AFF Member Stock Discussion

[cove]

October has been pretty tough for all of us who are not shorting the market.

 

[burmans]

Kohler is this morning suggesting with a high degree of confidence a two year bear market from here ….
My call ( as always) is to sit it out, but others with a more dynamic investment strategy may choose ( if not already in place ) some risk minimisation
Interesting times….



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Personally I’d suggest going sideways for two years rather than down. The bad news from interest rates is almost over (they remain high but my view is that they have either peaked or about to), despite predictions Ukraine has not got worse etc. Israel is of course an unknown and could get worse but frankly when isn’t there potential risks in the world.

 

[MARTINE]

Personally I’d suggest going sideways for two years rather than down. The bad news from interest rates is almost over (they remain high but my view is that they have either peaked or about to), despite predictions Ukraine has not got worse etc. Israel is of course an unknown and could get worse but frankly when isn’t there potential risks in the world.

I have been buying up in this sea of red to hold onto the bear - at least whats in the bank is earning better interest. October never disappoints -or not?

 

[cove]

With our current government ignoring many of the factors creating cost of living jumps it is getting quite ugly for renters.
We have to slow immigration immediately as there is no accommodation for arrivals.
Hearing Woolies and Coles getting their produce stolen at $25 million each per week is alarming.
We have Brickworks as a long term hold as we will eventually get the building industry going again.

 

[burmans]

With our current government ignoring many of the factors creating cost of living jumps it is getting quite ugly for renters.
We have to slow immigration immediately as there is no accommodation for arrivals.
Hearing Woolies and Coles getting their produce stolen at $25 million each per week is alarming.
We have Brickworks as a long term hold as we will eventually get the building industry going again.

Swings and roundabouts! While I appreciate high interest rates are tough eventually rates will move down again and as you say huge demand for accommodation. I totally get that inflation is having an impact but then that’s exactly what the Reserve Bank has engineering to get inflation down. The share market, we keep getting told looks forward, so in that vein my view is the current pain reflects that the measures are having the intended affect and hence the pain may be relatively short lived.

While it may be counterintuitive from an investor view I think this is actually positive, if people weren’t feeling pain this current malaise would continue much longer. Sure, I get there is always a risk of overreach but frankly I think these are actually the times of greatest opportunity (or perhaps more correctly they will shortly be).

 

[Freq Flier 2013]

Interesting reference https://edition.cnn.com/markets/fear-and-greed

 

[MARTINE]

Interesting reference https://edition.cnn.com/markets/fear-and-greed

Thanks interesting.
I’d be interested to expand it back to preCovid and look at that data set in this overall calculation.

 

[prozac]

My broker talked me out of buying QAN the week before the AGM. I argued there would be a bounce due to change in sentiment. I didn't buy and it has moved up 10%. Oh well my Melb Cup $2 quinella came in for a $70.80 return.

 

[cove]

Well @prozac well done with your quinella.
Mrscove has held onto her QAN shares from the original float and she will not use QFI for international.

 

[Freq Flier 2013]

At least the overall market is recovering slightly and banks are making good profits

 

[prozac]

Well @prozac well done with your quinella.
Mrscove has held onto her QAN shares from the original float and she will not use QFI for international.

Funny how a small windfall/profit can be exciting.
Mrscove should be happy with the QAN performance, if not QFI.

 

[cove]

Today was a great up day with the AUD and the shares all up

 

[Freq Flier 2013]

Yes I’m tempted to sell my gear position. Will see tomorrow if I made the right call

 

[Mr_Orange]

US markets starting in the right direction in their overnight trading. A couple more hours to go though before things really start to move, whichever direction that may be.

 

[cove]

Was quite miffed by the APM AGM where they reported some weakness in business. Their shares dropped about 30%. Under the continuous reporting rules I felt they should have reported as soon as they knew. Then a director buys at around $1.50. Not happy with that…..

 

[Mr_Orange]

Was quite miffed by the APM AGM where they reported some weakness in business. Their shares dropped about 30%. Under the continuous reporting rules I felt they should have reported as soon as they knew. Then a director buys at around $1.50. Not happy with that…..

That's pretty normal behaviour for big business!

 

[cove]

With ASIC being a toothless tiger I think she can get away with it.
Meanwhile I have decided to average down which is risky.

 

[prozac]

With ASIC being a toothless tiger I think she can get away with it.
Meanwhile I have decided to average down which is risky.

If AJ can get away with $17m that says the gate is wide open.

 

[Mr_Orange]

US markets starting in the right direction in their overnight trading. A couple more hours to go though before things really start to move, whichever direction that may be.

It turns out that move didn't continue with US markets closing around their opening price.

Post automatically merged: Nov 16, 2023

If AJ can get away with $17m that says the gate is wide open.

Wasn't it $24m, or did they claw some back?

 

[cove]

Tougher day today. I will need 1.72 to get clear on APM. One of my brokers said he went to the pre float meeting and decided it was a No at 3.50 something.