Australian (ASX) Stock Market Forum

Is anyone actually buying?

I'm going to wait for tomorrow to see what MQG brings, no good news that I can see so I cant work out why the recovery.. im hoping for a bit more of a slide, Like MQG for high 72's
 
I'm going to wait for tomorrow to see what MQG brings, no good news that I can see so I cant work out why the recovery.. im hoping for a bit more of a slide, Like MQG for high 72's
Not quite sure what you mean.... good news in general or good news from MQG themself?
Also MQG did hit high 72's today;)
 
Good news in general, ie something to suggest why there is a massive decline other than subprime stuff

I know, I missed the boat on that one. I have a order in, we'll see ;) it just dropped 20c (MQG that is)
 
Was very tempted to do some buying in the morning(ZFX: tempted for the first time in more than a year, ADY), but decided to hold off. Now kicking myself of course. Ah, hindsight :D
 
AFG is looking very good today, it does have other forms of making money besides Rubicon.

Currently its sitting on a very very low current PE ratio. The lowest I've seen for any Australian investment bank for a few years.
Ofcourse its possible that next years profits can halve, but even with that its still cheap.

I tend to agree about AFG. The only concern is they will get caught up in the freefall even though they are much less risky than some of the others out there.

Note: Just purchased AFG @ 5.9
 
Well what a recovery we had today!!! problem is that MQG didn't seem to follow that recovery..... much the same story as tronic72 is telling about AFG really.
If we get a good lead from the US then I think MQG will make a heap up tomorrow:2twocents
 
I bought 15K worth of WWA :D
Market down turn doesn't bother me..I got some on of my watch list and if it sell
at reasonable price I load it up :D
 
Any bets on what the ubiquitous popular-media economists will put todays ?? relief ?? rally down to?
My money is on the oft trotted out "bargain hunters"...nice change from the as often used."profit takers" that explains why the market dips in the first place.. :D
Cheers
..........Kauri
 
Any bets on what the ubiquitous popular-media economists will put todays ?? relief ?? rally down to?
My money is on the oft trotted out "bargain hunters"...nice change from the as often used."profit takers" that explains why the market dips in the first place.. :D
Cheers
..........Kauri
LOL

More like "speculators hoping the US will rebound for a Christmas rally"? :cool:
 
LOL

More like "speculators hoping the US will rebound for a Christmas rally"? :cool:
My wife tells me a well respected morning TV show host/economist this morning said that he had been calling this correction for the past 4 weeks.. well done Big Fella... :) you've got the early morning housewives eating out of your beknighted palm...
might just be time to get the long strides back from the dry-cleaners ;)
Cheers
..........Kauri
 
My wife tells me a well respected morning TV show host/economist this morning said that he had been calling this correction for the past 4 weeks.. well done Big Fella... :) you've got the early morning housewives eating out of your beknighted palm...
might just be time to get the long strides back from the dry-cleaners ;)
Cheers
..........Kauri
Well, going by that 4 week knowledge, if you bought something like BHP at $39.60 4 weeks ago and held on to last Thursday when it hit $44.00 or so, that's an immediate 10% you would of missed out. I'm sure there's many other stocks out there with the same movement.

You know when the "well respected" commentators start to suggest the world is going to end and Satan himself will appear in the flesh to take all your shares, a crash is just around the corner ;) :rolleyes:

It hardly took a genius to see this coming, did it? Happens every few months, has been for the last few years, and every time we hit either a new record or rebound some 5-10% above those lows and retest the old record. Repeat cycle every few months, especially with this "sub prime" dribble which comes up every few hours it seems now.
 
My wife tells me a well respected morning TV show host/economist this morning said that he had been calling this correction for the past 4 weeks.. well done Big Fella... :) you've got the early morning housewives eating out of your beknighted palm...
might just be time to get the long strides back from the dry-cleaners ;)
Cheers
..........Kauri
On another thread a little while ago someone posted "Even a broken clock is right twice a day".
 
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.

Our economy would be a hole if labor had been in power.
 
Yep,

I got in first thing this morning, although I could have picked my stock of choice up a little cheaper than I did, it's an absolute bargain at this price..

Have to agree though, things don't look particularly heathy in general, I for one wouldn't be buying if I were playing the short term game..

Regards,

Buster
 
Well, going by that 4 week knowledge, if you bought something like BHP at $39.60 4 weeks ago and held on to last Thursday when it hit $44.00 or so, that's an immediate 10% you would of missed out. I'm sure there's many other stocks out there with the same movement.

You know when the "well respected" commentators start to suggest the world is going to end and Satan himself will appear in the flesh to take all your shares, a crash is just around the corner ;) :rolleyes:

It hardly took a genius to see this coming, did it? Happens every few months, has been for the last few years, and every time we hit either a new record or rebound some 5-10% above those lows and retest the old record. Repeat cycle every few months, especially with this "sub prime" dribble which comes up every few hours it seems now.

I agree cept this is not normal. A crash is a crash and this is not its like a muddled hanging or Chinese water torture...it just doses not want to end !!! I brought in today like an idiot but you know to answer the thread question there are a lot of people that will still run when the Dow fails (they may even have their software configured that way) So keep money in pocket till Sat's Dow result. If good buy. This I believe will be a change of the economic guard and we all will realize that we are living in a global economy not necessarily reliant on the biggest economy in the world
 
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