Australian (ASX) Stock Market Forum

"Townsville stockbroker says more falls to come"

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Solly said:
"A TOWNSVILLE stockbroker who forecast the 2008 crash is warning of an avalanche of margin calls, convinced the market is set for another rout of at least 30 per cent
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Right.

Guy in middle of no where predicts something. Load up the shorts!
 
One 17" CRT monitor
One Best and Less polyester tie
A desk without a view.
A bad hair life.
Not a day over 26.
From the town that gave the world Storm Financial

Yeee haaaa....
 
better buckle up team looks like we are going down!! if only someone
had the balls to not pick doom and gloom.

but hey townsville is pretty cool, right GG ? gotta admit its my home town
here in NQ. : )

jc
 
Funny some people ridicule this guy simply because hes based in Townsville ?, i don't know if hes right or wrong or have an opinion on the matter but had this been a Sydney or Melbourne broker working for a big firm who picked the 2008 market decline im sure many would be listening !.

Some people and i know a few choose lifestyle and location over the big city and/or climbing the corporate ladder.
 
helicart said:
One 17" CRT monitor
One Best and Less polyester tie
A desk without a view.
A bad hair life.
Not a day over 26.
From the town that gave the world Storm Financial

Yeee haaaa....
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Maybe more credible than having "gold taps in the dunnies" as gg would say !
 
This is in no way an endorsement, but to balance the Townsville bashers out there, Daniel has raised his profile considerably in the last year and his Sextant report has been quoted by the likes of Rudi Filapek-Vandyck at FN Arena, and the AFR if I remember rightly.

I don't think he is a stockbroker, but an analyst, and he is a big Gann / EW fan. He has been calling a new low pretty consistently and has not wavered so only time will tell how he goes.

Do I think his information is useable for trading? No. For investors? Possibly, but then again so is a 200 day MA.
 
Damn, looks like my attempt to stir up gg hasn't worked.....He's too clever it seems...
 
My comment about ignoring this guy because he was from Townsville was facetious. The truth is, just because he was right once, doesn't mean he will be right again. He more than likely got lucky. It's got nothing to do with an innate ability to predict the future.

It's like a guy going in big on red in roulette, winning and then telling all those around him he 'knows' it will be red again...
 
Here's my market forecast - I normally charge $150 / month but I'll share this one with you free. Sign up today and Ill include my trading bible "Trading like a Bunyip - secret strategies of the stock market billionaires" - valued at $675 - FREE!:D

The market is expected continue in its present state of flux, with significant falls and rises variously expected over both the long and short term. Areas to avoid are those with either direct or indirect exposure to the financial sector. However, large gains are forecast for solid businesses successfully penetrating new markets, resource stocks about to announce major new finds, and potential takeover targets. Investors are advised to focus on these key areas, as the top performing portfolios for 2009 are expected to be those diversified across the higher performing market sectors while being underweight in the less favoured areas.

This week, trading with variable volume in most sectors is expected Monday, Tuesday, and Wednesday, with follow up trading on Thursday and Friday. A midweek pullback is possible, unless market conditions prove otherwise. The weekend is expected to be generally quiet.

Gold, Silver and Platinum remain the focus of many traders in the precious metals sector with some of the strongest chart patterns in many weeks indicating a break up or down from the current level will more than likely lead to further price variance.

This forecast contains forward looking statements based on theoretical quantitative estimates from third parties and may be subject to inaccuracies and unexpected market conditions. The author owns stock in several listed companies.
 
Beenjammin said:
Here's my market forecast - I normally charge $150 / month but I'll share this one with you free. Sign up today and Ill include my trading bible "Trading like a Bunyip - secret strategies of the stock market billionaires" - valued at $675 - FREE!:D

The market is expected continue in its present state of flux, with significant falls and rises variously expected over both the long and short term. Areas to avoid are those with either direct or indirect exposure to the financial sector. However, large gains are forecast for solid businesses successfully penetrating new markets, resource stocks about to announce major new finds, and potential takeover targets. Investors are advised to focus on these key areas, as the top performing portfolios for 2009 are expected to be those diversified across the higher performing market sectors while being underweight in the less favoured areas.

This week, trading with variable volume in most sectors is expected Monday, Tuesday, and Wednesday, with follow up trading on Thursday and Friday. A midweek pullback is possible, unless market conditions prove otherwise. The weekend is expected to be generally quiet.

Gold, Silver and Platinum remain the focus of many traders in the precious metals sector with some of the strongest chart patterns in many weeks indicating a break up or down from the current level will more than likely lead to further price variance.

This forecast contains forward looking statements based on theoretical quantitative estimates from third parties and may be subject to inaccuracies and unexpected market conditions. The author owns stock in several listed companies.
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Wow, for insights like that $150 per month is a steal. Sign me up.
 
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