AFF Member Stock Discussion

[burmans]

In my view too soon, while the recent economic boost is good there is still plenty of bad health news to come. For me the bottom won’t come until the virus has peaked. This isn’t just about flattening the curve IMO but about peak in terms of numbers in ICU and critical care, a proxy for which may be recoveries exceeding new cases. In my view we will retest recent lows at least once in terms of a technical trigger to watch for.

 

[cove]

The plunge protection team did a lot of work yesterday and that is showing now in the share prices.

 

[moa999]

Today was a wild ride.. helped by it also being end of quarter.

Multiple 3+ % movements in under 10 minutes.

 

[burmans]

The plunge protection team did a lot of work yesterday and that is showing now in the share prices.

Their is no question yesterday/today should have been good news. Unfortunately it didn't last even the day out, and thatswhy I fear we may test the bottom again in a week or too when the numbers in hospital rise. The key question will be if the bottom holds.

 

[Quattro]

Crazy day. Got out after holding CBA for a week. @67.00. It gained another dollar but glad I committed in my head to $67!

Purchased TAH way too early and got out making a small gain. Now I'm back to square one.

Will it go lower.

 

[Dr Ralph]

Crazy day. Got out after holding CBA for a week. @67.00. It gained another dollar but glad I committed in my head to $67!

Purchased TAH way too early and got out making a small gain. Now I'm back to square one.

Will it go lower.

I've been on and off CBA at least 5 times in the last 2 weeks. Back on again today, but it is likely to go under $60 again. Money for jam.

 

[Quattro]

I've been on and off CBA at least 5 times in the last 2 weeks. Back on again today, but it is likely to go under $60 again. Money for jam.

APT?
They will be my two I think.

I'm collecting MQG.

 

[Dr Ralph]

APT?

No interest from me.

My view is that I'm prepared to sit on the stock for the next 5 years if I have to. I wouldn't be prepared to do this with APT.

CSL and CBA easy money at the moment. And if I'm wrong I'll sit on it for 5 years.

 

[Quattro]

No interest from me.

My view is that I'm prepared to sit int he stock for the next 5 years if I have to. I wouldn't be prepared to do this with APT.

CSL and CBA easy money at the moment. And if I'm wrong I'll sit on it for 5 years.

CSL is beyond my capacity unfortunately. Hence the attraction to APT.

CBA, like you, plan on investing in for the highs and lows. It's my first proper foray (27 years old) into the stock market so I'm trying to make as much of a gain (short term)I can on this roller coaster to end up with as much bank stock as I can(long term). Hoping for 10k.

Any input appreciated!

 

[eastwest101]

CSL is beyond my capacity unfortunately. Hence the attraction to APT.

CBA, like you, plan on investing in for the highs and lows. It's my first proper foray (27 years old) into the stock market so I'm trying to make as much of a gain (short term)I can on this roller coaster to end up with as much bank stock as I can(long term). Hoping for 10k.

Any input appreciated!

Bank stocks are good, but I hope you are going to diversify and not just be all banks?

 

[Quattro]

Bank stocks are good, but I hope you are going to diversify and not just be all banks?

I've had and since sold BHP and Rio. Recommend minerals, or?

 

[Dr Ralph]

Dow Jones up over 7.5%. ASX up over 2%. Seems the bottom of the market has now gone.

 

[cove]

It is possible that we could lose some companies from the ASX if they fail to get support for their fund raising.
I have Reece, Webjet, Oil Search, NXT , Flight Centre and a few others seeking funds.
Reece looks the most opportunist.

 

[serfty]

Reece looks the most opportunist.

There's an interesting McCrann article re Reece in the news today.

 

[cove]

Reece paid a lot for Morsco in the US and prices for bolt on acquisitions should be a whole lot less so I will stay onboard.
Their code is REH.

 

[lovetravellingoz]

Dow Jones up over 7.5%. ASX up over 2%. Seems the bottom of the market has now gone.

ASX200 now + 0.27% . With social distancing now working IF countries/regions practice it I think many of the markets may now have already priced in what they expect the economy may be. So I am tossing up on re-balancing my super today to move some of the cash back into the markets. Will keep clear of property or infrastructure though.

 

[lovetravellingoz]

ASX200 now + 0.27% . With social distancing now working IF countries/regions practice it I think many of the markets may now have already priced in what they expect the economy may be. So I am tossing up on re-balancing my super today to move some of the cash back into the markets. Will keep clear of property or infrastructure though.

Decided to still just sit on the cash. ASX down 2% down so far today.

 

[tgh]

It is a very long Covid tunnel and perceptions of a glow in the distance may be premature...

 

[burmans]

It is a very long Covid tunnel and perceptions of a glow in the distance may be premature...

I agree, we seem at the moment to see some glimmers of hope but that's all they are, not rays of sunshine. I'm still expecting to see days below 5000 and possibly even testing previous lows though more positive now that previous lows unlikely to be broken.

 

[tgh]

There is now (arguably) quite a strong glow in the tunnel.
The market may jump as the pressure cooker lid is eased.
It is difficult to see a 6000+ rebound until sales and earnings are examined and updated to the market