AFF Member Stock Discussion

[serfty]

I timed it right this time. Went to 60% cash back in March and sold a little since. ...

I went 100% cash just after Christmas not wanting to get burned as happened in earlyish 2020.

Just need to speculate on the nadir but no rush.

 

[SydneySwan]

ASX in a reverse upward movement today again.

 

[MARTINE]

ASX in a reverse upward movement today again.

More twists and turns than an olympic gymnast

 

[There'sOnlyOneJimmy]

For context, this is the ASX200 Chart for this Financial Year to date…

 

[Mr_Orange]

Here is a more useful chart:

 

[SydneySwan]

Here is a more useful chart:

View attachment 281674

I feel better already!

 

[Mr_Orange]

I feel better already!

I thought you might .

Note how the "press" can be manipulated to tell a particular story to either instill euphoria or fear.

 

[MARTINE]

I feel better already!

Anyone got the one from Black Tues Oct 1987?

 

[drron]

I thought you might .

Note how the "press" can be manipulated to tell a particular story to either instill euphoria or fear.

Though your chart says another 20 - 25% drop from here to get to the 2020 low. And the trajectory of this weeks chart says we are likely to get there with a weak resistance just below 6000.

 

[MARTINE]

I thought you might .

Note how the "press" can be manipulated to tell a particular story to either instill euphoria or fear.

Yep
We all know the markets are driven by fear and greed / as the oracle of Omaha said ‘when people are fearful be greedy and when people are greedy be fearful’

 

[There'sOnlyOneJimmy]

Here is a more useful chart

As Mr. Dundee would say, that’s not a chart, *this* is a chart…

 

[Mr_Orange]

Anyone got the one from Black Tues Oct 1987?

 

[Mr_Orange]

Though your chart says another 20 - 25% drop from here to get to the 2020 low. And the trajectory of this weeks chart says we are likely to get there with a weak resistance just below 6000.

We aren't even below the key retracement level of the March 2020 low to the January 2022 high. That's still bullish.

 

[tgh]

Of course the headline price is…"interesting" …really just what folks are prepared to pay today.
Something like the value and quantity of shares traded laid over the daily market bid trace would be an interesting graph.
Understanding who is lightening by how much and in what categories would be useful for us mug punters.

 

[TheRealTMA]

Of course the headline price is…"interesting" …really just what folks are prepared to pay today.
Something like the value and quantity of shares traded laid over the daily market bid trace would be an interesting graph.
Understanding who is lightening by how much and in what categories would be useful for us mug punters.

IMHO: Good time to put money into Super at low unit prices.

 

[serfty]

As Mr. Dundee would say, that’s not a chart, *this* is a chart…

View attachment 281675

View attachment 281676

At the age of 64 I am not interested in 30 year charts any more.

I bailed after boxing day! (Having made some hay in relation to those thirty year charts )

 

[MARTINE]

View attachment 281676

Tx Monsieur Orange…. A mere blip … but of course even smaller % drop from a higher baseline can be $xx_xx
I recall working in a practice at the time (Oct 87) with a colleague who leveraged+++++
Think he took the afternoon off….

 

[drron]

I am not presuming that the market has reached it's lows. There are quite a few commentators suggesting the US maket could lose another 20-30%. If it does we are very likely to follow unless it is really different this time which I doubt.
Just look at this list of US companies and their fall in share price.


With those sort of losses this won't be just a share market blip. You have to think there will be many job losses which will most likely lead to a US recession. That won't help the share market recover.

 

[Buzzard]

Reminds me of that album by The Sexpistols
Never Mind the Balance Here's the Chart

 

[cove]

We used Zillow to buy in the US. Never bothered to become an owner especially when Zillow started buying properties using a bot.
For searching out properties we found the Zillow site quite helpful.