Australian (ASX) Stock Market Forum

The official "ASX is tanking!" panic thread

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Telamelo said:
"Waterfall type" capitulation coming !?

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So I have to add

WATERFALL

to

CUP AND HANDLE
SHOE AND SOCK
AMBER AND JOHNNY

This is all getting too much for very much an amateur chartist who started off hand drawing support and trend lines to bear.

I will let my friend who is employed as a chartist at a large entity next St. Swithin's Day, when we meet of the Waterfall.

gg
 
Stockybailz said:
There keen, I guess that's why there got the big bucks. Me personally I wouldn't be buy just yet I think there's still more turmoil to come?
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more to come , sure , but WHEN , and there is a good chance financial transactions will be limited at the same time , ( under some excuse or other )

keeping SOME reserves ( and reduced debt ) is always sensible to me but after Cyprus and Greece my trust is the banking system is gone
 
Stockybailz said:
There keen, I guess that's why there got the big bucks. Me personally I wouldn't be buy just yet I think there's still more turmoil to come?
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The Billions in Berkshire shares are just the top of the ice berg, he has recently bought $51 Billion in other shares too.

I think he was a bit peeved he didn’t act quicker in the 2020 covid crash, but yeah they are buying up pretty decent amounts of stock.

https://www.forbes.com/sites/sergei...ket-shopping-spree-heres-what-hes-buying/amp/
 
Value Collector said:
The Billions in Berkshire shares are just the top of the ice berg, he has recently bought $51 Billion in other shares too.

I think he was a bit peeved he didn’t act quicker in the 2020 covid crash, but yeah they are buying up pretty decent amounts of stock.

https://www.forbes.com/sites/sergei...ket-shopping-spree-heres-what-hes-buying/amp/
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as a person who was buying in March 2020 , the problem is , knowing which places to look , now sure i got some good prices but probably missed twice as many AND the strong temptation is to keep SOME reserve cash , and also the temptation to move that extra few cents lower , then a few more cents lower , AND STAY CALM through all this noise and shifting numbers

there is a time to be greedy , but keeping control of that greed is HARD
 
divs4ever said:
as a person who was buying in March 2020 , the problem is , knowing which places to look , now sure i got some good prices but probably missed twice as many AND the strong temptation is to keep SOME reserve cash , and also the temptation to move that extra few cents lower , then a few more cents lower , AND STAY CALM through all this noise and shifting numbers

there is a time to be greedy , but keeping control of that greed is HARD
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Berkshire has plenty of cash reserves, they were sitting on over $200 Billion in cash, and are generating about $500 Million a week in free cashflow, so that pile just keeps growing.

So Warren needs to deploy that cash some how, and right now he can do that more effectively than he could 6 months ago, things might continue to drop and he will continue to buy, it’s impossible to wait till absolute bottom before deploying when you are working with Billions, and missing the chance to deploy is a bigger risk than deploying a little early.
 
Value Collector said:
Berkshire has plenty of cash reserves, they were sitting on over $200 Billion in cash, and are generating about $500 Million a week in free cashflow, so that pile just keeps growing.

So Warren needs to deploy that cash some how, and right now he can do that more effectively than he could 6 months ago, things might continue to drop and he will continue to buy, it’s impossible to wait till absolute bottom before deploying when you are working with Billions, and missing the chance to deploy is a bigger risk than deploying a little early.
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well i am sitting on roughly $200 billion cash less than Berkshire , and am generating some income , but would still rather have the cash doing better than bank interest ,

IF i pick a bottom ( and have done it a few times ) i often end up with a part-filled parcel ( and annoyingly a sub-marketable parcel , so the bragging rights are dampened by the brokerage fees , it would have been cheaper by a couple of cents higher and get the full order )

but yes i tend to buy early , and if my target falls further , i am tempted to buy extra ( but then i buy in fairly small parcels , for that reason )

and yes i have been nibbling at selected stocks , but i think there is more down to come ... eventually

those Central banks are becoming expert can-kickers
 
There's a view that we are unlikely to get much of a lead from the US market until after June 30th.

Why?

The JP Morgan protected equity trade, essentially a collar/vertical in SPX options which will reset on quarterly option expiry which is June 30th.

It's kind of obvious that the long strike is at 3700, so the sp500 is pretty much going to pin to that level.

Nothing sinister in that (on this occasion) it is just the dynamics of option market makers Delta hedging their exposure.

Therefore it's unlikely that we get very much volatility on our index at all until then.

FWIW
 
wayneL said:
There's a view that we are unlikely to get much of a lead from the US market until after June 30th.

Why?

The JP Morgan protected equity trade, essentially a collar/vertical in SPX options which will reset on quarterly option expiry which is June 30th.

It's kind of obvious that the long strike is at 3700, so the sp500 is pretty much going to pin to that level.

Nothing sinister in that (on this occasion) it is just the dynamics of option market makers Delta hedging their exposure.

Therefore it's unlikely that we get very much volatility on our index at all until then.

FWIW
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Are they at it again ?

https://www.theguardian.com/busines...mits-spoofing-us-market-manipulation-pay-920m

gg
 
From the Evil Murdoch empire
Australia’s retail turnover rose for a fifth consecutive month to another record high in May as cost of living pressures continue to hit those across the country.
The Australian Bureau of Statistics says retail sales were up by 0.9 per cent month-on-month in May, following rises of 0.9 per cent in April, 1.6 per cent in March, 1.8 per cent in February and 1.6 per cent in January.

Retail sales trumped market consensus, which had expected turnover to increase by 0.4 per cent.

Department stores had the largest rise, up 5.1 per cent, followed by cafes, restaurants, and takeaway food services (1.8 per cent), other retailing (1.5 per cent), food retailing (0.6 per cent) and household goods retailing (0.4 per cent).

ABS director of quarterly economy wide statistics Ben Dorber said the economy remained resilient in challenging times for many households with growth across five of the six retail industries.

“Higher prices added to the growth in retail turnover in May. This was most evident in cafes, restaurants and takeaway food services and food retailing,” he said.

Inflationary pressures hitting households appear to have reduced the spending in clothing, footwear and personal accessories, which was the only retail sector see a drop in sales, down 1.4 per cent after three consecutive monthly rises.

NSW had the largest rise in retail turnover, up 1.6 per cent, followed by Victoria, up 1.3 per cent. Turnover also rose in South Australia (1.9 per cent), Western Australia (0.2 per cent), Tasmania (1.1 per cent) and the Northern Territory (0.6 per cent).

The only states or territories to record falls were Queensland, down 0.4 per cent, and the Australian Capital Territory, down 0.3 per cent. The fall in Queensland follows increased turnover from the flood recovery in March and a boost from tourism in April.
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Can't wait to read the experts analysis as to why the consensus (0.4) was so far below the actual (0.9).
Surprised that the ACT had a fall of 0.3%.
I mean that is the state/territory which has the highest per capita income according to the latest census data.
Has not helped ADH much, down another 5% so far this morning.
Mick
 
we are still in reporting season ( the end where most results will be taken positively , the others tend to come later )

so it is all about forward guidance , outlook and market expectations , however in this new era of virus restrictions will guidance and outlooks ever be the same ( it's like saying it is liable to be sunny in Melbourne tomorrow [ sometime during the day ] )

i am wondering if more investors will focus more on earnings and debt levels before investing in a company
 
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