What are we buying on Monday?

[Garpal Gumnut]

As Chou En Lai the head of the CPOC said when asked about what effect the French Revolution had on Chinese politics.

"Its too early to say"

It is also too early, way to early to predict when to buy or to sell for that matter.

gg

 

[Dona Ferentes]

As Chou En Lai said when asked about what effect the French Revolution had on Chinese politics.

"Its too early to say"

or NOT. He was referring to les événements of '68

Richard Nixon's translator was there in the early 1970s and now decides to put the record straight. At a recent seminar in Washington on Henry Kissinger's new book, On China, Chas Freeman said it was a misunderstanding 'too delicious' to correct.

https://www.scmp.com/article/970657/not-letting-facts-ruin-good-story

 

[InsvestoBoy]

One thing I kept noticing today was the market was rallying pretty hard after Trumps comments about big stimulus but VVLU wasn't getting the lift at all, even though the biggest gainers today looked like those cyclical sectors it was holding.

Looked like free money with Energy, Financials, Resources up so much but VVLU down 3-4%...

 

[sptrawler]

Probably worth reading the Treasury report to understand their thinking and the outcomes they achieved.
Australia manged to avoid prolonged recession and the worst fallout from the GFC.

This synopsis by the RBA, gives a fairly good account of the GFC and the effect on Australia. I posted it in another thread but may be worth re posting here. The stimulus was nice, it did look good, but it wasn't what saved Australia's ar$e.
If the Australian Banks had been exposed to the consolidated subprime debt obligations and if China hadn't gone into balistic overdrive building 'empty' Cities and if the Government wasn't debt free and running a surplus, we would have been another Greece.
Just another take on it.
https://www.rba.gov.au/education/resources/explainers/the-global-financial-crisis.html

 

[Dona Ferentes]

... we would have been another Greece.

free float currency, (no EC). Still 300mill rural poor to migrate to cities. Banks are really big building societies (CDwhoa's). Debt is a worry though

 

[InsvestoBoy]

Sold some GSBE47, bought some QUS today.

 

[moXJO]

Gerry Harvey dropped $15million on Friday and lost $1.5million by Monday.
#richguyproblem

 

[frugal.rock]

if China hadn't gone into balistic overdrive building 'empty' Cities and if the Government wasn't debt free and running a surplus, we would have been another Greece.

Or another Italy in the making....
at least Tiramisu and Spaghetti will be cheap....

F.Rock

 

[moXJO]

Anyone on any small caps that were looking good

 

[moXJO]

Stop staring at your trading screens and give me freebie analysis

I'm like the kid on the morning of the test he didn't study for.

 

[jbocker]

A few nice beers.
(And have them in the quiet part of the garden).

 

[moXJO]

A few nice beers.
(And have them in the quiet part of the garden).

Cicada trading for me. Underground for over a decade, then noisy as all hell for 2 weeks.

Takes a long time between crashes...

 

[Dona Ferentes]

Market seems to be punishing everything. And, in minnow-world, especially those with no cash flow, or high debt levels and the like.

Anyone on any small caps that were looking good

But, sitting with $40mill from recent raise, no debt, is GSS, whose proprietary platform technology, 3Base™, they claim, is able to detect Covid-19.

Up 2%, but with a gap, on a down day (probably because Thorney TEK mentioned it and their PR machine got a plug in a national daily)

 

[moXJO]

Market seems to be punishing everything. And, in minnow-world, especially those with no cash flow, or high debt levels and the like.

But, sitting with $40mill from recent raise, no debt, is GSS, whose proprietary platform technology, 3Base™, they claim, is able to detect Covid-19.

Up 2%, but with a gap, on a down day (probably because Thorney TEK mentioned it and their PR machine got a plug in a national daily)
View attachment 101290

Cheers D

 

[InsvestoBoy]

Bought some more QUS today.

 

[IrishDigger]

Anyone on any small caps that were looking good

BCT and SEN

 

[moXJO]

What's the go with bhp?

 

[kid hustlr]

It might be days, it might be months or it might be years, but at some point this market is going to offer a tremendous opportunity for those who are good enough to take it.

 

[moXJO]

It might be days, it might be months or it might be years, but at some point this market is going to offer a tremendous opportunity for those who are good enough to take it.

I'm getting ready for distressed assets sold for cheap. Hopefully it won't come to that and this thing sorts out before.

 

[kid hustlr]

It might be days, it might be months or it might be years, but at some point this market is going to offer a tremendous opportunity for those who are good enough to take it.

Just to keep this going. I don't understand this forum not discussing opportunities. There are so many on here who seem quick to want to discuss politics or predict the end of the world or the top or the bottom, there should be some genuine discussion going on about what can be captured going forward.

End of Rant.

To provide some substance to this post here' an all ords chart with an ATR indicator. We are almost at GFC extremes (and probably are as the indicator is lagging). Crazy times. Don't think it's ever been this steep

Interesting to see that divergence between the ATR and price at extremes seem like a pretty buy signal, aka volatility drops but price moves lower, thats the signal to enter.