AFF Member Stock Discussion

[wannabeinvestmentbanker]

MQG is mostly a fund manager these days - so also look at MGF

Not 100% accurate there in terms of MGQ being primarily a fund manager. For the latest year, the revenue breakdown is:
Lending 36.275
Financial Markets 27.348
Capital Markets 19.380
Asset and Wealth Management 16.997

where
– Lending: corporate and structured finance, banking activities, mortgages and leasing
– Financial Markets: trading in fixed income, equities, currency, commodities and derivative products
– Asset and Wealth Management: investment management, manufacture and distribution of fund management products
– Capital Markets: advisory, underwriting, facilitation, broking, principal investments and real estate/property development

The trading aspect should be doing well, but the lending and wealth management parts of the business may be exposed

 

[Gold Member]

Bought into Pushpay Holdings (PPHJ) at $3 today.

Management issued a profit upgrade today (yes you read that correctly, UPGRADE) in light of Believers increasing donations in the last few weeks. Perhaps donators hope that a larger donation will deliver increased COVID immunity from God.

PPH has a strong balance sheet with negligible debt and a strong earnings forecast which will seemingly accelerate as donations increase when COVID hits the Bible belt in the coming days/weeks.

This investment is a bit of an outlier for me as I still believe the market has further to go. A lot of companies are cheap right now but will get cheaper In the coming weeks. I can’t put a number or percentage to it, however my truck is sitting in idle ready to back up when the US reaches peak infection rates which based on data I have seen currently sits somewhere around late April and early May. Only then, when markets believe the worst is over will things start to rebound. V-shape, U-shape, Nike logo shape I don’t know. Whatever the rebound profile, a worldwide recession is likely to dampen a full recovery in stock prices.

 

[drron]

A conspiracy theory from twitter re stockmarkets in the last month-
USA -26%
UK -26%
Canada -25%
Australia -24%
Brazil -27%
South Korea -17%


And China +0.3%

 

[Freq Flier 2013]

I believe MQG will end up around $60 or even a bit lower, While it is tempting at the moment my wallet is staying firmly shut.

I’m also waiting for close to $60. Would be a good buy.

 

[cove]

The market in the US tonight is down.

 

[tgh]

The long view must now be taken but it's all very fuzzy..

 

[Buzzard]

Given that nobody can tell you where the bottom will be, just buy at the price you are prepared to pay.
I have open orders for CBA and QAS.
I'll patiently wait.

 

[wannabeinvestmentbanker]

This is the first market correction I've been old enough to participate in and I have to say it's been a very good learning experience. I have not been active at all yet bar one purchase which I have definitely learnt from .

In terms of volatility, the numbers of puts on the VIX Index has now exceeded number of calls which may indicate the market foresees a reduction in vol. However, the hasn't been enough data on vol tracking indices and options on those to make any statistically significant trends.

 

[Isochronous]

Has anyone bought any of the inverse ETFs? They have done pretty well - especially the oil-themed ones!

 

[Gold Member]

Has anyone bought any of the inverse ETFs? They have done pretty well - especially the oil-themed ones!

I bought BEAR two weeks ago (see my comments up thread two weeks ago). I don’t plan to sell BEAR until the ASX 200/Ords hits 4,500 or lower.

I wasn’t game enough to buy into BBOZ with the gearing.

 

[moa999]

Well done.

Interesting in the US the software companies MSFT, TEAM (Atlassian) have performed very well. Where's banks, airlines, Tesla, Boeing hit hard

 

[wannabeinvestmentbanker]

Property sector the big winner today. ASX Property sub index up 13% after big sell-offs in recent days

 

[Long_20]

APT up 40% also..

 

[wannabeinvestmentbanker]

Makes it hard to stay out of the market with these intraday gains but who knows much it'll fall tomorrow. Given the lower bases the gains in % terms are going to exceed the losses.

 

[wannabeinvestmentbanker]

Has anyone bought any of the inverse ETFs? They have done pretty well - especially the oil-themed ones!

I feel you've got to have active risk management when entering into these. Take oil overnight for example if you were inverse. At least it's less risky than holding derivative positions where margin calls can come into play.

 

[Pushka]

The long view must now be taken but it's all very fuzzy..

I'm not long enough to do that...

 

[earlyriser]

Has anyone bought any of the inverse ETFs? They have done pretty well - especially the oil-themed ones!

I just jumped on BBOZ which seems to be the most popular one. Should be a decent ride.

 

[Gold Member]

I just jumped on BBOZ which seems to be the most popular one. Should be a decent ride.

Big set of plums there Earlyriser. Wish you luck!

 

[Dr Ralph]

VRL up over 55% today.

 

[wannabeinvestmentbanker]

VRL up over 55% today.

No real news but I suspect someone may know something in relation to the two takeover bids on offer from Private Equity. It went into a trading halt just before the close so perhaps may have to relase a statement to the exchange in relation to this rally as their Corona guidance wasn't that compelling.

Lovisa and Cimic were two interesting gains.

I haven't backtested this strategy but buying any stock that drops in excess of 30% in a day seems to look successful where that threshold indicates an overreaciton to the news/release.