Australian (ASX) Stock Market Forum

Predictions for ASX Opening Tomorrow

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Real1ty said:
OR possibly the ignorant have their eyes closed.:eek:
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Sometimes the best things happen when you lie back and close your eyes, relax and see what the world has to offer. Sometimes it is better than the hustle and bustle of the "other" world. Today is a good day to go fishing.
 
If it drops another 100 or so over this week, there will be some very serious bargains to be had, and im not talking about top 50... some stuff is starting to look pretty cheap just like it did mid year...that was brilliant back then for cheap stock.
 
nioka said:
Sometimes the best things happen when you lie back and close your eyes, relax and see what the world has to offer. Sometimes it is better than the hustle and bustle of the "other" world. Today is a good day to go fishing.
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No doubt about that.

But you are calling members lemmings and having no respect for their point of view.

You might be right, who knows but one thing i do know is the profits i locked in yesterday are real and can't be taken away from me, until the tax man has his share, can you say the same?

Time will tell, as it always does.
 
nioka said:
Sometimes the best things happen when you lie back and close your eyes, relax and see what the world has to offer. Sometimes it is better than the hustle and bustle of the "other" world. Today is a good day to go fishing.
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Alright Nioka, you're happy because of AGM, that's fine. However, the majority of us (who are long) are anything but happy (unless using this as a buying op), & aside from CSL I can't find a single stock that's in the green (AGM seems to be bobbing up & down).

I don't think anyone anticipated AGM being pursued yesterday, & I don't think it was any kind of miraculous skill. However, if it had not happened - value or no value, AGM would have gotten hammered yesterday a long with everything else. No one can say what value is, not today, not tomorrow - the market has gone to hell lately, & of course it matters to investors what current prices are; people on occasion do need to pull out emergency funds for one reason or another, people may be retiring in a few years, & to see their Super fund dip 10% in a matter of days is very painful.

I'm very happy for you mate with regards to AGM, but please understand that not everyone was as lucky as you! :D

I am of course not selling, not at these prices - in my opinion a lot of stocks are vastly undervalued at the moment, but that means absolutely squat.
 
Real1ty said:
No doubt about that.

But you are calling members lemmings and having no respect for their point of view.

You might be right, who knows but one thing i do know is the profits i locked in yesterday are real and can't be taken away from me, until the tax man has his share, can you say the same?

Time will tell, as it always does.
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I agree. There's no need to "potty mouth" those that don't share the same strategy as you do. At the time of my typing this post the market is 2.6% down and counting. I don't doubt there are opportunities for bargains, if and when the selling stops.

At this stage my "lemmings" strategy has given me OVER 10% more capital that it otherwise would have.
 
nioka said:
Lemmings active again I see.
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There appear to be a number of myths about Lemmings.

The truth is that when the time is right, many just get the hell out of Dodge and set up somewhere else. It's not mass suicide as proposed by legend, but rather, mass survival. ;)

Go Lemmings! :D:D
 
nioka said:
There are as many myths about the share market as there are about the lemmings. The problem is seperating the myths from the facts.
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I know one myth I can dispel: Lemmings don't trade stocks. ;)
 
wayneL said:
I know one myth I can dispel: Lemmings don't trade stocks. ;)
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Lemmings relate to the stock market in the form of computer generated stock loss triggers. The market has a small fall and it triggers some stop loss sales. This causes the market to fall more which triggers some more stop loss orders. Ditto, ditto, ditto. and there is the lemming factor.
 
nioka said:
Lemmings relate to the stock market in the form of computer generated stock loss triggers. The market has a small fall and it triggers some stop loss sales. This causes the market to fall more which triggers some more stop loss orders. Ditto, ditto, ditto. and there is the lemming factor.
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I should have added margin calls. When this sort of drop in the market occurs then margin calls become another lemming.
As this is on opening prediction thread can i suggest the lemming run is mostly over, except for the next Rams or Centro.
 
Haven't had a comment in here for a few days but tomorrow is gonna be a big one. Whats the feeling out there? Anyone got any good news?:eek:
 
You would hope that the asx will go up tomorrow.

I see a pattern forming:

Monday: opened down stayed down
Tuesday: opened up went down
Wednesday: opens up stays up :p:
 
I would say any bank that had exposure to Countrywide , should rise today , a good one too .

The only Bank that get good synergies from CW , could break this company up
that's Bank of America , there's other benefits related to the distressed investing . Pencilled in should be the catalyst . But I expect it to be the smart money in first ... this is still only a rumour !

Doesn't put the fantastic plastic lenders on the beach yet though .......
 
Was anyone else game to risk a punt on banks today ?

I've bought NAB back and some ANZ in the kids trust. Nothing huge , just a touch up with some fx residue .

I did ask if we would see a discount in trading costs per transaction .

They're going to get back to me , this could be good , or it couldn't either :D
 
Tomorrow is going to be a big one I suggest. Anyone got a feeling how far this bump is gonna go? Buying opportunity i guess but you gotta have money to do that!
 
Like a hot knife through butter, futures are already crushed 2.5%, not surprised if we end up at 5650.

Remember those days when the market couldn't stop going up?
 

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