XAO Banter Thread

[willstor]

I'm looking across the asx 200 and see absolutely nothing of value...my recent deals in PRG at 1.91 and NCM 22.20 look good but no other opportunities. Waiting for something that pays a decent div to take a dive.

 

[tinhat]

I'm looking across the asx 200 and see absolutely nothing of value...my recent deals in PRG at 1.91 and NCM 22.20 look good but no other opportunities. Waiting for something that pays a decent div to take a dive.

Come on - plenty of stuff. I'll sing you a song. I really mean it gang. I'm singing right now - won't you sing along? Got my accordion and my dog. You got to dig a bit deeper - lots of stuff I could sell ya.

 

[Julia]

Come on - plenty of stuff. I'll sing you a song. I really mean it gang. I'm singing right now - won't you sing along? Got my accordion and my dog. You got to dig a bit deeper - lots of stuff I could sell ya.

If you care to share, I for one would be interested.

 

[burglar]

I'm looking across the asx 200 and see absolutely nothing of value...my recent deals in PRG at 1.91 and NCM 22.20 look good but no other opportunities. Waiting for something that pays a decent div to take a dive.

The index has just dropped 30 points, does that constitute a dive?

 

[willstor]

The index has just dropped 30 points, does that constitute a dive?

No however I'll buy back the tse shares I sold at 1.91ish for 1.8ish!

 

[white_goodman]

No however I'll buy back the tse shares I sold at 1.91ish for 1.8ish!

what a genius

 

[willstor]

Ouch

 

[MrBurns]

I'm about to dribble some more into the market............so let's see ...where's the dart board

 

[notting]

Obama's acceptance speach seemed to contain a little bit of a, 'I'm coming for you' toward the corporate worlds tax advantage over the middle class.
Wall Street may throw a little tanty over that.

 

[tinhat]

If you care to share, I for one would be interested.

Gee, I shouldn't be posting on internet forums after drinking red wine...

Well, it depends on what rate of return you require.

Off the top of my head I would say that as of close yesterday TLS, NAB and WBC are all still buys if you are looking for dividend yield of 6% or above (grossed up to around 9% with franking credits). I would be looking for a pullback given the run the market has had these past two weeks.

Here is a list of potential dividend stocks worth investigating generated from Lincoln Stock Doctor. One of these stocks are on my watch list. I own WBC. The columns are "code", "financial health", "EPS growth 1year %pa", Forecast EPS growth 1yr %pa", "Forecaset EPS growth second year %pa", "dividend yield %pa", "forecast dividend yield 1 year %pa".

CCode   Health   EPSG (1yr)  F EPS Gth 1yF EPS Gth 2y Yield      F Yield
AAD  Strong            2.24%       2.42%       2.33%   7.85%           8.05%
ALZ  Strong            5.36%       3.54%       4.86%   6.34%           6.19%
BWP  Strong            9.21%       3.55%       6.34%   6.05%           6.28%
BYL  Satisfacto     9433.33%      13.05%     938.16%   7.14%           7.79%
CAB  Strong           16.68%       7.18%      11.83%   7.66%           8.10%
CFX  Strong            3.15%       3.82%       3.48%   6.57%           7.02%
CMW  Strong           16.72%       8.54%      12.56%   8.33%           8.33%
CQR  Strong            3.04%       3.82%       3.43%   7.07%           7.32%
ENV  Satisfacto       53.48%      25.77%      38.94%   6.24%           6.45%
LCM  Strong          109.33%       3.18%      46.97%   6.83%           7.23%
NBL  Strong         1061.11%       6.46%     251.58%   6.90%           6.90%
RCG  Strong            3.56%       5.82%       4.68%   6.52%           6.52%
SKI  Strong           39.50%      40.45%      40.73%   5.95%           6.23%
WBC  Strong            4.47%       1.88%       3.17%   6.27%           6.57%
WLL  Strong            4.80%       0.57%       2.66%   5.98%           6.31%

 

[Julia]

Gee, I shouldn't be posting on internet forums after drinking red wine...

Off the top of my head I would say that as of close yesterday TLS, NAB and WBC are all still buys if you are looking for dividend yield of 6% or above (grossed up to around 9% with franking credits). I would be looking for a pullback given the run the market has had these past two weeks.

Interesting, in that these three, plus MND, maybe WES, CRZ, COH, SKI, are what I'm waiting a decent pull back in. It's not happening.

Do you know what caused that large gap down late December in AAD?
Etrade is telling me there is no such code as COR.

Thanks for the list, Tinhat.

 

[MrBurns]

Gee, I shouldn't be posting on internet forums after drinking red wine...

]

Oh yes you should

 

[howmanyru]

Well, when is that damn mythical pullback going to happen? Like many I missed out on this latest run and am waiting for the correction, but when, damn it, when? DJIA at its all time high, surely it must be soon? Looks like a yeild chase ATM, with the big ASX top yeilding stocks going up like crazy. Where is that going to lead to though? How high can stocks go just chasing yields? So many questions, so few answers.

 

[DocK]

Interesting, in that these three, plus MND, maybe WES, CRZ, COH, SKI, are what I'm waiting a decent pull back in. It's not happening.

Do you know what caused that large gap down late December in AAD?
Etrade is telling me there is no such code as COR.
Thanks for the list, Tinhat.

I believe that's CQR - Charter Hall Retail Unit.

 

[Struzball]

Well, when is that damn mythical pullback going to happen? Like many I missed out on this latest run and am waiting for the correction, but when, damn it, when? DJIA at its all time high, surely it must be soon? Looks like a yeild chase ATM, with the big ASX top yeilding stocks going up like crazy. Where is that going to lead to though? How high can stocks go just chasing yields? So many questions, so few answers.

Is it time for panic buying yet? Or will that come at the top (8000??)

 

[Trembling Hand]

Outside the fins it looks neutral. My super duper "never fail RSI" is saying that actually most stocks are in a basing pattern and could pop higher the next 5-10 days.

As always my super duper indicator spoke true..... again!



And infact I still don't think we are in extreme "over bought" area..... whatever that is?!

 

[CanOz]

Everything is new highs its seems. The ES at 1500 will be interesting...tonight housing data should provide some interesting action.

CanOz

 

[kid hustlr]

As always my super duper indicator spoke true..... again!

View attachment 50599

And infact I still don't think we are in extreme "over bought" area..... whatever that is?!

Agree we are nowhere near overbought.

Do you make anything of the divergence which has occurred over the last month?

I'm still leaning towards further movement to the longside. My limited experience tells me sell offs generally happen quickly and given the steady churn we've had over the last several weeks i think we go up from here.

Also is that 2 inside days in a row?

Still leaning with the wind at this stage and I think we will continue to move up although I do note XMJ may have posted a lower low.

 

[tech/a]

Agree we are nowhere near overbought.

Do you make anything of the divergence which has occurred over the last month?

View attachment 50621



Still leaning with the wind at this stage and I think we will continue to move up although I do note XMJ may have posted a lower low.

The divergence is an early warning sign.
Back in 2008 there were similar warnings.
One very strong one was the topping of MANY stocks in the ASX 100

Here is just 6 all are showing price very near the top OR showing
price having its last shot at the top.



Logically this should then be reflected in the XJO
and it is.



Overbought on a longer time frame is later /April to July.

 

[Sean K]

The divergence is an early warning sign.
Back in 2008 there were similar warnings.
One very strong one was the topping of MANY stocks in the ASX 100

Here is just 6 all are showing price very near the top OR showing
price having its last shot at the top.

So, the W4 marking is going to be disproved?