One-Eyed Richmond Forum
General => General Discussion => Topic started by: Ramps on November 05, 2007, 07:50:18 AM
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I did a search, couldnt find anything. If anyone has any info on anything decent on the ASX then post it here. If you want talk about shares, property and other Investments talk about it here. As an early disclaimer- people shouldnt take any info posted in here as gospel. Do your own research on stocks before investing your money and for those interested in putting up some recommendations on stocks - can you provide some basic information like Price, PE ratios and reasons why your recommending. Share the knowledge, share the love and live the Australian capitalist dream- the transfer of wealth from other people to you lol.
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The market is factoring in a interest rate rise on Wednesday (90% chance) which may give the Aussie dollar another boost.
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The market is factoring in a interest rate rise on Wednesday (90% chance) which may give the Aussie dollar another boost.
Maybe not MT...US is up the clacker atm and they may be looking at lowering interest rates there yet again to generate some more spending which may flow onto us and stop the rise.
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The market is factoring in a interest rate rise on Wednesday (90% chance) which may give the Aussie dollar another boost.
Maybe not MT...US is up the clacker atm and they may be looking at lowering interest rates there yet again to generate some more spending which may flow onto us and stop the rise.
Yeah that's true tiga if the US drop theirs. When was the last Aussie interest rate rise? I can't remember.
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8th August was the last rate increase.
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8th August was the last rate increase.
Thanks FF :cheers.
The Aussie then dipped quite a bit for a week after the last rate rise then bounced back big time to where it is now at 91.9 US cents. Good time to be in North America WP :thumbsup.
May 24 - 82.1
Jun 22 - 84.8
July 24 - 88.4
Aug 8 - 86.2
Aug 16 - 78.6
Sep 8 - 82.6
Oct 8 - 89.9
Nov 5 - 91.9
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Aussie dollar hit 93.89 US cents after the rate rise ;). WP will be a happy tourist over there. Companies exposed to A/US currency risk like Fosters, Billabong and Boral are downgrading their profits.
Resource sector price/earnings is high so some finance houses are saying sell.
JB Hi-Fi is expecting a 33% increase in sells this year.
There you go Ramps. Discuss lol.
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Missed the boat on JB HiFi a long time ago. Should have been in months and months back nevertheless there are other opportunities that arise along the way. Hopefully some of the bluechips have downgrades because of the need to convert currencies back to high AUD, then it may be possible to pick up some decent stocks cheaper.
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Missed the boat on JB HiFi a long time ago. Should have been in months and months back nevertheless there are other opportunities that arise along the way.
Yep JB has gone up something like 144% in the past year.
The Aussie dollar has dropped back today to 92.4.
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BHP has made a takeover bid for Rio Tinto tonight to create a mega mining giant. Rio rejected the proposal but its shares have shot up 25% in London.
http://investing.reuters.co.uk/news/articleinvesting.aspx?type=tnBusinessNews&storyID=2007-11-08T113134Z_01_WLA2638_RTRIDST_0_BUSINESS-RIO-TINTO-BHP-BILLITON-DC.XML
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Aussie dollar hit 93.89 US cents after the rate rise ;). WP will be a happy tourist over there. Companies exposed to A/US currency risk like Fosters, Billabong and Boral are downgrading their profits.
Resource sector price/earnings is high so some finance houses are saying sell.
JB Hi-Fi is expecting a 33% increase in sells this year.
There you go Ramps. Discuss lol.
Bit of a surprise that JB is expecting such a large increase in sales- most record companies are forecasting drops in revenue thanks to downloading. (And don't you feel sorry for the likes of EMI-not!)
But everytime I walk into a JB Hifi there are massive queues of people standing there waiting to throw money at them.
The downside of all these cheap CD's etc is the pressure it puts on independant record stores, which unfortunately are a dying breed.
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:o
This man yesterday made $1bil. How was your day?
Fleur Leyden | November 16, 2007 12:00am
ANDREW "Twiggy" Forrest is in the box seat to become Australia's second richest man to James Packer, even though his company is yet to ship any iron ore.
The 42-year-old resource magnate made $1 billion - at least on paper - yesterday, after his company, Fortescue Metals Group, discovered a huge new iron ore deposit in the Pilbara region in Western Australia.
Mr Forrest's paper wealth grew the equivalent of about $375 million an hour from 1.20pm, when the announcement was made to the stock market, to 4pm, when the share market closed.
Fortescue shares rose to a record $64.99 before closing up $9.67 or nearly 19 per cent at $61.20.
With a paper net worth in the resource company of about $6.2 billion, Mr Forrest could overtake the country's second richest man, shopping centre developer Frank Lowy.
http://www.news.com.au/heraldsun/story/0,21985,22766584-661,00.html
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While I was in Canada the Candians were partying because for the first time in 50 years or somethng the Canadian $ was worth more than the US$
$1.00 USD = $1.07 CAD - party time.
Actually the worst rate of conversion showing up on my credit card satement is 87.8c. The average is around 91c - not complaining at all
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Hope no one had Centro shares (owns The Glen and Box Hill shopping centres). Was around $10 at the start of the year. Now fallen from $6 down to 72c in the past couple of days thanks to the US subprime crisis. The only good thing about the overall share market correction is it places less pressure on rising interest rates.
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some blue chips were good value this morning on dividend/yield and pe basis. pity i didnt have much cash to get in.
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anyone on here. what are your thoughts on the way things are going??
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nothing new the market is its own master and all who ride it should be prepared for the ups and the downs
if you want some sure advice the sun will still rise tomorrow morning and the Umps will cop a fair old blast in season 08
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daniel
It's a question that could take a long time to answer - the stock market is best treated as a long term investment vehicle, deal in blue chip companies, do not try to pick tops or bottoms, do not listen to tips and do your own research. Education and knowledge is important, and trade with a plan - no plan, no trade.
Warren Buffet - the world's most famous lomg term investor, when asked what is the best time to sell, answers "never"
If you want to become one of the 99.9% of short term traders who fail - try daytrading.
It's extremely tempting to see the current correction as a time to get out - but the market is cyclical and history tells us that long term the trend is up. We have a strong economy with a huge amount of funds that have to be invested through Super funds and the resources sector boom has decades to run (if you believe most "experts") The current market is down 13% from its peak - not terminal.
ps This is not investment advice - you need to be qualified to give that and I'm just a keen observer ;)
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Just to illustrate mjs' point - the all ordinaries index since 1900.
http://www.asx.com.au/investor/pdf/share_price_movements.pdf
That's why they model the market mathematically by a mean exponential drift (long term the market is always going up) plus a normally distributed randomness (short-term there is volatility).
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thanks guys. i just wanted to see if anyone knew a thing or other than footy.
i been traded since 2003. ur right blue chips all the way although my love affair with speccy's rolls on.
i have recieved some real good tips and they have paid off but all good things come to a end, and i think that is near
i think this year will be testy on all fronts. interest rates will sky rocket, shares-small returns. etc etc
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The Market has fallen 20% since the start of the year. Technically a crash. Just panic selling with not a single ASX 200 company up today.
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word to the wise.
u dont lose if u dont sell.
i for one is sticking by this theory and will look to buy as there are bargains out there.
people throw all their eggs in the 1 basket and hence are getting very worried
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Nicely said daniel.
Copycat selling because overseas markets are falling. People scared a US recession will mean less Americans buying Chinese goods resulting in the Chinese not needing to spend up big buying our resources. I guess one positive is it'll place less pressure on interest rates although the Aussie economy is still hooning along.
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Guys I came across this internet site InvestSmart.com.au and they offer an investment of the top 20 ASX listed company's for 50k minimum and the brokerage fee is only 1%. Sounds good to me, I'm thinking of taking up the offer in the next 2 months. Good time to buy at the moment. :cheers
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Not a bad couple of weeks on the markets.
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Not a bad couple of weeks on the markets.
Until yesterday lol. US interest rates now 4% lower than Australia's :o.
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Anyone know where I can pick up some cheap finance so I can pick up some quality stocks lol.
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Anyone know where I can pick up some cheap finance so I can pick up some quality stocks lol.
South America lol
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my bunch of shares are doing very well ;D
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yeah killing it.
the market is doing so well at the moment like the blues come thursday night
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Anyone know where I can pick up some cheap finance so I can pick up some quality stocks lol.
South America lol
you can be so helpful sometimes MT. Dont know what Id do without access to your financial advice lol. ;D
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LOL
Another cut by the US Fed last night. US interests rates (2.25%) are now 5% lower than Australia so you'll need to get a US loan Ramps ;).
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If you have lost on the ASX recently be thankful you weren't with Opes Prime (or I hope you weren't) - heard a guy on radio who had a $100k margin loan secured by his $400k share portfolio.
Opes had rights to the $400k and they basically used it to borrow funds - they've gone broke and he's lost the lot :banghead
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If you have lost on the ASX recently be thankful you weren't with Opes Prime (or I hope you weren't) - heard a guy on radio who had a $100k margin loan secured by his $400k share portfolio.
Opes had rights to the $400k and they basically used it to borrow funds - they've gone broke and he's lost the lot :banghead
Poor guy. That could be his life savings :(.
It says something like that on Opes Prime's website:
Mr Lindholm said: “Preliminary investigations indicate that the financiers to the Group hold sufficient collateral securities to cover their positions in full. However, OPSL’s clients are potentially exposed for the difference between the value of the collateral securities they have advanced and the loans provided by OPSL. At this stage, it is too early to estimate the realisable value of OPSL’s assets to meet client claims.”
http://www.opesprime.com/documents/Ferrier-Hodgson-MR-OPES-PRIME-28-3-08.pdf
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MONEY MONEY MONEY :thumbsup :lol ;D :D
you take the good with the bad not everyone are winners
get on Wesfarmers the only way is up
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Got to feel for all the small investors who got caught up in Chartwell and lost all their savings. $70m down the gurgler.
http://www.news.com.au/heraldsun/story/0,21985,23580464-2862,00.html
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risky business. i just finished a finance degree and to be honest i dont think i want to start getting into that field just yet.
i think the worst is yet to come
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risky business. i just finished a finance degree and to be honest i dont think i want to start getting into that field just yet.
i think the worst is yet to come
Cowboys who were over-speculating and promising ridiculous returns hoping the market kept hooning along are going to be burnt.
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http://monetarywatch.com/2016/06/we-just-witnessed-the-greatest-one-day-global-stock-market-loss-in-world-history/