Recovery or Dead Cat Bounce?

[wonderrman]

reduce assessable income and receive a refund

No you don't receive a refund if you register a loss on your income statement, the company is able to carry it over years to offset future profits, like other posters have said. The only time a company receives a refund, generally, from the tax office is when they have paid more GST then they have collected.

 

[Wysiwyg]

No you don't receive a refund if you register a loss on your income statement, the company is able to carry it over years to offset future profits, like other posters have said. The only time a company receives a refund, generally, from the tax office is when they have paid more GST then they have collected.

Yes I`m wrong. :crap: Net capital loss is rolled over/deferred and CANNOT be claimed against personal assessable income.

Apologies to all.

 

[Nyden]

Yes I`m wrong. :crap: Net capital loss is rolled over/deferred and CANNOT be claimed against personal assessable income.

Apologies to all.

Unless one is trading under a business entity, I believe? As the income drawn from said entity would be just that, income - and not capital gains. I could be wrong though :

 

[MR.]

I'm not a bear just realistic, I could just as well call the bulls reckless fools with no sense of risk.

BSL is at a real low point about now, it will go back up but not sure if I'll bother waiting, see how it goes, only bought 5000 of them so I'm not going to go broke or get rich either way.

Must say you don't deserve this on the first day.

Will say had the same urge as well.........

The majority of ANALYST RECOMMENDATIONS are averaging a HOLD on BSL if that is a help. Data is on Commsec. I am always wary of the "conflicts of interest."

You watch ABC news? Alan Kohler appears to me to think there is still further to fall. Also said on the news he believed it was a dead cat bounce. One of his comments I posted on your "I Predict" thread recently.

The last email to me from Eureka was on the 27/3 and the last lines said:

With the latest US rescue plan raising expectation and confidence in the market I hope to see you with us during what should be a good April.

Best Wishes,

Alan Kohler

Appears for everyone to buy now only to sell again at months end?

 

[MrBurns]

Must say you don't deserve this on the first day.

Will say had the same urge as well.........

The majority of ANALYST RECOMMENDATIONS are averaging a HOLD on BSL if that is a help. Data is on Commsec. I am always wary of the "conflicts of interest."

You watch ABC news? Alan Kohler appears to me to think there is still further to fall. Also said on the news he believed it was a dead cat bounce. One of his comments I posted on your "I Predict" thread recently.

The last email to me from Eureka was on the 27/3 and the last lines said:

With the latest US rescue plan raising expectation and confidence in the market I hope to see you with us during what should be a good April.

Best Wishes,

Alan Kohler

Appears for everyone to buy now only to sell again at months end?

Only bought BSL as I am bored, now I'm still bored watching it go down the drain.

I subscribe to Eureka Report too and from what I've seen in all these newsletters over the past 12 months they dont seem to know a lot but SOUND very clever.

I still think there HAS to be a great fall somewhere along the line I just cant believe we will walk away from this without a lot of pain.

 

[nomore4s]

I subscribe to Eureka Report too and from what I've seen in all these newsletters over the past 12 months they dont seem to know a lot but SOUND very clever.

lol, it's all about selling to subscribers.

I still think there HAS to be a great fall somewhere along the line I just cant believe we will walk away from this without a lot of pain.

We haven't already had some serious pain?

For me I don't see anywhere near the doom & gloom the bears have so far predicted in the real world especially in Aust. All we have seen so far is a mild recession but the stock market has priced in something alot worse, something along the lines of what we have seen in the US, with banks under pressure, house prices getting smashed etc but we have not come close to this in Aust so far.

Not saying we won't see this happen here but atm our economy is actually holding up reasonably well, and until we do see some signs of further deterioration I think we will see some strength in the stock market.

 

[Glen48]

Swan tells us we will come out of this better than ever...seems to me our rates are about the highest in the World.3.25% so every thing is strong but under that things are crook, top line cars are being sold an 15 per day up from 15 per week, some with out keys suggesting they have been towed away ( think how much it would cost to re key a Roller of Lexus??) RV's you can get 150K of a 700K model, a Brisbane boat yard had their boats auction off, more bad news in mining so I reckon we are about to start a depression in a rush steal your self MR. B...wait you already have.
Dateline last night some white House Yank claims Rudd is smarter than what we usually send over so I feel better now.

 

[Aussiejeff]

For me I don't see anywhere near the doom & gloom the bears have so far predicted in the real world especially in Aust. All we have seen so far is a mild recession but the stock market has priced in something alot worse, something along the lines of what we have seen in the US, with banks under pressure, house prices getting smashed etc but we have not come close to this in Aust so far.

Not saying we won't see this happen here but atm our economy is actually holding up reasonably well, and until we do see some signs of further deterioration I think we will see some strength in the stock market.

Perhaps you should mull over psychic's insightful graph at post #232. That 2007-09 "thin blue line" tick-up looks like a classic dead-cat to me. See how it's tracking the '30's depression line pretty well? Then tell me you think there couldn't be significant further downside in the short to medium or even longer term?

Wishing some *Extra* good luck to those of you still in the punt...

 

[MrBurns]

Whatever may happen I wish it would just get on with it, as things are we're stuffed, cant invest in anything, even money in the bank is a waste of time.

 

[nomore4s]

Perhaps you should mull over psychic's insightful graph at post #232. That 2007-09 "thin blue line" tick-up looks like a classic dead-cat to me. See how it's tracking the '30's depression line pretty well? Then tell me you think there couldn't be significant further downside in the short to medium or even longer term?

Wishing some *Extra* good luck to those of you still in the punt...

That's the thing AJ, we haven't seen anything like the 30s depression yet. In fact alot of people have never been better off, low interest rates, government grants etc.

This may well be nothing more than a dead cat bounce - we have yet to even break the down trend as per the chart I posted earlier. And I also never said there couldn't be significant downside from here.
But I'm trading the market not what might or might not happen in the economy from here and I have been long since late Feb when I stopped getting any short signals, and it has been very profitable - I still haven't got many sell signals on my open trades and only have 1 short trade open and my risks are well under control for the moment.

Don't let your bearish bias blind you.

 

[MrBurns]

Speaking of Govt grants, Rudds popularity is at an all time high, funny how that coincides with cheques arriving in the mail.

Expect more of that just before the election.

 

[MR.]

Whatever may happen I wish it would just get on with it, as things are we're stuffed, cant invest in anything, even money in the bank is a waste of time.

Still think it's going to be drawn out. That is just how it is going to be. Too many people still blowing the leverage trumpet hoping to make money out there. The pain is really yet to come....

Nomore4's, I find myself still waiting waiting....... It's awlful. Perhaps my punishment for this tact will be "to be left behind."

Perhaps need to go away I think for a while.

 

[jonojpsg]

Yes I`m wrong. :crap: Net capital loss is rolled over/deferred and CANNOT be claimed against personal assessable income.

Apologies to all.

I know I'm propagating this off-thread discussion but in another thread, it was posted that the ATO is treating CFDs as assessable income. I have rolled over most of my trading into CFDs rather than shares over the last year so will be claiming any net losses I have against my income. That's just my position so BEWARE!!

 

[korrupt_1]

I know I'm propagating this off-thread discussion but in another thread, it was posted that the ATO is treating CFDs as assessable income. I have rolled over most of my trading into CFDs rather than shares over the last year so will be claiming any net losses I have against my income. That's just my position so BEWARE!!

just to keep it OT...

My CFD gains/losses are accounted as taxable income. I guess for me, it's the 'repetition' parts that gets me... average anywhere between 1-10 round-trip trades/day...

 

[korrupt_1]

what's the view now?

Recovery or Dead Cat?

I'll like to see what happens when it hits 3700-3800 range... if it puts in a higher high followed by a higher low, there's a chance that the lows would have been made...

from my analysis, 3800 looks to be stiff resistance and significant level to overcome.. if a higher high happens above that level... hmmm... is that light at the end of the tunnel i can see????

 

[Beej]

It's very interesting though that after breaking through the 3520 resistance that has now become a key point of support over the last couple of selling days..... This rally might have some legs in it yet I think?

Cheers,

Beej

 

[nomore4s]

The strength in the market today is amazing, I wonder if we will hold onto the gains though.

 

[nomore4s]

It's very interesting though that after breaking through the 3520 resistance that has now become a key point of support over the last couple of selling days..... This rally might have some legs in it yet I think?

Yes Beej it is interesting that 3500 appears to be providing support now. Refer my post below - I would still like to see consoildation between 3500-3700 before a break higher as this would give us more of a chance of a sustainable rally towards that 4300-4500 area.

From a charting perspective we're approaching some resistance at around 3700, will be interesting to see what happens in the next few trading days. A break through 3700 could bring 4300-4500 into play. A rejection of 3700 and failed support at 3500 could see us retest the lows.
I think we will see some consolidation under 3700 and then hopefully a break higher.

Also look at the volume and the effect it has had especially the really big vol, doesn't appear to be many sellers left atm.

 

[derty]

Well this dead cat sure is bouncing quite well, must be all bloated with gas. I hope no-one pokes it with a stick.

I'll be watching the 3750 level and if it holds above this I might stick a few toes in.

 

[MrBurns]

As soon as I get my money back from the latest Charlie Aitken dodgy tip, ie BSL I 'm out and staying out, only about a grand down at present from Friday.