutions or people with big brass basketballs.. ?

 

[Synergy]

Buying tissues.

Lets see how much we can recover this afternoon. Anything less than 100 down will be reasonable i think. Still I won't be able to afford a pack of hankies.

 

[Nyden]

i bought up on friday and now have no cash... I am not very happy at the moment.. I will hold.. half this problem is people selling and trying to get back in at the bottom ...

Yes, exactly - everyone is holding out for a bottom...what they don't realise is, they create the darn bottom! If enough buy in, boom - a bottom is established. I guess cash holders want to get in as low as possible though, with only 6% of my portfolio in cash, none of this does me any good though

Someone start up a pole on how portfolios are fairing Might make me feel better to know, that a lot of others are in the same sinking boat here in the Red Sea!

 

[The Mint Man]

i bought up on friday and now have no cash... I am not very happy at the moment.. I will hold.. half this problem is people selling and trying to get back in at the bottom ...

I'm sure your not the only one mate I have none left either.... I bought MQG at $75.5 a few weeks ago, which is a good price IMHO.... watched them go to $82.6 (20/20 hindsight would have sold) ) only to watch them slip to $73.65 this morning.

Cheers

 

[nioka]

Anyone buying today should have a long term objective. I bought some ACE yesterday with an order I have had in for a couple of weeks. They cost me half a cent more than the price today but I bought with a long term view and am happy to hold.

 

[MS+Tradesim]

There must be buyers as XAO has recovered 0.4%

 

[Uncle Festivus]

Yes, some company fundamentals are still sound, so these levels are bargains - mainly talking gold stocks, particularly LGL today.

 

[numbercruncher]

Morgan Stanley and Bear Stearns releases this week and it doesnt smell good, so we cant expect repreive soon im thinking.

 

[The Mint Man]

Buying tissues.

Lets see how much we can recover this afternoon. Anything less than 100 down will be reasonable i think. Still I won't be able to afford a pack of hankies.

Yes, we really are out stripping the other markets lately, namely the US. Every time they have gone down we have followed, and then some!!!. When they have gone up we have had lackluster days.
What is wrong with us? the amount we have fallen over the last 2 days seems a bit silly to me over reaction!

Cheers

 

[nioka]

there must be someone buying for all these shares to be selling .. are these mainly institutions or people with big brass basketballs.. ?

Some of today's buyers are the ones that helped engineer the fall. Brokers and traders only make money when there is buying and selling. Long term holders are a dead loss to them.

 

[tronic72]

What you are assuming (right or wrong) is that after today's drop, the Market will bounce back tomorrow. It may, but it may not.

Frankly, there aren't many positives to influence buying at the moment. That doesn't detract from the fact that companies like BHP, RIO, ZFX etc are good solid companies but it does influence the Markets confidence in buying.

As a side note, I've noticed that AFG has had a huge drop to (-16.873%) and CNP has dropped another (-52.941%). This may be the start of the true repercussions of the sub prime issue.

 

[ithatheekret]

Just my personal opinion .........

If we touch below 6100 , I would weigh in a 5800 test .

Been waiting for the breach of 6200 for a couple of weeks now , and it looked iffy on getting there .

 

[JTLP]

I think most buyers will hold out at least until next monday. Has been a very poor start to the week and after reading some things off the CNN site and the economic calender, things really look to be still heading downhill

 

[Real1ty]

Morgan Stanley and Bear Stearns releases this week and it doesnt smell good, so we cant expect repreive soon im thinking.

And there we have it.

This is what will decide where the market goes next.

If this info is bad, then we will be hit very hard.

 

[numbercruncher]

Yes, we really are out stripping the other markets lately, namely the US. Every time they have gone down we have followed, and then some!!!. When they have gone up we have had lackluster days.
What is wrong with us? the amount we have fallen over the last 2 days seems a bit silly to me over reaction!

Cheers

Our entire Economy thanks to the Liberal party is based on a hole in the ground and the World knows it, I think Australia has the potential to be spanked harder than any other Western economy if there is a world wide slowdown or recession.

 

[Real1ty]

Our entire Economy thanks to the Liberal party is based on a hole in the ground and the World knows it, I think Australia has the potential to be spanked harder than any other Western economy if there is a world wide slowdown or recession.

Exactly.

This is why i am concerned and have prefaced a few of my posts with my concerns about the AUS market.

We will be hit very hard.

Look at who and what has been driving our market higher.

 

[YOUNG_TRADER]

Hi guys!!!!!

I've been away for the last few days, but am back,

Wow, looks like I got back just in the nick of time,

Yeah I'm buying selected stories,

BUY LOW, SELL HIGH