AFF Member Stock Discussion

[prozac]

Sold all my WDS mid-$25's into the rise in oil price a week ago then wondered if I'd made the right decision. Now the action is settling I'll be buying back in if it falls further.

 

[Disco]

Sold all my WDS mid-$25's into the rise in oil price a week ago then wondered if I'd made the right decision. Now the action is settling I'll be buying back in if it falls further.

Been dithering around this for a while; can't quite get myself into sell and buyback.

 

[Mr_Orange]

I remember someone on this forum saying they couldn’t keep going up at about $115. Funnily enough they haven’t reminded us of that prediction!

I think that same person said they would buy back in at under $100 which I thought would be a long wait!

 

[RooFlyer]

Commbank! $187.11 at the moment.

I thought I was being really clever and putting a sell order in for some at $183 recently, thinking that if the order was filled, it would have to be the top, surely.....

Just bonkers.

 

[SYD]

I thought I was being really clever and putting a sell order in for some at $183 recently, thinking that if the order was filled, it would have to be the top, surely.....

Just bonkers.

Unfortunately, no one rings a bell at the top nor the bottom…

Take the win and move on.

I don’t need to but I might sell a proportion of CBA - because I can. But the CGT will be massive (on $45 cost base), so ideally need to sell some dead wood to offset. But there’s still the issue of what to reinvest into?….

 

[RooFlyer]

I don’t need to but I might sell a proportion of CBA - because I can. But the CGT will be massive (on $45 cost base), so ideally need to sell some dead wood to offset. But there’s still the issue of what to reinvest into?….

Fortunately I'm retired, so no CGT on the .... ~$45 cost base I also have. . I'm spending the proceeds on cruises I have booked.

 

[TheRealTMA]

Fortunately I'm retired, so no CGT on the .... ~$45 cost base I also have. . I'm spending the proceeds on cruises I have booked.

You get 50% GCT reduction but but how are they CGT free? Bought before sep 85?

 

[RooFlyer]

You get 50% GCT reduction but but how are they CGT free? Bought before sep 85?

The shares are in my self managed superfund in pension phase.

 

[cove]

Yesterday we sold some CBA shares at just under $188. Yes there will be some tax to pay but we bagged a great profit.

 

[tgh]

My CBA cost base is $20.47 , sold 500 @ $160 , the current price is certainly interesting.
Was not me buying back in at $100 but my broker sold his entire holding @ $145 , advised all his clients to do likewise and buy back in when it fell back to the long term mean which was then around $100 iirc...
IF the current euphoria continues, so will CBA but we are ripe for a correction

 

[SYD]

My CBA cost base is $20.47 , sold 500 @ $160 , the current price is certainly interesting.
Was not me buying back in at $100 but my broker sold his entire holding @ $145 , advised all his clients to do likewise and buy back in when it fell back to the long term mean which was then around $100 iirc...

Just cracked $190….

IF the current euphoria continues, so will CBA but we are ripe for a correction

Probably, but will be over $200 sometime later.

 

[Quickstatus]

Probably, but will be over $200 sometime later.

Well, selling means someone is buying...

 

[Cossie]

Well, selling means someone is buying...

But who and why? If it gets to $200, I’m selling and buying an RS200…….

 

[Freq Flier 2013]

Another way to make money is to sell a call option over the CBA shares and make some extra funds. If you believe that share will reduce in xx months.

 

[prozac]

Another way to make money is to sell a call option over the CBA shares and make some extra funds. If you believe that share will reduce in xx months.

Rarely made money buying calls but better than average selling puts. My current broker does not want to bother with instruments which is a pity. There are some good opportunities to sell puts on down market days.

 

[Quickstatus]

sell a call option over the CBA shares

You have to sell at the strike price if the buyer exercises, and the profit is only the option premium if buyer does not. So what strike price?

 

[Freq Flier 2013]

Depends on your personal thoughts. Is $195 or $200 ok or not safe enough.

 

[Quickstatus]

Is $195 or $200 ok or not safe enough.

Reasonable if the option is covered.

 

[Freq Flier 2013]

Reasonable if the option is covered.

I use a broker for all the option trades. Good for an extra 2-3% profit per month. Mainly do sell calls or puts.