XAO Banter Thread

[notting]

Usually when the AU$ takes a hit the internationals start selling our shares too.
Gotta bit of time before they wake up! :car:

 

[Wysiwyg]

There was a great rush to the previous highs and now all those buyers that haven't exited are caught in bad positions. Got me too when I exited from a 5 day short for break even. Those moves are hard to know what is going to happen, either break higher or pull back like it has today.

 

[Wysiwyg]

Financials commentator language was bearish too but it should be known they are intentionally misleading. The planned moves are not general knowledge.

 

[CanOz]

Iron ore hit limit down today, i'm sure thats put the book on offer.....

 

[Joules MM1]

weak longs flushed

 

[CanOz]

weak longs flushed

Rumours of intervention to flush out the evil speculators

 

[Gringotts Bank]

Tomorrow will be one of those **** days where there's no opportunities anywhere. Friday also. Might as well turn the comp off.

And next week starts the sell off, imo.

Buy side is non-existent today.

 

[Joules MM1]

wot thay sed
rate cut

 

[kid hustlr]

wow can't beleive they cut.

paranoid about deflation it seems.

 

[CanOz]

the SPI did 3 x its average daily range today

 

[kid hustlr]

skyquake said something yesterday about just how much short interest there was in our markets which really hit home with me.

looked like a lot of guys bailing in the first hour or 2 today. then you get the perfect storm of a slightly unexpected cut and the shorts just run for cover everywhere.

might be more to this, perhaps the last 6-8 months were a significant bottom and now we are due for a run.

 

[CanOz]

skyquake said something yesterday about just how much short interest there was in our markets which really hit home with me.

looked like a lot of guys bailing in the first hour or 2 today. then you get the perfect storm of a slightly unexpected cut and the shorts just run for cover everywhere.

might be more to this, perhaps the last 6-8 months were a significant bottom and now we are due for a run.

Yeah that drop lower in the first 15 minutes looked like a minwa special....trap a few more shorts and grind the rest out all day long...


I agree, i think we could get some persistence here. we're above some key levels now, 5300 and so on...5500 would be a bit of an ask i reckon...talking SPI here

 

[notting]

Yeah, but it was a fundamentally bad day with the ANZ result and the RBA rate cut was a very good decision. Mr Stevens is a legend. Stopped talking and just pulled the trigger when the time was right. That will keep the long Ausi enthusiasts away for a while.
Trust me we needed it!
Japan almost looks like it's falling apart and the rest of the world is following in their footsteps.
Don't get too long for too long.

 

[Wysiwyg]

Financials commentator language was bearish too but it should be known they are intentionally misleading. The planned moves are not general knowledge.

Well there's the move. See how the financial market players try to manipulate the process. Next will be language that is true so it keeps the listeners in two minds. Listen but form your own judgement.



I shot the shepherd, but I did not shoot the deputy

Shepherd John Brown always hated me
For what I don't know
Every time that I plant a seed
He said, "Kill it before it grows"
He said, "Kill it before it grows", I say

 

[skc]

wow can't beleive they cut.

paranoid about deflation it seems.

It was quite unbelievable... not just the cut but the market's reaction to the cut.

I really thought that we will get a sugar hit for 30 minutes and go weak into the close. Yet the banks and REITs partied on like it was 1999. We are seeing top tier REITs and infrastructure now yielding <<4%, and your plain vanilla rent collector REIT yielding <5%.

 

[notting]

It was quite unbelievable... not just the cut but the market's reaction to the cut........
I really thought that we will get a sugar hit for 30 minutes and go weak into the close.

We are small enough for a day fake out.
See what tomorrow brings!

 

[Gringotts Bank]

It was quite unbelievable... not just the cut but the market's reaction to the cut.

I really thought that we will get a sugar hit for 30 minutes and go weak into the close. Yet the banks and REITs partied on like it was 1999. We are seeing top tier REITs and infrastructure now yielding <<4%, and your plain vanilla rent collector REIT yielding <5%.

In times of uncertainty....time to bring back the chick.

 

[Joules MM1]

CommSec Verified account ‏@CommSec

CBA @commbank has pencilled in another 0.25% cut to the cash rate in August #ausbiz #RBA

............................

Pete Wargent ‏@PeteWargent

Breaking: Cost of living falls; still beats alternative #ausbiz


............................

Callam Pickering ‏@CallamPickering

Building approvals receive a second wind http://www.cpeconomics.com/#!Building-approvals-continue-recovery/c1tye/572805410cf2265cabe659f3 … #ausbiz #property


............................

Callam Pickering ‏@CallamPickering

RBA interest rates aren't as low as you think http://www.cpeconomics.com/#!Intere...dful-inflation/c1tye/57282f540cf274df4ab3e256 … #ausbiz

 

[CanOz]

Thanks for the cost of living decrease Australia!

Thanks for the Charts Joules!

 

[notting]

Thanks for the cost of living decrease Australia!

LOL. Capitalism is working for Australia, what is everyone complaining about.?
We haven't even started printing yet.
The worm has turned. Watch the US$
Goldies are a mystery, baby with the bathwater? Still the US$.