Stocks I'm watching are all in the red today

[Nortorious]

Hi folks,

I'm a newbie that's posted on a few other threads and also started one (this being my second). Wondering how everyone's stocks/prospective stocks are performing today?

All my prospective stocks are in the red this week, (were in the green last week)... is the market taking a battering overall or is it just the stocks i'm watching?

I'm not too concerned as I'm paper trading at the moment and my investments will be long term in nature once it comes time to enter the market. How do people see the market performing over the next say 6-12 months, in particular the ASX200?? A few members have mentioned they are sitting on cash to see what happens so my thinking is to follow these wise ones and wait before entering the market with my capital.

Interested to hear your thoughts.....

 

[cutz]

Wondering how everyone's stocks/prospective stocks are performing today?

Yeah great,

One thing that would really cap off the week would be 4750 tommorrow and 4700 on the open the day after.

 

[skc]

All my prospective stocks are in the red this week, (were in the green last week)... is the market taking a battering overall or is it just the stocks i'm watching?

The ASX200 is down 1.5%... I hope your question is rhetorical?

 

[Nortorious]

The ASX200 is down 1.5%... I hope your question is rhetorical?

Yeh it is....

Any reason why the ASX200 has dropped so much today?

 

[bathuu]

In my eyes, they have been discounted very nicely.

 

[Julia]

Yeh it is....

Any reason why the ASX200 has dropped so much today?

Do you read/listen to the news? Including that a major ratings agency has downgraded America's credit outlook?
http://www.abc.net.au/news/stories/2011/04/19/3195358.htm?section=business

Then what do you think might be the effect on markets of the mess right here in Australia politically with the carbon tax fiasco, NBN being anything but straightforward, the fight with Defence just to name a few balls the government has in the air and which they are failing to manage with even the smallest degree of competency?

 

[robz7777]

Yeh it is....

Any reason why the ASX200 has dropped so much today?

Fear, bad news about Greece and Portugal came out yesterday which sent the US market down and now we are just following..

 

[nomore4s]

Yeh it is....

Any reason why the ASX200 has dropped so much today?

http://www.google.com/finance
http://www.heraldsun.com.au/busines...ter-debt-warning/story-e6frfh4f-1226041361840
http://www.heraldsun.com.au/busines...om-us-debt-worry/story-e6frfh4f-1226041431989

I know the newspaper links are only for the Herald Sun (in fact I haven't even read them) and it is probably not the best place to get finance news but it'll give you the gist of it all and I couldn't be bothered searching for more detailed info.

 

[Sugar Dunkaton]

http://lmgtfy.com/?q=Australian+Share+market+news

this might help you out now, and in to the future.

 

[Nortorious]

Do you read/listen to the news? Including that a major ratings agency has downgraded America's credit outlook?
http://www.abc.net.au/news/stories/2011/04/19/3195358.htm?section=business

Then what do you think might be the effect on markets of the mess right here in Australia politically with the carbon tax fiasco, NBN being anything but straightforward, the fight with Defence just to name a few balls the government has in the air and which they are failing to manage with even the smallest degree of competency?

Clearly not as closely as I should be!!!

 

[Country Lad]

All my prospective stocks are in the red this week, (were in the green last week)... is the market taking a battering overall or is it just the stocks i'm watching?

S&P downgrading the USA from AAA stable to AAA negative (outlook) might give you a clue why the US markets fell and we followed.

Cheers
CL

 

[robusta]

In my eyes, they have been discounted very nicely.

I am with you bathuu, as a long term investor I am constantly looking for good stocks getting beaten up on days like today.

 

[tech/a]

S&P downgrading the USA from AAA stable to AAA negative (outlook) might give you a clue why the US markets fell and we followed.

Cheers
CL

CL that YOU??
X Cairns?

 

[Country Lad]

CL that YOU??
X Cairns?

G'day John, been a while.

 

[tech/a]

Sure has
All good I hope.
Still trading---still in business?
Must look you up when next in town.
Better still when down here (We dont get rain or cyclones) let me know -- there is an apartment with your name on it!!

Back on topic.
Mine were nicely in the red.
short indexes has its benefits!

 

[Nortorious]

Good news guys, green is showing all over my screen today (so far anyway). I read the Wall Street Journal this morning on what the US Market did last night to see how that recovered from the AAA rating stuff. I suspect the Aussie market will have a similar day?

I like the posts regarding the discounted shares! Certainly a good mind set. If only I had capital for short term trading.... Sticking to long term strategy (although the excitement of trading is enticing) until I have more investment capital available (then I might go a 70% long term/30% short term split).

 

[tech/a]

Good news guys, green is showing all over my screen today (so far anyway).

Gee thats a relief!

 

[Nortorious]

Gee thats a relief!

Haha tech/a..... for a novice like me, seeing the market move so much on sentiment is a great learning experience and part of getting the "emotions" in check before I put my hard earned dollars on the line.

Thanks to all the wiser ones that told me to "relax sunny!".

 

[tech/a]

Haha tech/a..... for a novice like me, seeing the market move so much on sentiment is a great learning experience and part of getting the "emotions" in check before I put my hard earned dollars on the line.

Thanks to all the wiser ones that told me to "relax sunny!".

The problem is that when you DO put your hard earned into the market---those emotions you thought you had/have control of ---no longer play by the rules.

Hard experience has shown to me that those who run business have a better understanding and those who trade within their comfort zone IE a $20K account and a nett worth of 250K + or $$100k with nett worth of a Mill.---you get the idea.

If your trading with $10k and thats your whole lifes savings---your just not going to get those emotions in check.

I dont know your circumstance but using
hypotheticals only.

 

[Nortorious]

The problem is that when you DO put your hard earned into the market---those emotions you thought you had/have control of ---no longer play by the rules.

Hard experience has shown to me that those who run business have a better understanding and those who trade within their comfort zone IE a $20K account and a nett worth of 250K + or $$100k with nett worth of a Mill.---you get the idea.

If your trading with $10k and thats your whole lifes savings---your just not going to get those emotions in check.

I dont know your circumstance but using
hypotheticals only.

Thanks tech/a, your perspective definitely highlights a number of important things to me. Obviously my resilience, attitude and commitment (amongst other things) will be tested once I decide to invest/trade.

You will be glad to know that I'm not risking my whole life savings!!!