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XAO Banter Thread

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that's a fairly well constructed and impulsive leg down xao/xjo ......we're a few days away from when stock discounts become stock bargains
 
XAO down 111 points so far today. I think the local market is anticipating further falls on the US market this evening and expect that XAO will end up further down by the close.
 
60 billion lost

Terrible event for people trying to make there way in life

Still to get over pre gfc levels, 11yrs ago
 
Trend lines going back 5 and 10 years on the weekly and monthly XAO indicate the next buying opportunity is at 5250.

I dare not predict the future. Careful stops on stocks at 5250 of the XAO may protect you from a wipeout as the next buying opportunity is at 4250.

And don't anyone say it couldn't happen and I won't say it could.

gg
 
Well I beat the market today but still lost money. Damn.....

As for the overall situation, my thinking is that this marks the visible start of a topping process which will take quite some time. The sky will fall but not yet and we’ll see prices higher than they are now before there’s anything serious to worry about. That’s referring to the US market which I pay most attention to but we’ll follow no doubt.
 
Someone buying at the absolute peak (last quarter of 2007) has made a positive return ~3.30% pa to date.
That beat inflation (albeit barely!) - which averaged 2.4% over the same period.
Real (after inflation) wealth grew ~9.60% total, over the period.
You'd have done as well (or a bit better) in cash, without the volatility - but who'd have known?

Doesn't seem like a great result until you realise that markets can do worse than that over 10 year periods.

The thing is - there really isn't a promise that a market's trajectory will be up; at the very least not over the periods we usually consider.
 
Well said.

This is why we are encouraged to purchase consistently over a long period of time - this way you can't be the person was all in at the top.
 
Toyota Lexcen said:
1000 11yrs ago is 1000 today plus dividends

Of course it's lost
Click to expand...

Do you understand how compounding works?

Even if you bought 11 years ago, right at the top, by compounding your dividends back into the index for 11 years you would have more than doubled your money over that time, so where is the loss?

If you bought 10 or 12 years ago, 1 year either side if the peak, you would have maybe tripled your money.
 
Toyota Lexcen said:
Who was in at the top?
Click to expand...

EOS. Unfortunately, it is not one for buying for me - I already own it. Bought it 10 Jan at 281 when bar chart pattern broke, broke from P&F pattern and broke Darvas.

Had no choice in holding on to it the last couple of days because it was suspended.
 
Playing with fully franked dives is good too. Take them and buy back in at lower levels rather than let the company do it for you. This way you avoid some of the capital gains tax.
If you can't get back at a lower level than the ex date of the stock which happens, then buy one of the others after it drops or that is down, but still some dog you want to own.
 
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