AFF Member Stock Discussion

[tgh]

Fund valuations rise and fall , sometimes spectacularly, however earnings and dividends are viewed over a much longer time frame.
We have always been unfashionably liquid and not even the approaching meltdown will see us go hungry.
My investments are in my country and it's future… nothing has changed. ( although I have sold half my jbh shares ….)
I have weathered quite a few financial crises in my time and will ride this one out also.
If it is really armageddon , I will go down with the rest of the world… c'est la vie….

 

[cove]

Tough day today. Most shares are being hit.
I am glad we don’t have any real amount of debt at work nor at home.
Sad day for those with margin loans on shares.

 

[Buzzard]

The market looks like a bloodbath ATM. Maybe there is a lot of panic selling. Could be a few bargains by the end of the day.

 

[amaroo]

One upside - filling the car is getting cheaper by the minute...

 

[tgh]

A massive fall means little without the sales info.
How much selling is there ?

 

[Freq Flier 2013]

I would expect there to be a lot of margin selling today and tomorrow. The market is getting better with every day.

 

[Buzzard]

Surprised WOW is holding up so well.
Perhaps it's all the toilet paper they are selling

 

[amaroo]

Surprised WOW is holding up so well.
Perhaps it's all the toilet paper they are selling

Sales would be booming. People eating in avoiding the walking zombies and the ones that come to your door on pushbikes and mopeds.

 

[cove]

Now the AUD did a plunge against a weak USD a few minutes ago. I wish I had Euros.....
The ASX is down about 18% from the peak just 3 weeks ago so there is quite a bit of panic.

 

[I love to travel]

Now the AUD did a plunge against a weak USD a few minutes ago. I wish I had Euros.....
The ASX is down about 18% from the peak just 3 weeks ago so there is quite a bit of panic.

Any insights as to tge reason for the plunge?

 

[cove]

Usually more sellers than buyers causes markets to dip. That is usually where fear overtakes greed.

 

[Mogul]

Less demand for Aussie exports so less demand for Aussie $$$.

 

[Pushka]

I hold just one share now personally. (I'm not even looking at our super portfolio right now.) But that has actually gained over the last few days. Today up by 2.4%. Northern Star. NST. I have no idea why the market took so long to react because other than the last week it's been bounding ahead when it just shouldn't have.

 

[tgh]

Drifting lower all day, no support at all at these levels…..
A weak us market overnight and we may be in uncharted territory tomorrow (in terms of the speed of the collapse)

 

[earlyriser]

Drifting lower all day, no support at all at these levels…..
A weak us market overnight and we may be in uncharted territory tomorrow (in terms of the speed of the collapse)

So, go shopping on Wednesday or wait for some good news? I have a feeling good news on a CV treatment might come sooner than what has been stated.

 

[tgh]

If you have a long view , ie intend to hold for 5 - 10 years or longer .. you probably can't go wrong buying at these levels.
There is , however, a real risk of an economic crisis now and the markets could go much lower.
Markets mostly recover all losses quite quickly but it has just taken us 13 years to top the oct 2007 peak of 6700 … caveat emptor !!!

Good news on a cv vaccine could see it all steam back.
Considering the massive amount of money involved.. the irrationality of share markets is always interesting.

 

[Sabot]

One upside - filling the car is getting cheaper by the minute...

Not if you work in the energy sector.

Prices never drop as much as people expect, most of the majors are integrated now, the difference between production costs and distribution profits remain internal.

 

[Dr Ralph]

WBC could be a good buy ATM offering a gross dividend of about 10% based on the purchase price.

Im on today for under $20 a share.

 

[ja1]

So the final market drop on the ASX200 was 7.33% (455.6 points). Almost everything dropped but it is interesting looking at how a bunch of companies might have dropped 5 or 10% in a day - but they're still up 20% on their price a year ago.. even after the price as dropped.

So not everyone is necessarily losing money (though I don't doubt lots are). Some people are just not making as much money as they thought they had made 2 months ago?

 

[Dr Ralph]

Trading on the New York Stock Exchange halted because of the large drop.