Australian (ASX) Stock Market Forum

The official "ASX is tanking!" panic thread

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So highest quality blue chip stocks paying fully franked dividends at higher rates than the best fixed term interest rates in the highest interest rate paying country in the world are somehow over valued? According to what measure would that be?
To answer my own question. - Tomorrows opening stock price. - sentiment/panic in a bi polar crisis.
 
Tysonboss1 said:
Do you have a margin loan against your holdings, If not why stress. If your companies are sound and you have diversification forget about short term market movements.

I know right now it is hard, but it will pass.
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Agree with Tysonboss1

Dont worry it unless you buys speculative stuff
that doesnt generate +ve cash flow and have a pile of debt

Most solid business will still be around when the storm pass
these are the time to load up on rock solid business.

I havent sold any of my stock ..I am buying more...

some day when you collect the dividend cheques you
just shake your head, how on earth can someone let go
stock this cheap :)

one of the reason I can afford to buy more and more stock
and rarely sell any is I keep a portion of all my earning
that I never ever touch and I reinvest all dividend and
share I sold out for profit...

Read the a book called the Richest Man in Babylon.
if you follow his golden rules even if you made a few bad investments

here and there it's nothing compared to the earning you
can generate from compounding and consistent saving rate.

rain, hail, sun shine you you must keep a part of your earning
and invest wisely ....and you must not be tempted to eat its children early
as in dividend and capital gain, you reinvest and let it breads more
children and its children to work for you...

Once you get to a certain stage, it can generates more money than
you can spend ....now u can start eat the fruit of your labour
and it never run out...

dont be tempted by a quick return,
nothing beats consistentcy over a long period of time and the power of compounding...

Happy investing and relax, drink nice coffee, go for a walk in the bush, ride a bike around the lake :)
 
wayneL said:
Everything!... except Kalashnikovs :p:
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I guess that would make boeing a buy, metals? Rare earths, medical stuff, oil, boots explosives............................(surely not blue scope steel) better get busy tomorrow huh!?
 
notting said:
I guess that would make boeing a buy, metals? Rare earths, medical stuff, oil, boots explosives............................(surely not blue scope steel) better get busy tomorrow huh!?
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Just quietly ... i think this correction could be a good time to load up on oil.
 
RandR said:
Just quietly ... i think this correction could be a good time to load up on oil.
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MPO is one I'm nibbling on as we descend into the abyse.
It's a beautiful chart don't you think?

Ever met a rich chartist that isn't selling charting?
 
ROE said:
Happy investing and relax, drink nice coffee, go for a walk in the bush, ride a bike around the lake :)
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Lol. I love this post, brightens up the day. If you survived GFC I, you're match-hardened by now.:)
 
notting said:
MPO is one I'm nibbling on as we descend into the abyse.
It's a beautiful chart don't you think?

Ever met a rich chartist that isn't selling charting?
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Oh please! A line taken from someone trying to sell fundamental stock tips ferchrissake!

Can we just put that stupid cliche to bed? :rolleyes::rolleyes::rolleyes:
 
Respect for the Charts, the Fundamentals and the fear.

Sold my last stock held today and will not be trying to catch falling knives.

Time for a drink, feel much better.
 
Sorry about the cliche. It was a bit pathetic. Such a great thread till then.
Personally I respect charts, you have to, so many people follow them!:)
I like the sound of that Bolinger guy the one that looked at nature in things or what ever that was about.
Due to my psychological inadequacies and tendancy to be a Mr Scrooge, I find it almost impossible to buy stocks on their way up.
So the falling knife cliche is the only thing that works for me, personally, "Know thy self" - Sorry another one.
 
Oh look.

The basket case that is the Eurozone has used all that flammable gas expelled by the Gang of 7 to blast their sharemarkets on open to dizzy heights! Of course, this will now lead to a frenzied Bull attack on Wall Street overnight?

So, who bought up big on the close??

ASX up 150+ tomorrow??

:cool:

Uh-oh. 10 minutes is a lo-o-o-ng time in stock trading! Looks like the Eurorocket hit some unforeseen turbulence and is now in a wobbly spin after the French & German tailfins fell off... wonder where it might land?

Can the Spanish & Italian astronuts save it? Run aw-a-a-a-a-y....! :eek:
 
explod said:
Respect for the Charts, the Fundamentals and the fear.

Sold my last stock held today and will not be trying to catch falling knives.

Time for a drink, feel much better.
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A man after me own heart..

Cheers
............Kauri
 
No I didn't buy up big.
You know what they say.
"There are bold traders and old traders but no 'old bold traders'." Woops another one.:banghead:
(disclaimer - accept for the odd inspired moment, but that's not bold it's just obvious)
Where are my drugs
 
Hi all,

To all the people that all this is happening to them for the first time:

- don’t panic, stop and think, then stop and think again
- review your strategy for any flaws, if one of your holdings has revealed its weak fundamentals; swap it for one with stronger ones (minimum for the same amount in total dollars)
- remember: “buy on rumour, sell on news” and “be brave when everybody is fearful”. If anything, this is a time for buying. Most of the companies have just started to report earnings so the bulk of the selling is currently done on rumour and fear.
- Australia public debt to GDP is only 25%, for the USA, it is 100%, this is contagion, it will pass… guaranteed.
- if still scared, stop, go and read “The Intelligent Investor”, if still scared, then sorry… the stock market is not for you, wait for the rebound and sell everything and never come back.

Happy investing :D
 
littleshire said:
Hi all,

To all the people that all this is happening to them for the first time:

- don’t panic, stop and think, then stop and think again
- review your strategy for any flaws, if one of your holdings has revealed its weak fundamentals; swap it for one with stronger ones (minimum for the same amount in total dollars)
- remember: “buy on rumour, sell on news” and “be brave when everybody is fearful”. If anything, this is a time for buying. Most of the companies have just started to report earnings so the bulk of the selling is currently done on rumour and fear.
- Australia public debt to GDP is only 25%, for the USA, it is 100%, this is contagion, it will pass… guaranteed.
- if still scared, stop, go and read “The Intelligent Investor”, if still scared, then sorry… the stock market is not for you, wait for the rebound and sell everything and never come back.

Happy investing :D
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View attachment 43892panic.gif
 
barney said:
:D:eek::eek::confused:

Lazarus has returned ... lol

a) Enjoyed your posts previously:D
b) I have improved my trading substantially in your absence ;)
c) Are you back for long :confused:

Welcome back.
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Hi Barney ... Back until rehab cotton on that I have bolted and they round me up again.
:alcohol:

your trading was good as it was, , you gave me a few pointers.

Cheers
... Kauri
 
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