Australian (ASX) Stock Market Forum

Let the bargain hunting begin

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Faramir said:
I missed out yesterday. I was waiting for CCP to drop more. CCP went up today. Now it is out of my range. BOQ - I was expecting it to go lower. I am starting to change my feeliungs about BOQ. I can't describe what it is but I no longer have the urge to buy it. I can't explain why? There are other shares to consider but I decided to hold off. I can't explain why? Is this 'Beginner's Hestitation'?
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What is your rationale for buying CCP and BOQ?

What entry price were you looking for? Why?

How long were you planning on holding for? What price would you sell at?

If you have a think and reply here, some experienced members will be able to help you solidify your conviction.
 
Faramir said:
I missed out yesterday. I was waiting for CCP to drop more. CCP went up today. Now it is out of my range. BOQ - I was expecting it to go lower. I am starting to change my feeliungs about BOQ. I can't describe what it is but I no longer have the urge to buy it. I can't explain why? There are other shares to consider but I decided to hold off. I can't explain why? Is this 'Beginner's Hestitation'?
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I think CCP were at their lowest earlier in the week, i got some at $9.24, i have had the on my watch list for quite a while and was just waiting for a drop like this to get a piece of this company.

Sometimes hesitation is your subconcious, go back over your research and see if you really want to own a piece of BOQ. If you understand the business and want it then a few cents either way is neither here nor there.
 
At this stage BOQ looks bullish to me and it is not late to enter. I expect it to rise towards $13.5-14 area in the coming months. Only the brake lower 11.46 will turn this scenario very bearish so at this stage profit/loss ratio is not very good-by buying now you take a risk of almost $0.70 with an expected min profit of $1,5. Is it worth?

boq.jpg
 
Hi Herzy

I normally like to announce my target/purchase price after I brought them. So it is okay that I do not mention it. I don't think anyone would mind because my opinion/target is just a beginner's opinion.

CCP - Great company, good cash flows. Hope to hold long term.
Reasons are stated in this thread:
https://www.aussiestockforums.com/forums/showthread.php?t=3338&page=27&highlight=ccp

BOQ - Great bank, looking to hold long term, todays profit announcement was expected.
Reasons stated here:
https://www.aussiestockforums.com/forums/showthread.php?t=955&page=5&highlight=boq
and here:
https://www.aussiestockforums.com/forums/showthread.php?t=28300

As I said, I am changing my feelings about BOQ and I can't explain why. If I could , I would tell you right now.

Lots of experience contributors have given me so much feedback already in the short time I have been here. I even said thank you:
https://www.aussiestockforums.com/forums/showthread.php?t=28819&highlight=demi+gods
 
rimtas said:
At this stage BOQ. Is it worth?
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This is something I can't explain. At current price: no. Long term: no? I feel I need to do more research.

Galumay, I was on volunteer patrol on the beach on Monday (Public Holiday). I would have been tempted or even hit the buy button for CCP if I wasn't on the beach.
 
Hi Faramir,

Glad to see you've had positive experiences on the forum. I was basically getting at what Gaumay said - if you're holding for the long term, a few % make very little difference. I wouldn't sweat the 10c you lost on CCP if you're hoping to gain $2 down the track.

That said, of course you should do what feels right for you. If you think it'll dip further, or it's over priced, of course - don't buy. If you're not convinced BOQ is a good buy, then don't! As ROE often says, the great thing about the market is that it always gives you more and new opportunities. Never worry about what you missed out on, just look for the next one and wait for the right one.

All the best
 
herzy said:
Feel free to ignore me if you think my comment inappropriate, but I'd be wary of investing in a way that impacts your cash-flow. No matter how good your investments, insufficient cashflow brings many unstuck! (i.e. being forced to sell at the wrong time due to wages needing to be paid). I'd advise making sure you have a buffer in cash to avoid being forced to sell at a less than ideal time.
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Herzy

Thanks for your concern.

My current personal cashflow buffer is my mortgage offset account of my PPOR. My PPOR is completely paid off, and the cash buffer is about ~65% LVR. So the funds what I used to pay into my mortgage ($2,000/week) generally go straight to my 'play money' account.

Over the past month, we have experienced a very large job, so me, being the conservative I am, just holding back on those funds just making sure we get through ok. The Client is a Blue Chip mine, and they pay on time, every time - so I know the cash is coming. Again, being the conservative I am, I have no business debt, and rely purely on cashflow of the business - so I plan whats coming in and going out generally 60-90 days ahead ayway - so I feel I know what Im doing. I will then revert back to punching into my play money account.

It was just very unfortunate this little dip happened when I didnt have much 'free' money available. I could have used some offset funds if I wanted, but I dont feel that I need to incur interest at this time. Who knows, I might have a bit in 30 days and 90 days and the market might be dipped again - who knows?

My stategy is to accumulate, not buy and sell generally - so when I purchase, it is in the view longterm. I will only use funds that I can afford to leave untouched.

Hope that makes some more sense?


pinkboy
 
well if you were looking for "bargain", you will probably be happy today!!!!
personnaly not that keen to invest in any share today, I was initially expecting the plunge in december but it came earlier and i do not expect the trend to change untill next year
bargain cash for me.
Not ready to jump back yet
 
rimtas said:
At this stage BOQ looks bullish to me and it is not late to enter. I expect it to rise towards $13.5-14 area in the coming months. Only the brake lower 11.46 will turn this scenario very bearish so at this stage profit/loss ratio is not very good-by buying now you take a risk of almost $0.70 with an expected min profit of $1,5. Is it worth?

View attachment 59772
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So, if I understand correctly, the All Ords is going to 1,000 but BOQ will buck the trend?
 
McLovin said:
So, if I understand correctly, the All Ords is going to 1,000 but BOQ will buck the trend?
Click to expand...


Yeaaaa...some people just can't see time frames on a two different charts, and even like to to think that market will go(if) to 1000 in a straight line and overnight. A classic example of ordinary linear thinking.
 
rimtas said:
Yeaaaa...some people just can't see time frames on a two different charts, and even like to to think that market will go(if) to 1000 in a straight line and overnight. A classic example of ordinary linear thinking.
Click to expand...

If I was making such ridiculous assertions that the market *might* get to 1,000 I'd be putting my money as far away from any risk asset (especially anything to do with banks!) as possible. Clearly you have impeccable timing.
 
galumay said:
Bargain bin is on again today!!
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Mine aren't really getting much cheaper

I bought NAB already, and it hasn't dropped enough to average down.

I would like to see SGH (I like their recent acquisitions), BRG, CCP, AAD and IMF a bit cheaper...or at least, I feel like they could get a bit cheaper...
 
herzy said:
Mine aren't really getting much cheaper

I bought NAB already, and it hasn't dropped enough to average down.

I would like to see SGH (I like their recent acquisitions), BRG, CCP, AAD and IMF a bit cheaper...or at least, I feel like they could get a bit cheaper...
Click to expand...

I set to buy NAB @ $31.78 (1c higher than yesterday's lowest), and go figure on open gets as low as $31.80 and goes up 1% from there. Just wasn't to be. Was only a small parcel anyway, so I shouldn't be worried about a few cents here and there, but I set the buy up if it got low enough to warrant a purchase. Lets try again Monday!


pinkboy
 
Julia said:
If the market drops another few hundred points in the near or medium term future, will today's purchases still be bargains?
Click to expand...

I sort of covered that already, I pointed out earlier that I had bought in a bit early and missed the exact bottom (where ever that ends up), but it doesnt matter because I am buying part ownership of profitable, low debt and well managed businesses, with a view to owning them for a long time and recieving an income stream for my trouble.

So if the market drops another few hundred points, or goes up 500 points next week for that matter, I will remain happy with my decision to become a part owner at that time.

The term 'bargain' was a bit tongue in cheek and reflective of the thread title, at the end of the day falls in the market provide better buying opportunities in relative terms.

I guess for traders and speculators who see shares as just a commodity with a variable price, then the outlook and response may be very different?
 

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