Went net short on US equities on 5th June (BBUS @ 2.65aud). Size: big.

[tech/a]

What then is it connected to.

Perhaps it’s a case of selective connection
When it suits the pundits.

I’ve noticed that it doesn’t matter how you view anything in life
There will always be those who think at 180 degrees to you.
Your opinion is only valid to those in your 180 degrees!

 

[wayneL]

What then is it connected to.

Perhaps it’s a case of selective connection
When it suits the pundits.

I’ve noticed that it doesn’t matter how you view anything in life
There will always be those who think at 180 degrees to you.
Your opinion is only valid to those in your 180 degrees!

I think Mr Portnoy proves your point splendidly

 

[Garpal Gumnut]

I think Mr Portnoy proves your point splendidly

Yes, there is a lot of it about.

gg

 

[investtrader]

Wonder how the big short went? Hope there was a stop.

 

[finicky]

Went net short on US equities on 5th June (BBUS @ 2.65aud). Size: big.
I might have timed the market correctly by the looks of it

I shouldn't do this

 

[gartley]

Everyone makes mistakes.....
Also wrong vehicle for long term hold
Having said that don't forget those who don't get the timing right when it finally gives and keep holding on, which will be most pundits. The bears will have their time soon

 

[pavilion103]

People talk about the fees eroding profits. Can anyone give an idea of how much of an impact this has? It would be good to get a quantifiable understanding of this.

 

[pavilion103]

Also why does the chart a few posts back have the BBUS around $1 but the current BBUS chart Is showing an all time low of just over $8?

Was some sort of adjustment made??

 

[finicky]

@pavilion103 There was a 1 for 10 Unit consolidation.

 

[divs4ever]

Also why does the chart a few posts back have the BBUS around $1 but the current BBUS chart Is showing an all time low of just over $8?

Was some sort of adjustment made??

my last BBUS buy was March 2020 @ $4.33 , as finicky points out once the share price dropped below $1 ( briefly ) they suspended trading and did the share consolidation ( as per finicky's post )

so yes an adjustment has been made

PS this is a good lesson elsewhere as well , share-consolidations are popular among stocks that have had massive price falls ( some even turn 100 shares into 1 new share )

 

[pavilion103]

my last BBUS buy was March 2020 @ $4.33 , as finicky points out once the share price dropped below $1 ( briefly ) they suspended trading and did the share consolidation ( as per finicky's post )

so yes an adjustment has been made

PS this is a good lesson elsewhere as well , share-consolidations are popular among stocks that have had massive price falls ( some even turn 100 shares into 1 new share )

Pardon my ignorance but what is the implication of a share consolidation? What happens to someone holding?

I’m having a bit of a look into this at the moment because of where the market is at. It seems like there is quite a good risk to reward at the moment. I’m also looking at the BBOZ.

I have heard people talking about the implications of the built-in fees from the ETF eroding profits over time. Does anyone have any information on this? And could anyone quantify what this would look like?

 

[pavilion103]

My only venture previously into ETF was oil (OOO), I bought $10,000 two years ago @$2.90 and today is at around $9.

I sold half of it for profit already. Still holding $5,000.

Everyone was cautioning me against this at the time but it worked out really well. I’m trying to work out if these ETFs are a good way to enter high risk to reward scenarios and hold them medium-term.

I realise that this is not the conventional way that people use these ETFs but I can see potential in certain scenarios.

 

[pavilion103]

Why did BBUS go down 8.5% today when the market didn’t move against it in the US?

 

[divs4ever]

it went ex-div ( the div. was a total surprise to me when i spotted yesterday's ann )