AFF Member Stock Discussion

[cove]

I bought CBA and PrimeWest today. CBA will emerge from all of this in pretty good shape I think.

 

[Buzzard]

My CBA order was filled so I'm happy.

 

[Mogul]

Still another 30% drop to come once essentially the world is in lockdown. The US will be a cough show for 12 months or so, hopingthe $AUD will bounce as a result.

 

[cove]

I will buy some more CBA if they drop to $40.

 

[Dr Ralph]

Anyone have cajones today?

Bought GEAR and TCL Transurban at 10.10am and sold out at 2.30 and 3.30 for a nice return for the day.
Missed the late peak but a good day.

Also chucked a few $s as a long-term hold in MOE Moelis which is a mini-Macquarie but heavy on the property/pub side and is down 75% from highs.

I'm in for today:

ALL
WOW
NAB
CSL
CBA
WAM

 

[amaroo]

Interesting....



Could be a bigger problem around the corner if there is a run on the super funds.... contributions are also about to fall off a cliff.

 

[wannabeinvestmentbanker]

In counter, it didn't take that long for the S&P500 to reach record highs post GFC.

Second, I wouldn't be more than 30% exposed to domestic equities. The Aussie market is going to run into capacity issues with the Super Funds having so much cash to deploy and our index is far too biased to mature industries than aren't riding the wave of disruption/innovation. Financials have been very underwhelming and make up 35% of the index.

 

[amaroo]

The big Q, will this crisis be more like the GFC or the Great Depression?

The early numbers don’t paint a pretty picture.

 

[amaroo]

How many of us have started the back of a fa_ packet calculation on how many ADI's you need in an attempt to cover your position.

I see the SuperFunds have hit the media trying to talk people out of withdrawing.... feels like the starters gun has already started that run.

 

[tgh]

I was planning to soak up some more liquidity in the market but have decided not to do so.
IMO we are now in uncharted waters with the barometer dropping fast.
I will hang on to all the cash I can.
I expected dividends to halve but it seems that it may be much worse.

 

[Dr Ralph]

I'm in for today:

ALL
WOW
NAB
CSL
CBA
WAM

ALL up over 16% today. I cashed out.

Seems I am now a day trader!

 

[wannabeinvestmentbanker]

If it's tax effective it's probably not a bad idea. Seem to be a lot of false rallies so my 30 holding period rule excludes me from participating currently.

 

[Buzzard]

I suspect that the market has not yet bottomed out. Markets are down 30% over the past month and it's the fastest 30% drop in history.
Time will tell but I think for those with spare cash the buying season is far from over.

 

[amaroo]

Cut and paste from the Oz.

Fears major funds may ‘freeze’ superannuation withdrawals

A statement from Industry Funds Australia - an umbrella grouped for union-linked industry funds - warned funds could face difficulties in honouring a sudden and large volume of withdrawal claims: “The last thing anyone wants is for stressed members to face prolonged delays for access to their super due to administrative bottlenecks,” the statement said.

 

[moa999]

As well as the ability to release cash, industry funds in particular have a valuation issue due to higher percentages in unlisted infrastructure.

What's Melbourne, Brisbane or Perth airport worth these days?
The listed SYD (Sydney Airport) is down about 40% from last year highs

 

[cove]

Big rally tonight in the US.

 

[earlyriser]

Big rally tonight in the US.

It will be short-lived. They are on track to take over Spain and Italy for cases and job data is coming later in the week. Also, Donald Pump is delusional.

 

[cove]

Yes a recovery will not be a straight line upwards for share prices.

 

[Dr Ralph]

Dow up more than 11%

 

[tgh]

Donald chump is taking America back to work, ( in his dreams) and that has probably sparked a big sucker rally.
The fat lady has not even arrived at the theatre