AFF Member Stock Discussion

[Steady]

With Cromwell we tend to accumulate them around 79 to 80.5 cents. Below this would be nice.

a bargain at 70 - 70.5 today then?

 

[Dr Ralph]

I'm on WBC, WAM and VAS today.

 

[SydneySwan]

Market down 3.55%. My portfolio down 2.88% so in funds management parlance I outperformed the benchmark today. My best stock (RMD) was actually up 0.20 % (6 cents) and my worst (LNK) was down 6.40% (27 cents).

So whilst I pat myself on the back for my outperformance I still lost the equivalent of a Qantas J return to London. Ouch! Tomorrow is another day.

 

[I love to travel]

a bargain at 70 - 70.5 today then?

I have been trying to work out why they have had a shocker of a month

 

[Mr_Orange]

914 stocks on the ASX hit 52 week lows today. That's around 38% of all the stocks that are currently listed on the ASX.

 

[burmans]

Buying opportunity?
Also Agree with @tgh that super funds attractive for tax grab (nothing like retrospective actions killing a lifetime of planning). If Malcolm was happy to do it - it is a given it will be ‘looked at’
Jo Public does not care about people w millions in super….

Without being too political would note that however Labour as the originator of super being for retirement only have been quite strong on protecting super, it’s been LNP governments who have been keen to raid super (not least because it wasn’t their idea). Not ruling it out but probably only for the top end, I.e. those with tens if not hundreds of millions in super. Won’t impact most of us (mores the pity).

 

[burmans]

I have been trying to work out why they have had a shocker of a month

Mr market! How much borrowing do they have may be a better question, it may not actually be true in their case but property trusts are frequently reasonably highly leveraged so are highly impacted by interest rate changes. This may not a tube true here but in a selling frenzy not sure how closely people spend investigating such things.

 

[moa999]

Looks like a recovery day on US markets

 

[Mr_Orange]

Looks like a recovery day on US markets

I'm not so sure.....

 

[MARTINE]

I'm not so sure.....

 

[Mr_Orange]

Well, at midnight last night the markets weren't looking too shabby but by this morning they had closed down with an overall down bar. I suspect we will see more red on the ASX today.

 

[MARTINE]

Well, at midnight last night the markets weren't looking too shabby but by this morning they had closed down with an overall down bar. I suspect we will see more red on the ASX today.

Yes…. Have my orders lined up ….

 

[drron]

I expect a couple of bounces but I don't think we are anywhere near the bottom.
I may sell some more on the bounces but won't be buying yet. The numbers just look bad. For instance 77% of US stocks are below there 200 day average.

 

[MARTINE]

I expect a couple of bounces but I don't think we are anywhere near the bottom.
I may sell some more on the bounces but won't be buying yet. The numbers just look bad. For instance 77% of US stocks are below there 200 day average.

Yep
sold my crud to reduce some CGT

 

[drron]

I have a personal trading account as well as our SMSF. It dawned upon me as having worked basically full time I had paid a lot of tax. next financial year will be next to nothing. So I decimated my trading account. a lovely loss but I am pretty sure I will be able to buy them back at a lower price and profits any time after July 1 will be taxed a lot less.

 

[Mr_Orange]

A wee bounce today although probably nothing to get excited about.

 

[tgh]

One might opine that all that has happened is the froth has been blown off.
If , however ,we are at a baseline of hard market value, any more significant reversals might indicate a real value decline...

 

[burmans]

There is a fair bit of narrative about the RBA not lifting early/fast enough locally but given much of the inflation is imported having them (other countries) wear the pain earlier/harder probably means we won’t need ultimately to raise rates quite as much. And, (while painful) such a large rate rise is probably what was needed in the US if they want to get inflation down quickly, short term pain for long term gain. IMO this latest sell off just reiterates how short term focused most of the ‘market’ is.

 

[Mr_Orange]

The S&P 500 futures just filled my short trade so it looks as though there might be more downside to come tomorrow....

 

[MARTINE]

One might opine that all that has happened is the froth has been blown off.

Yes…..more of a macchiato market now after the cappuccino chaos