AFF Member Stock Discussion

[Gladstone Tim]

Can someone give an explanation about the QF share buyback.

 

[cove]

With Qantas the institutions don’t want the share price to fall and they can live with a share buy back rather than dividends. Individual shareholders chase franked dividends and Qantas has tax losses from the Covid era so no dividend is getting paid.
More buyers than sellers keeps Qantas shares from falling.

 

[MARTINE]

Some good rebounds this week
Glad I did a bit of buying when it was tanking in Oct (as is usual).
Let’s hope the rate rise frenzy is now down to a trickle — although its nice to have better returns on deposits in banks.

 

[Freq Flier 2013]

I feel that the market will reverse and go back to prior levels.

 

[I love to travel]

I feel that the market will reverse and go back to prior levels.

Because?

 

[Freq Flier 2013]

The run up has been too rapid. Also from my understanding it’s due to usa saying they will pause / reduce rates. However this doesn’t apply to Europe or Australia. So the current run up is based on a lot of blue sky

 

[tgh]

the current run up is based on a lot of blue sky.

Markets ebb and flow.. we will see a retreat (sometime).. and a new high (sometime).. this is the nature of the beast.
For markets to collapse we need economies to collapse, house prices collapse, banks collapse, mass starvation followed by war.
Be careful what you wish for…

 

[MARTINE]

the current run up is based on a lot of blue sky.

Markets ebb and flow.. we will see a retreat (sometime).. and a new high (sometime).. this is the nature of the beast.
For markets to collapse we need economies to collapse, house prices collapse, banks collapse, mass starvation followed by war.

And failing that good old fear and greed..

 

[SydneySwan]

The run up has been too rapid. Also from my understanding it’s due to usa saying they will pause / reduce rates. However this doesn’t apply to Europe or Australia. So the current run up is based on a lot of blue sky

Everyone views Mr (or Mrs or Ms) market through their own prism, their own biases, their own experiences, etc. Thats what makes it so hard to predict.

 

[burmans]

The run up has been too rapid. Also from my understanding it’s due to usa saying they will pause / reduce rates. However this doesn’t apply to Europe or Australia. So the current run up is based on a lot of blue sky

While yes Europe and Australia are different to the US they are not that different. The US are slightly ahead of us in their cycle but the trend is clear, we may get one or two more hikes locally but the pain is working and inflation is on the way down so all we are really talking about for Oz is timing of the peak and then inevitably some reduction in rates.

 

[Mr_Orange]

We've had a strong up move for the last week or so but US markets corrected overnight so I'm expecting a less positive day today.

 

[cove]

Latitude reported a big loss. This thread started with a question about Latitude. Fahour left in March 2023.

 

[Mr_Orange]

Latitude reported a big loss. This thread started with a question about Latitude. Fahour left in March 2023.

The reported loss should not have been a surprise:

 

[cove]

Nice chart if we had shorted Latitude but we left it alone. Have not shorted stocks for a long while.
A big day today on the ASX which I watched for a while.

 

[lilkid28]

Nice chart if we had shorted Latitude but we left it alone. Have not shorted stocks for a long while.
A big day today on the ASX which I watched for a while.

How does one get into shorting on ASX? It would be nice to be able to for hedging reasons.

 

[Mr_Orange]

How does one get into shorting on ASX? It would be nice to be able to for hedging reasons.

CFDs would be the way to do it for specific stocks. Note that not all listed stocks have a CFD available.

You would also need a trading account with someone other than the big banks since they don't generally offer CFDs. Saxo Capital Markets is one example.

If you want to short the ASX as a whole, there is an ETF - BEAR is the ticker.

 

[Freq Flier 2013]

CFDs would be the way to do it for specific stocks. Note that not all listed stocks have a CFD available.

You would also need a trading account with someone other than the big banks since they don't generally offer CFDs. Saxo Capital Markets is one example.

If you want to short the ASX as a whole, there is an ETF - BEAR is the ticker.

There is xjo that you can buy/ sell options on
Bboz and other

 

[Mr_Orange]

There is xjo that you can buy/ sell options on
Bboz and other

True and you can also trade futures on the ASX index.

 

[prozac]

I always did better selling puts than buying calls. You could try warrants. Not alot of brokers want to trade options.

 

[cove]

The broker I used to do shorting stocks left so I stopped.
Have had a long term investment in LSF which tend to have 60 long positions and 20 short positions. Their 2023 performance has been ordinary but they have done well most years.