AFF Member Stock Discussion

Dr Ralph said:
Average your buy in. I started yesterday with CBA.
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I bought CBA at $58 today. Not long before close it was $66. I'm no day trader, but I decided to dump what I had bought today. Unprecedented stuff for CBA!

I also picked up some CSL for $260. Sold for $310. Again, I wouldn't normally be even remotely interested in doing this, but extremely happy to turn this over in under 4 hours. When you can make this much profit in such a short period of time it has to be taken.

You don't get opportunities like this every day.

Let the roller coaster continue!
 
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CSL was a good buy today

Did you buy ?
#1 son in sfo was bullish for buying CSL and COH but for some reason expected asx to bottom this coming monday
Has he missed the nadir or was the recovery a sucker rally ?
Interesting times
 
tgh said:
Has he missed the nadir or was the recovery a sucker rally ?
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No idea,

But I would say that buying a quality stock today will reap benefit in the long run.

If CBA, NAB, ANZ, WBC, etc go bankrupt then there's a whole load of pain for many many people. If they take 5 years to gain 25% of their current value in share price I can live with that plus the dividends they are currently paying in between this time!

I got very lucky with a couple of day trade today that yielded 10+%. These were definitely stocks that I was prepared to hold long term and which I was confident long term would have delivered solid results.

I'll happily buy them back again next week if they fall again and in the case of CBA may even buy it back again at the level it closed today with a long term view.

But tonight after the successful (unexpected) day trades I'm opening a bottle of this from my cellar:

 
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tgh said:
CSL was a good buy today

Did you buy ?
#1 son in sfo was bullish for buying CSL and COH but for some reason expected asx to bottom this coming monday
Has he missed the nadir or was the recovery a sucker rally ?
Interesting times
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Plenty of volatility in the coming weeks. Who knows where this is going to go.

Monday may still be a buy opportunity for your son if Wall Street goes pear shaped and more bad news comes out over the weekend.
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Dr Ralph said:
No idea,

But I would say that buying a quality stock today will reap benefit in the long run.

If CBA, NAB, ANZ, WBC, etc go bankrupt then there's a whole load of pain for many many people. If they take 5 years to gain 25% of their current value in share price I can live with that plus the dividends they are currently paying in between this time!
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If our banks fo bankrupt, the global financial system will have collapsed, we'll all be unemployed and oil will be free.
 
Long_20 said:
Plenty of volatility in the coming weeks. Who knows where this is going to go.

Monday may still be a buy opportunity for your son if Wall Street goes pear shaped and more bad news comes out over the weekend.
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If our banks fo bankrupt, the global financial system will have collapsed, we'll all be unemployed and oil will be free.
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Very much agree. So even though I'm very much over exposed to banks at present, I'll be buying more at these low prices.
 
Long_20 said:
Plenty of volatility in the coming weeks. Who knows where this is going to go.

Monday may still be a buy opportunity for your son if Wall Street goes pear shaped and more bad news comes out over the weekend.
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If our banks fo bankrupt, the global financial system will have collapsed, we'll all be unemployed and oil will be free.
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futures for US looking surprisingly positive however!
 
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I’m expecting our market to drop further in the coming days/weeks when the US and Europe finally ramp up their testing and fear peaks when all the numbers grossly exceed expectations. I will probably back the truck up at that point. In the meantime and for long term investors, averaging in now isn’t a bad idea If you can stomach a couple of months of volatility.

Despite terribly slow and disorganized uptake from central banks, I am optimistic that credit and bond markets will be accommodated with sufficient liquidity to ensure they don’t seize up and create GFC style structural issues. I still hold grave fears for a global recession led by poor corporate earnings, guidance and debt/covenant breaches in the US and Europe.
 
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The Saturday morning close for SPI futures looks relatively subdued at just 1% given the huge rally in the US.

I'm a little disappointed I didn't pull the trigger yesterday. I'm under compliance rules including a 30 day holding period so the volatility can cause some stress when locked into positions but I am a long term investor.

What are people's thoughts on EM and Asia focused ETFs? I went into CNEW just before Christmas and I'm still up respectably when everything else has been falling. China is somewhere where yiu need an element of active selection.
 
Long_20 said:
Wall Street was really craving some leadership from the administration.

But I would've be sure that we're out of the woods yet.
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Well words come out of people’s mouths, including the F bomb in mass media (sigh) but did the job didn’t it.

I suspect will still be more shocks and dips and buying opps as the case number in US explode they simply haven’t scratched the surface yet.
 
I've always thought the share market would work so much better if:
1. Companies were not permitted to do share buybacks.
2. All shares have to be paid for immediately.
3. Borrowing of shares was banned.
4. All shares must be held for a minimum of 6 months.
 
jb747 said:
I've always thought the share market would work so much better if:
1. Companies were not permitted to do share buybacks.
2. All shares have to be paid for immediately.
3. Borrowing of shares was banned.
4. All shares must be held for a minimum of 6 months.
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Work better for? Naive people?

Catasrophic stuff! Anti competative! If any of those things actually applied I wouldn't make even 10% of the money from the market that I currently make!
 
jb747 said:
I've always thought the share market would work so much better if:
1. Companies were not permitted to do share buybacks.
2. All shares have to be paid for immediately.
3. Borrowing of shares was banned.
4. All shares must be held for a minimum of 6 months.
Click to expand...

I disagree with this. One of the consequences of a free market is that sometimes it acts irrationally. But over the long term, markets will find a fair price for each company. If not, there will be arbitrage opportunities.
 
Buybacks are little different to dividends, just slightly different tax implications for end investors. Very rarely large enough to make a substantial share price impact.

Shorting just helps establish equilibrium.
Your typical share buyer buys when they think the price is low and likely to increase (and hopefully sells at the top)
The short does the reverse. They borrow stock (typically from super funds) when they think the price is high and likely to fall (and hopefully sells at the bottom)

Doesn't always work. Plenty of short sellers burnt on Tesla recently, and over the years on things like flight centre and jbhifi locally.

And at the bottom they actually support the share price as they buy back in.

For an individual investor I agree that borrowing/margin loan/CFDs etc are playing with fire. Remember the companies you are investing in are already geared (sometimes heavily) and adding on top of that just increases volatility but some are happy to take the risk
 

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