AFF Member Stock Discussion

[cove]

The AFR remarked that CBA shares are way over priced but with so many mums and dads as shareholders it has always been priced for perfection. Maybe CBA will cut their operating costs dramatically to justify the share price.

 

[lilkid28]

The AFR remarked that CBA shares are way over priced but with so many mums and dads as shareholders it has always been priced for perfection. Maybe CBA will cut their operating costs dramatically to justify the share price.

Hoping/waiting for a retest of $100 or mid $90s

 

[Dr Ralph]

Hoping/waiting for a retest of $100 or mid $90s

This will happen. When? That, I cannot answer.

 

[cove]

Our Uber driver this afternoon who drives a Tesla said he had today bought some Tesla shares at just over $180 USD.
The shares dropped about $25 this morning.
i went yeah nah….

 

[Brissy1]

Our Uber driver this afternoon who drives a Tesla said he had today bought some Tesla shares at just over $180 USD.
The shares dropped about $25 this morning.
i went yeah nah….

I find it interesting, perhaps hilarious, that Tesla market cap is higher than Ford, GM, Toyota, Honda, Mercedes, and BMW...combined! (Although yesterday's "‘Train wreck’: Tesla suffers $122b wipeout, Musk blasted" didn't help).

 

[burmans]

You know what they say about taxi drivers and investment advice! Probably applies here too.

 

[cove]

Musk might need to learn that profit is good.
We leave the US on Sunday and there are big company layoffs to right size their businesses. That can be brutal as there are bugger all safety nets for laid off workers.
My US AA Citi card had to be replaced due to it being compromised.Citi are planning to cut 20,000 jobs this year.
Despite all that the markets in the US are pushing higher.

 

[Mr_Orange]

Musk might need to learn that profit is good.
We leave the US on Sunday and there are big company layoffs to right size their businesses. That can be brutal as there are bugger all safety nets for laid off workers.
My US AA Citi card had to be replaced due to it being compromised.Citi are planning to cut 20,000 jobs this year.
Despite all that the markets in the US are pushing higher.

So that tells you to watch the charts and to not listen to the news!

 

[FromTheRail]

Compute it the biggest thing going forward as more and more things automate

GPUs are one of the hardest things to get your hands on currently

Very bullish on $NVDA for the future

 

[Mr_Orange]

The AFR remarked that CBA shares are way over priced but with so many mums and dads as shareholders it has always been priced for perfection. Maybe CBA will cut their operating costs dramatically to justify the share price.

Hoping/waiting for a retest of $100 or mid $90s

This will happen. When? That, I cannot answer.

This seems highly unlikely to me. CBA has recently traded into all time highs having been range bound from June 2021 to December 2023. Housing credit, i.e. mortgages, are becoming easier to obtain therefore banks, in general, will make more money which will push share prices up.

Happy to be proven wrong though.

 

[Dr Ralph]

This seems highly unlikely to me. CBA has recently traded into all time highs having been range bound from June 2021 to December 2023. Housing credit, i.e. mortgages, are becoming easier to obtain therefore banks, in general, will make more money which will push share prices up.

Happy to be proven wrong though.

Care to make a wager on this?

I'll take CBA to be $100 or less within 20 years. All it will take is another GFC or similar event:

 

[tgh]

I'll take CBA to be $100 or less within 20 years. All it will take is another GFC or similar event:

Of course you will.. if you can find anyone silly enough to take the bet..

What is relevant in terms of investment value is how the share price will sustain it's value and dividend stream compared to rest of the market over the 20 years and how it recovers from challenges compared to the market.

Perhaps you are a gambler rather than a Classic investor Dr.Ralph ?

 

[Dr Ralph]

What is relevant in terms of investment value is how the share price will sustain it's value and dividend stream compared to rest of the market over the 20 years and how it recovers from challenges compared to the market.

Not according to the OP who doubted my earlier claim that CBA would at some stage in the future revisit a sub $100 price.

I stand by the claim that at some stage in the future the CBA price will revisit sub $100.

Perhaps you are a gambler rather than a Classic investor Dr.Ralph ?

Every investment I make is a gamble. Some of those investments carry a greater risk than others.

 

[Mr_Orange]

I'll take CBA to be $100 or less within 20 years. All it will take is another GFC or similar event:

Yeah well, of course, that's more than a possibility. I don't think that folks here are planning to wait 20 years though!

 

[SydneySwan]

CBA share split anyone?

 

[SYD]

CBA share split anyone?

That doesn’t seem to happen here very often. Look at CSL!

Dang, I pondered buying some more at sub $235 a few months ago. Now trading around $300….

 

[MARTINE]

Re: my blue chips I buy regularly -no matter the price - but more when it drops ie during Covid (less 40%)
My speculative ones if I break even I am happy but I got out of Afterpay at >$100 after buying for less than a tenth of that.
If CBA goes below $100 its a sale as far as i am concerned. Death and taxes (and govt backing) sustain the banks
So no bet for me!!

 

[burmans]

This seems highly unlikely to me. CBA has recently traded into all time highs having been range bound from June 2021 to December 2023. Housing credit, i.e. mortgages, are becoming easier to obtain therefore banks, in general, will make more money which will push share prices up.

Happy to be proven wrong though.

I don’t fundamentally disagree with Dr Ralph and did sell a few recently. But overall have been stung a couple of times, there are plenty of people who periodically give reasons for CBA dropping in price, and the analysis seems reasonable but CBA price keeps going up. I’m not talking about just recently either, this has been the pattern for years.

 

[Mr_Orange]

but CBA price keeps going up. I’m not talking about just recently either, this has been the pattern for years.

Best not to argue with the trend.

Looking at the chart above CBA was up from the GFC to 2015(ish), then traded sideways to early 2020, went down in March 2020 (along with almost everything else) and then hasn't looked back.

 

[tgh]

Otoh, it is hard to make a case as a strong buy, although this discussion was about selling
I have plenty of cba and would not buy anything around the top of its trading range no matter how much noise.
Having said that, my son bought as many csl as he could manage when he started collecting equities.. (for what now seems peanuts) ..he has done ok….
I was not really interested at the time but swmbo wanted some too.. so….