Agree with everything in this post. I have absolutely no idea with junior miners, and it's such a shame (for me) that SH's valuable and thorough research is into these - I'd love you to look into other stocks! Unfortunately, I find other companies much easier to valuate, and haven't run out of them yet and so haven't needed to turn to the miners (which I utterly don't understand). This is the reason you may feel a lack of reciprocity, but I guarantee if you cover other stocks I will be reading with great interest.
Level of participation in stock threads
- Thread starter Joe Blow
- Start date
Agree with everything in this post. I have absolutely no idea with junior miners, and it's such a shame (for me) that SH's valuable and thorough research is into these - I'd love you to look into other stocks! Unfortunately, I find other companies much easier to valuate, and haven't run out of them yet and so haven't needed to turn to the miners (which I utterly don't understand). This is the reason you may feel a lack of reciprocity, but I guarantee if you cover other stocks I will be reading with great interest.
springhill
Make the drill work for YOU
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Your post is very much appreciated, but 'thorough research' may be overstating my contribution
Some of them are just straight copy and paste. 80% of the stocks I post on I have absolutely no interest in, but still form an opinion on from reading through them, I just don't think they warrant in depth analysis. If I am reading the announcement it doesnt take long to post the info. I also post it if in the future I do become interested, I have a quick reference instead of researching from scratch all over again. If others benefit from this, it's a bonus that makes me happy.Best I stick to what I know, there are many, many, many more qualified members to comment on stocks higher up the food chain
All the best mate.
tech/a
No Ordinary Duck
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Pretty simple explanation
Bull market heaps of activity anyone and everyone can turn a profit
No matter how badly you trade.
Bear market very few make a profit and most who post opinion expose
Their in ability to survive in bear markets so disappear.
Bull market heaps of activity anyone and everyone can turn a profit
No matter how badly you trade.
Bear market very few make a profit and most who post opinion expose
Their in ability to survive in bear markets so disappear.
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Ali Moore: "Are you ready to call the bottom. Charlie Aitkin called the bottom earlier this week"
Marcus Padley: "This is the second time Charlie has called the bottom. Show me a chart in six months time, I'll show you the bottom."
Not an exact quote from Lateline Business,
'Twas a long time ago, but I remember because it resonates with me!
Marcus Padley: "This is the second time Charlie has called the bottom. Show me a chart in six months time, I'll show you the bottom."
Not an exact quote from Lateline Business,
'Twas a long time ago, but I remember because it resonates with me!
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Hi burglar, I meant to put over a fact that it's taken me all this time to achieve being bored
by investing. We are in this to make money and, I believe, cut our losses -- it's so easy to not believe a $1 stock cannot go down to 10c because cash in the company is worth 20c and all those assets including shares are worth another 30c -- YES IT HAS HAPPENED and can only be avoided with stop losses and for those who need a stick of dynamite to make them sell, limit orders to force them out - myself included.
If you are losing, a bit of 'masterly inactivity' is called for and if you love investing there may well be the smell of burnt brake linings, so to speak.
If I hadn't shorted stocks halfway through 2011 I'd be in the financial graveyard by now. I switched countries and shorted footsie 100 stocks for seven months and wiped out my first half losses in 10 weeks. Just investing in Australia with the powerfully strong Aussie has been disastrous as the ASX 200 should be around 5,600 to 6,000. Why not, well foreigners are cashing in by having Aussie$ and Canadian$ cash accounts and reaping high dividends increasing as the AUD mounts in value.
That stock you hold that fell from $1 to 80c is down 20% for you and up by 60% or so for most foreigners over five years, not Canadians of course.
I think, Aussie interest rates need to fall to 0.5% and mortgage rates to 3% for at least 5 years. UK is at 0.5% about to fall to 0.25% and States 0.25%. Switzerland is at negative interest rates.
Not the politicians that fix rates in Australia, UK and USA I know, so maybe the plot has been lost a bit with that.
springhill
Make the drill work for YOU
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You don't have to have a financial interest in a stock to be; interested in analysis/post/maintain a thread. When the wheel turns positively (whenever that may be) those that sat idle on the sidelines doing nothing will suddenly be interested in; others opinions, recent announcements, in depth analysis.
Information is power. Negatively or positively.
Will you be the one who has the edge on others because you took the time when sentiment was against you, while others lost interest?
Does there need to be a personal stake involved for people to be interested?
Information is power. Negatively or positively.
Will you be the one who has the edge on others because you took the time when sentiment was against you, while others lost interest?
Does there need to be a personal stake involved for people to be interested?
Julia
In Memoriam
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What? You can't compare the Australian robus economy with those others you have quoted.
There is no justification for such a massive drop in Australian interest rates.
CanOz
Home runs feel good, but base hits pay bills!
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Depends on how much 'jingle mail' the banks start getting as unemployment goes thru the roof!
CanOz
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Well, it is a two speed economy, so we are told.
And the mining boom is ending (or so we are told)!
Do we all believe what we are told?
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Julia you partly misread my post: I take it you did not mean to include Switzerland thought to have the world's strongest currency and negative interest rates for foreigners investing. So although Australia is more a resource power house rather than a banking power house, and based in the Far East, there are none-the-less parallels to be drawn.
Australia's Government are bashing up the already crippled mining industry whilst Switzerland continues to build up their International banking base.
High interest rates are making the Aussie stronger and stronger. If interest rates were 0.5% that would help industry and reduce the value of the disastrously overvalued AUD.
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Noirua, it is not sensible to talk about "bashing up" the mining industry. Miners make 30% of all company profits in Australia, but pay only 15% of all company tax. The Gillard Government has indeed messed up its mining taxation policy - it has been far, far too lenient on this greedy industry which is sucking the rest of the country dry and not paying anything like its fair share. The recent cyclical mining mania has pushed up the cost of skilled labour, increasing costs for all other businesses and lowering our overall national productivity; has not contributed in any way to the vital task of training the Australian workforce(only whinged about not being allowed to import even more cheap Chinese or Indian labour); and has pushed the value of the Australian dollar up way, way past where it should be for economic health. It is a national tragedy that the weak and gutless Kevin Rudd completely failed in his half-hearted attempt to redress the balance by making the miners pay their way (instead of paying only half as much as all other industries) and, as a very welcome side-effect, moderate the explosive and unsustainable growth of the mining industry to the great benefit of the rest of Australia.
Now that the mining bubble has finally begun to deflate, we have another difficulty to deal with: interest rates are still way, way too high. Because Australia is a strong, stable economy, international investors are borrowing overseas (at almost zero cost) to invest in Australian assets, in particular treasury notes. (Right now 85% of all Commonwealth treasury bonds are held overseas!) This is why the exchange rate continues to stay so high.
The Reserve Bank is completely independent of the government. The RBA makes its own decisions re interest rates, and governments have nothing to do with it - both Howard and Keating, as examples, were horrified when the RBA mandated increases in interest rates shortly before elections. The RBA simply ignores what politicians want and does as it sees fit. And, in the last year or two, the RBA has consistently got interest rates wrong, keeping them much too high. This forces the AUD to stay overvalued, and cripples several of our moswt critical industries. Tourism, agriculture, retail, manufacturing, and anything that sells overseas or competes against imports suffers.
Now that the mining bubble is deflating, we need to look to these much-battered industries to provide our growth and income. Or at what's left of them.
I'm not by any means sure that your suggested 0.5% would be a sensible interest rate for Australia - I think you go too far there - but somewhere around half of the present rate would be a vast improvement on the current dreadful mess. These very necessary cuts can start now and be staged in gradually over the next six months or so. And I most certainly agree with you that interest rates must go down. The only question is whether the RBA will start lowering rates now (and just maybe rescue the enormous non-mining part of the economy while it still survives, and thus pave the way for good times ahead) or wait another year or so until the situation is really dire and the RBA actions are too little and too late.
With the mining bubble finally (almost!) under control now, and with the AUD returning to a more sensible middle-of-the-road figure like (say) US$0.90 (asuming that we do indeed get the badly needed interest cuts), we can all look forward to some sustained good times and happy investing as the fundamentally sound Austraian economy powers ahead, and we will see a lot of positive participation here on Aussiestockforums .... but only if we can finally get the exchange rate madness sorted!
Now that the mining bubble has finally begun to deflate, we have another difficulty to deal with: interest rates are still way, way too high. Because Australia is a strong, stable economy, international investors are borrowing overseas (at almost zero cost) to invest in Australian assets, in particular treasury notes. (Right now 85% of all Commonwealth treasury bonds are held overseas!) This is why the exchange rate continues to stay so high.
The Reserve Bank is completely independent of the government. The RBA makes its own decisions re interest rates, and governments have nothing to do with it - both Howard and Keating, as examples, were horrified when the RBA mandated increases in interest rates shortly before elections. The RBA simply ignores what politicians want and does as it sees fit. And, in the last year or two, the RBA has consistently got interest rates wrong, keeping them much too high. This forces the AUD to stay overvalued, and cripples several of our moswt critical industries. Tourism, agriculture, retail, manufacturing, and anything that sells overseas or competes against imports suffers.
Now that the mining bubble is deflating, we need to look to these much-battered industries to provide our growth and income. Or at what's left of them.
I'm not by any means sure that your suggested 0.5% would be a sensible interest rate for Australia - I think you go too far there - but somewhere around half of the present rate would be a vast improvement on the current dreadful mess. These very necessary cuts can start now and be staged in gradually over the next six months or so. And I most certainly agree with you that interest rates must go down. The only question is whether the RBA will start lowering rates now (and just maybe rescue the enormous non-mining part of the economy while it still survives, and thus pave the way for good times ahead) or wait another year or so until the situation is really dire and the RBA actions are too little and too late.
With the mining bubble finally (almost!) under control now, and with the AUD returning to a more sensible middle-of-the-road figure like (say) US$0.90 (asuming that we do indeed get the badly needed interest cuts), we can all look forward to some sustained good times and happy investing as the fundamentally sound Austraian economy powers ahead, and we will see a lot of positive participation here on Aussiestockforums .... but only if we can finally get the exchange rate madness sorted!
springhill
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:topic take it to the appropriate thread
Julia
In Memoriam
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+1.
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I cant find the thread named 'Appropriate Thread' nor the thread that is appropriate. I think you may have cut short the excellent run of posts. I remember a comment by the administrator on Motley Fool that said how easy it is to kill a thread off.
springhill
Make the drill work for YOU
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https://www.aussiestockforums.com/forums/showthread.php?t=25243&p=722478#post722478
There you go mate it's all yours.
Timmy
white swans need love too
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Enough.
There are currently 18,000+ threads on ASF, about all different stuff.
This thread is for:
Get this thread on topic please.
Thanks.
There are currently 18,000+ threads on ASF, about all different stuff.
This thread is for:
Hi folks, I have noticed that the level of posting in stock threads has slipped somewhat in recent times and I would like to urge everyone to please consider participating a little more regularly in discussions on various stocks.
The more everyone contributes, the more stock discussion we will see, and the fresher and more dynamic the stock threads will become. By updating the threads of stocks on your watch list with news, analysis, and relevant information, you will be helping to bring these companies to the attention of others. This will generate increased interest, additional research, and more discussion.
Let's see if we can get some more stock chat happening!
Get this thread on topic please.
Thanks.
springhill
Make the drill work for YOU
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Sorry mate (and to you noirua, nothing personal) my 2 cents didnt help, staying on topic from now on.
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I'm finding it hard to keep up.
There are so many, ...
Each one has so much going on!
It's not so much in the reading.
But there is the history,
... the charts,
... forming an opinion.
All that before one can post a reply.
From now on I will still do a few.
Ones I hold near and dear.
There are so many, ...
Each one has so much going on!
It's not so much in the reading.
But there is the history,
... the charts,
... forming an opinion.
All that before one can post a reply.
From now on I will still do a few.
Ones I hold near and dear.
springhill
Make the drill work for YOU
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I am afraid I will have to join you in this thinking mate. I cant keep spending 3-4+ hours each night covering 20+ stocks only to have 0-1 posts in reply total the next day.
I still want to be a big contributor, but in a more targetted approach.
Time is money and I need a return on both.
Mostly posting on those I have an opinion on now, but every now and again will throw up new information in random stocks.
It has been fun rattling through numerous stocks though, and ive picked up alot of info. That's what it's all about
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I am afraid I will have to join you in this thinking mate. I cant keep spending 3-4+ hours each night covering 20+ stocks only to have 0-1 posts in reply total the next day.
I still want to be a big contributor, but in a more targetted approach.
Time is money and I need a return on both.
Mostly posting on those I have an opinion on now, but every now and again will throw up new information in random stocks.
It has been fun rattling through numerous stocks though, and ive picked up alot of info. That's what it's all about
I think you've hit the nail on the head there S/H ....... for the average trader to keep up with the quantity of posts you have been putting up, they would need a lot of "spare" time .... most people are time poor ... and possibly don't have a lot of "dry powder" to throw around considering the current Spec climate.
Perhaps a filter such as "Market Cap divided by available Cash is equal to or greater than 40%" might narrow down the field, and eliminate a lot of the time/work you are spending/doing when choosing whether to consider further investigation of a Spec play?? Just a thought
