AFF Member Stock Discussion

[moa999]

Isn’t Trump going to repeal all the EV incentives?

But he's also going to block Chinese (and Mexican) competition which is a +ve for Tesla

 

[SYD]

But he's also going to block Chinese (and Mexican) competition which is a +ve for Tesla

and up again almost 9% o/n against a small fall on the Nasdaq. Heading back towards the all time high of ~US$410.

Meanwhile, SpaceX isn’t listed but if you had shares in companies that have an interest, you’re doing even better eg Destiny Tech100 (NYSEXYZ) is up 280% in the last week….(no, unfortunately, I do t have any of those)…

 

[burmans]

But he's also going to block Chinese (and Mexican) competition which is a +ve for Tesla

Yes, would agree with that but plenty would claim that by dumbing down green tech in America he’s giving China a leg up in an area they are already looking like leading, so a gain in the US (of a reduced market) may translate into a loss everywhere else.

 

[Freq Flier 2013]

PDN had a good drop of 28% due to negative news. Overreaction or justified?

 

[cove]

PDN and Silex both tumbled so uranium had a bad day.

 

[RooFlyer]

CBA holding above $150. The buyers at this price are quite mad - but more power to them!

 

[Mr_Orange]

CBA holding above $150. The buyers at this price are quite mad - but more power to them!

Don't argue with the chart. The banks, all of the banks, have more upside to come.

 

[tgh]

Why does the CBA run continue ?

 

[Mr_Orange]

Why does the CBA run continue ?

Because it's a bank and it's the right time for banks.

 

[tgh]

why

 

[SYD]

why

In anticipation of interest rates heading down.

But all the banks are up (and trending up).

 

[tgh]

why

 

[tgh]

Berkshire has been recently selling down its holdings in Apple and Bank of America. At US$325bn, cash (well, US treasuries) accounts for about 28% of the company's asset value, the highest since 1990. This might not be a sign of a market crash but when one of the world's greatest investors is happy to have over a quarter of his portfolio in bonds paying under 4.5% it makes you wonder.

and...

This week, portfolio manager Nathan Bell wrote '[Commonwealth Bank] trades on a farcical PER of 26 and a paltry 3.1% fully franked dividend yield. Its return on equity of 13.6% suggests the share price must fall by over 60% to produce a 10% return, which is why it remains a Sell.' By comparison, JP Morgan, widely seen as the world's best bank, delivers a return on equity well above that of CBA but trades on a PER almost half that of CBA's.

 

[burmans]

why

Seems to me this was asked and answered

 

[tgh]

Seems to me this was asked and answered….

The answers so far were (IMnsHO…) less substantive than I had hoped, hence the repost ( seeking discussion not argument)
The answers seem to me to encapsulate apparent reality… there is no reason just hope

 

[Mr_Orange]

Seems to me this was asked and answered….

The answers so far were (IMnsHO…) less substantive than I had hoped, hence the repost ( seeking discussion not argument)
The answers seem to me to encapsulate apparent reality… there is no reason just hope

My answer is not based on hope. There is only so much that I will say on an open forum.

 

[RooFlyer]

Because it's a bank and it's the right time for banks.

Yet the analysists have had 'hold' at best and 'hard sell' at worst for at least six months. They can't all be nongs. The PE at 27 is way out of whack. People seem to be buying for the sake of hoping the price keeps rising. A bubble.



I'm certainly not complaining; its helping my SMSF go gangbusters but I've leaked out a few in the past month to make sure I don't miss out with a sharp correction.

To have a go at answering @tgh - "Its the vibe". Two parcels of 50K each went through towards the end of Friday - they only dropped the price 30 cents! Then it recovered next trade to the day's high. Most parcels traded were <2,000 and the majority <1000 shares. Small holders.

 

[tgh]

There seems a tribal element to core stocks like Cba, as the big funds carry a set number no matter what the price.
There will be no price correction unless the big funds move and by then it will be too late for the plodders
This "tribality" gets the market into trouble at times, the current A1 boom seems a case in point.

 

[TheRealTMA]

Yet the analysists have had 'hold' at best and 'hard sell' at worst for at least six months. They can't all be nongs.

LOL. Why not, they often are. Lemmings follow each other over the cliff often.

I’m happy I ignored their advice when stock was $100ish.

 

[RooFlyer]

LOL. Why not, they often are. Lemmings follow each other over the cliff often.

Yes, often. When I was working in M&A at Bankers Trust, I once got the compliance bods to secretly extract the gold analyst's model for a big Aussie gold miner off their server, and put it on mine, to save me building a model, which I didn't have time for.

Gawd! What a rickety piece of rubbish! I probably spent more time fixing it than it would have taken me to start anew.

But you can see why they aren't recommending a buy - the div stability of CBA is 98% and the model performance has been petty good. At a PE of 27 - its a very long term punt. Of course there could be an exogenous factor in the wind - change to the Feds (here) changing four pillars or something, but you wouldn't think so!