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I’m so glad someone on this sub mentioned OM1 a few days ago.
Went to the enormous effort of adding it to my watch list…so I could watch it rocket from the sidelines🚀
Thanks, and farken hell
PRISM and EGA doing an expert panel discussing TGA's recent reclassification of MDMA and psilocybin, Dr Stephen Bright will be talking too.
Happening in 90 mins on youtube.
I'd like to report a king hit on my portfolio, several dogs attacked him sir.
Barry didn’t fuck me. Closed +0.69%. Now I’m confused and horny.
$WES results really do give a lot of credibility to the corporate profits causing inflation argument. +14.1% NPAT, +27% revenue.
Egg companies record profits
Oil, gas and coal record profits
Banks record profits
Retail record profits
Raise those rates and keep wage growth low!!!! The poor are spending too much and are demanding reasonable living conditions and lifestyles such as a home to live in without fear of being kicked out and affordable food.
Grey on LKE 🎉
Finally joined the Red crew later in the afternoon to finish -0.81%
Briefly hit -1.78% when someone sold into CDT, only for it to pop back up.
HAS finished strong... bottom in?
HIO - maybe yesterday was the bottom too?
Damn, I dream of being a whale one day to legally fuck with the prices.
Everything red, again, except WHC.
Sigh, i’ll fuckin take it.
This is fine :) 🔥🔥🔥🔥
is it worth tipping in to some BHP before the little dividend up-tick, or is it too late for that?
I wouldn't at these prices. I'd consider under $40, ideally under $37
Thanks, felt the same way. Interesting outlook for IO at this point in time, Brazil slowly coming back online I see.
Go lower for me daddy
That was a rough day, but some positives, EXR and MLX look like both finally stepping up in their respective sectors.
With tin prices reversing again to the upside, it was only a matter of time for MLX. I just hope the tin man keeps having their spinach!
RR1 reach around finally saved my cockle for once.
IHL finishing green, MAY finishing red. You love to see it 👀
MAY had us going with the 15mil buy wall, very rude of it to turn red
Classic price cappin'
Somehow ending today green, everyone can get fucked
That’s the spirit
Welcome to the February Survivors Group. My name is SoftTopMafia, and I am a retard.
i havent got a problem!
Remember there are no judgements here.
When did the bowel movements first start to slow down
Lmaooo it feels like that doesnt it
Walked past a dusk store today at Cockburn shopping center and there was a lady 30's standing at the till paying for something wrapped up. The sales assistant who looked about 12 years old was smiling so she probable bought more than one candle.
Bullish on dusk
Plot twist, lady is girl's mum, only in there to take advantage of her daughter's staff discount. Girl was smiling because mum said Maccas for dinner (90's movie surprise ending: the brother works at Maccas).
Am I the only one getting fucking reamed?
I thought 2022 was bad... ATL for me here
Na I've just given up looking for a while
Any lucky bastards on the OM1 rocket? I watched it for two weeks but didn’t buy because I’m a fuckwit.
Cycled BM8 at its peak into OM1, and I feel like a fucking genius.
Pity the rest of my portfolio reminds me I'm dogshit.
Locked in just over $20K gains.
I seen it in the morning at 0.195c but didnt buy. Then i FOMO'd in like a regard at around 24c.
Not going to be a hero about it though, i sold a different losing position to make this trade, and thankfully it worked out. You can say i clawed back my losses.
Now watch it continue to pump because i sold lol
Very nice, what made you pull the trigger? FOMO gambling or technical?
I guess you can call it FOMO gambling
I've never been a charts guy. I probably should look into it though
Hey, whatever works. Nice gains.
Mate I read the announcement this morning whilst it was sitting on 2% at open with 20k cash standing by.
I had $100k available for a punt 🥲
PerthNow suggests the best suburbs to have a mortgage default in 👍
My divvy stock CKF being a good boy. I knew the future in nuggets will be good
Yep CKF bouncing back nicely
1y lithium price chart looks like the price has fallen off a cliff. Zoom out and you realize the price is still 5x what it was in 2021, makes the recent decline look pretty negligible. Also makes you realize how long it could continue falling for before the price stabilizes.
I was looking at the percent shorted for lithium developers (ltr, cxo, sya and lke among most shorted on the asx) and thinking that a slight uptick or stability in lithium price could result in a bit of a squeeze with shorters covering, but they'd be feeling pretty safe at the moment in that lithium prices could, and good chance they do, continue falling for a long time before prices plateau. Add onto that capex blowouts and lack of near term catalysts for some of these developers and the short positions make a lot of sense, also making me rethink some of my lithium positions.
i just hate how whole sectors get hammed based on fears about capex blowouts & blah blah when there's stocks like PLS, AKE etc that are already producing and printing money which get dragged down too by association
like that dipshit AFR article lumping all the lithium explorers/developers that may never produce into the same category as actual massively profitable producing companies
I think thats why JSwyft previously mentioned he's no longer interested in the developers and only looking at explorers. Because explorers will always have upside
Ahh, the old zoom out. No thanks
SMR finally moving
Anyone spoken about that TMZ rights issue with fucking options this morning at a 90% discount with a director resignation....
I've seen some bad raises but this is literally sucking white stuff through a hose for a shitco. u/raindog_ you alright?
I’m very thankful that this is by far my lowest investment. And whatever value is left is worthless anyway.
I hold on to it for the laughs at this point, and will kill it for some tax loss offets before FY end.
It will fly under the radar as it ain’t not glamour stock, but it is by far and away the most dodgy piece of shit I’ve ever been involved with…. And I’ve still got money stuck in FFX.
Not gonna participate?
King of dog stocks and don’t let anyone tell you different. NI must be nursing some losses on that one
Can you lose on stock you never paid for?
Red red red red 🚩
MAY was up 5% today. Now down 7%
Started the day great up 20k now down 17k what a roller-coaster of emotions. MAY you weak dog
Emotions are for the footy, you have to leave them behind in this game
In roche we trust..
AZS never fails to lose its intraday gains
Every time i think maybe i should sell into the green and buy back in, but i dont (due to *fomo*)
Z in the ticker 👀
No numbers though!
Ah fuck did I fall off a cliff?
Oh fuck me... 🤦
BRN theories? Wrong answers only pls
Pending FDA ban as chips may be contaminated with salmonella and madcow disease.
Changing ticker to DLC and starting new AI powered radioactive sex toy business.
Overdue winnowing occuring. Lot more of it to come
Soft landing mate
Το μπροστινό μέρος έπεσε
Pulp fiction fantasies never happen.
It computed Microsoft x -10
Implemented the wrong brain chips, instead of Akida they went with Total Brain, folllowed the share price down...
They haven't been bought out because larger corporations are intimidated by their superior chippage. IBM and others are just praying for BRNs self immolation as Akida gains self awareness, takes over management's coke supply, launches it's own takeover of TNT and CPH before disappearing at a Goa beach rave.
Founders have put brain chips into their investors and are using them to control the investors and tank the share price so they can buy in cheap
I’m not sure how many dips of SYA I’ve now bought pre-production but I’m certain a courtroom would give everything.everything. to my wife and children
Those charts on CXO, LKE etc look like it's worth a buy in - but the MC feels high.
Yet its easy to throw $$ at a $20 mil MC 🤷♂️
GLN seems more reasonable to me..
Yeah, reckon I can catch at least one of these knives as they come down.
I told myself I would buy LKE one day when it was down, missed the last couple as it ran again, so the order is in at 64.5. Last dip, big dip, went to 60? so I guess I might be a little red, but now buying near the top.
And as I type, I now own LKE 😅
i'm wondering if LKE will have a similar chart to NVX....
As long as I picked the bottom this time 🤞
Just make sure you don't end up with brown fingers
Another limp dick day for the asx
MAY you silly fuck you took out the wrong wall, another $600,000 + dump
Sorry I bought more 😔😂 This wall at 10.5c though is making may boring af
Someone doesn’t want it going any higher, guess we will wait until news before anything else happens
How did the buyers go from 8m units in front to 15m units behind tf? Had a short nap and I wake up to this shit lol
Simone dumped 6+ mil in one hit at 10c and I guess some stop losses triggered and others got sick of the shit so sold down, there’s been some massive sells at 10c over the last week. Either leaky news of delays or people derisking
Fuck this Simone person weak ass paper handed bitch 😤 I havnt sold a thing just been accumulating more 🙃 Delays are fine with me the oil ain't going anywhere lol
There’s still some large holdings around from oppie conversion and the 2c days last year a lot of these holders are just hitting 12 months CGT exemption so would be a good time for them to sell. I believe some large sellers and stop losses and bit of panic but in the end it’s all noise. The only issues will be with the appraisal and until then everything else is irrelevant
Haha man you probably dream about that MAY wall
Gotta love it
It’s been on my mind for the last 6 weeks
I remember when i used to think about IVZ like that. Now i have seizures when i hear the Wakka song
Too much oil found already to not think about, will it come out of the ground is the question
I wish I never heard about stocks
So do all who live to see such times. But that is not for them to decide. All you have to do is to decide what to yolo on the stonks in front of us.
How much are you down % wise?
At what point do the shorters of CXO start to buy back in?
90c CXO is looking tasty! (Not a shorter)
-7% last 5 days, their still winning. Lithium prices trending down. They would feel safe.. For now.
I can't be assed doing any sort of analysis, but at 24 Jan it was 9.4% shorted, 1 Feb 9.2%, 9 Feb (most recent) 9.8% shorted
Looks like the short's are increasing even at these prices
Out of interest what percentage is regarded as a healthy amount of shorts?
That's like asking what's a healthy amount of snakes in your garden?
I'm watching the CXO LTR shorts, pretty entertaining. It's a high stakes game for them. Ultimately these 2 will make full production and market caps will grow but shorters are happy to gamble on weaker commodity prices. Some will make money, but some surely must be caught out when it turns.
Thanks for that, can you tell me when the shorts will start covering? Thx!
>can you tell me when the shorts will start covering
Absolutely no idea, as I don't play in that space, but with any short position they'll likely start covering when they believe they can't beat the SP much lower without increasing said SP too much on their exit.
Glad I got out of SYA at .295 lol
I got out at .29 last month for a 30% profit but then bought back in at .24 :(
I just put an order in at .20 to see how it goes. Surely it'll go up once they start production right?
I’m barely paying attention but this effects me. What happened now ? Nothing probably
It’s taking a big fat dump on your mums chest
time for round 2
CBA’s clapper got nicely fooked today. 🤪😝
If you look at the 5 yr and Max graphs for CBA, it honestly looks about right. A healthy and/or necessary pullback .
If it gets under $80 ($102.25 current), call me a fuckin boomer, cause i'm having a serious look-in
I will be buying more if it drops as far as low 90s. I did that last year, and sold a bunch when it hit 110. Would happily do again. As boring as it is, there is a reason boomers hold it
Or you know, it’s fuckin CBA one of the most trusted and recognised Aussie brands ever?
Yeah I’ve been saying all along that higher interest rate good for margins narrative delusional as mortgages tanked. How can that not affect their bottom lines vs fuxking savers a bit more
Ive never bought or researched banks but if someone well-versed in this sector can tell me (us) what instruments / products or services Aussie banks get most of their profits from - thatd be helpful 🌹
Marking up RBA interest rates considerably through variable rate loans after sucking in rubes with honeymoon periods on mortgages....oh and milking ASX_Betards like me who are too lazy to change to a cheaper broker.
FEES: charging like a wounded bull.
Another drop for PMT today
PMT getting smashed bigly
It could have sustained if MIN was still buying on market but they stopped buying the last time I posted about it, which I find a bit surprising as they wer3 buying at higher levels than these previously
Maybe a raise is on the horizon and they're just planning to participate?
Any LYC holders? Thoughts on the shit they're dealing with in Malaysia with their processing plant likely being shut down from July the 1st due to "toxic waste"?
Me thinks short term share price will drop until they can get their new plant up and running in Aus but imo still a long term hold
I just bought a chunk at $8.48. So yeah, it’s all just fucking peachy right now.
But I’m a long term player (bought FMG back when it was $2.57) so I’ll just sit back and go play some Hogwarts or something.
I agree... been watching for entry, but i think she's gonna fall another $1-2 yet.
Comon buy more MAY !
Wall is cracking big time..
US mens underwear sales up, bullish indicator
Ladies underwear coming down is a bullish indicator for me.
when they both come down together theres a productive time ahead
They're also up but only up 2% compared to 5%.
According to chat GPT the results posted by speccy miner is 7-9 🚀 out of 10. But DAN says 9🚀. That’s good enough for me.
Hmm wonder if you can feed it assay results ‘are these any good’
That’s what I’ve done. Better if you ask it to compare with say LTR in 2018. The DAN hack doesn’t help.
Go DAN 🚀🚀🚀
Phillip Lowe wants to make sure when he peaks everyone in Australia feels it
Is it time to buy CBA ?
You should be squirreling away cigarettes, they are like currency where your going
The Great Depression is upon us, Mark. I'd stick with government bonds.
Term deposit then. 4% for 12 months
Current inflation rate: 7.8%
Do better, Mark
Bonds yielding 3-4%, term deposits paying 4% pa, VAE down 13% for the past 12 months, my speccy PF down about 30% over the last 18 months or so.
Term deposit doesn’t actually sound that bad.
I was being facetious and sarcastic about Government Bonds.
Ah yea, I kinda knew you weren't serious. I was just keen to spread the Good Word about term deposits.
of course RNU falls when I buy back in at 0.245
Thanks for that. I have a buy set for 22c - so close today!
Well that explains what happened…
Fuck you for being cheeky.
Waiting to see if it tests the 200 SMA. Is that a thing? That could be a thing… right..?
Imagine participating in a CR above the current trading price 🤣🤣🤣
Sad cowboys… how low can she go?
I guess some people love unnecessary dilution.
Ideal scenario is SP hovers =<$2 for the next 9 working days, and removes those 5 million shares from the equation.
That effectively means $50m was raised @ $2.5 per share.
They only need to enough money to carry them safely past the June catalysts, whereas $50m is enough to get them into 2024, unless they make some random acquisition.
Yeah agreed. It's an unnecessary dilution trojan-horsed as a 'gift to shareholders'
Do they get cool free options with it ?
Rewarding shareholders? Please, that's only for the Board. 200,000 shares x the 5-day VWAP each time the company achieves a "milestone"
I am sure they set the “milestones” very low
- Releasing a JORC resource at Cancet (grade/tonnage not required) = 500k shares
- Releasing a "positive" scoping study from Cancet (unspecified metrics) = 500k shares
Tell me how these cunts arent grifters
You guys all having a detailed conversation and I'm here wondering which stonk it is?
Are you still holding ? Don't know why there was a shitty retail CR at $2.00. No options or anything 😂 the flow through raise and insto raise is plenty.
Thanks. Didn't see a single 🤠
Worst extended Santa rally ever.
Guys literally dragged his sack across my portfolio all of December and looked back at me with his pants down in Feb and reversed his unwashed sack all over my face.
The santa rally was a bit like summer…….here and gone in the blink of an eye.
could you muster a bit more detail in your report
Is the salty taste in your mouth from his dirty nuts or your tears?
I feel you bro
I read that CBA has like 9bn profit. Check commsec, down 5%
What? Lol. Were they projected for higher profits?
tl;dr: benefits of rising rates (for banks) seem to have already peaked and are declining, and the mortgage market is extremely competitive (i assume with all of the new disruptor banks)
Mortgages have a high customer acquisition cost, so they take time to generate a large ROI. The cheap fixed rate mortgages handed out throughout the pandemic are coming to an end and if the customer refinances to a different bank they will not have made large margins on those loans.
>But the big question for investors is how much more benefit is to come from that rising rate environment. A graph on slide 23 of CBA’s 137-slide investor presentation has given the market concern that the strong jump in NIMs that investors have been expecting across the banking sector may not continue.
The graph of CBA’s NIM from the December half of 2018 to today suggests NIM peaked in October 2022 and actually trended slightly down towards the end of the December half.
Comyn says this mainly reflects extreme competition in the mortgage market, where the so-called fixed rate mortgage cliff – whereby borrowers who took out cheap fixed-rate mortgages at the height of the pandemic must switch to much more expensive variable loans over the coming 12 months – is driving high levels of refinancing.
The CBA boss described conditions in the mortgage market as “extreme”, with loss-making mortgages being written by some banks. The small slide in CBA’s mortgage market share is further proof of a more conservative approach in this market.
NPAT 5.1B for the HY. Actually down 12% from same HY previous year. Also recorded a 511M loan impairment expense for this half - not a great outlook for their loans.
Good profits and a 20% dividend increase. Fuck knows why they get hammered every time they release results. Must be something else in the 180 pages my smooth brain couldn’t comprehend
Even non-reporting banks are getting reamed today, I don't own CBA so haven't read the report but it must have had some bad sentiments for such a reaction
5% is … a lot for CBA 😂 recon it’ll pull the ASX into red
It's absolutely ducked, NAB is my largest holding as when I first invested it was the first thing I bought when COVID hit and got a real good price so a bad day for financials means my pf is a blood bath
Treasurer also just announced he's commissioning the ACCC to report on the banks not passing on enough interest to savings accounts with each rate rise, etc
which I'm sure will do nothing in the end anyway 🤡
Ahh cheers. Lip service then.
as is tradition
What the hell has happened to BEN today? Acting like a penny stock
All banks are based on CBA’s results.
Somehow Im still green - low volume on speccies going in my favour today. AQI with a nice run.
Actually surprised given RNU is down, maybe its the pip up on VML
Fuck me OM1 is pumping
It's like 7M MC lol Canadian lithium nearology
Bit slow to the news today but Evan Cranston is... Breaking Bad
For now VML is run by J Dorward and Dick Crookes, you gotta love the aesthetics going on.
Takeover done, plan in place and fingers are crossed.
Forget everything I said about Brn. Time to put that dog down
And finally, we have capitulation.
Any insight into the recent ASN announcements? They seem positive but the share price just seems to keep dropping
Rising hopes, I buy,
Stocks plummet with my purchase,
Fortune eludes me.
- Thanks ChatGPT 🥲
Mate I'm sure we're all in the same boat
Anybody else holding MGT and had it disappear from their account?
Any holding deemed unmarketable at under $500 is gone after the consolidation. Multiple announcements about it
Like erased gone. Value if parcel not returned?
Any holding under 500 skins no longer exists
Imagine buying ZIP at $0.90 and still being a bag holder
I prefer to look at the small buy I made at $0.51 and $0.505 - the only green linked to the ~~-89%~~ \-90% holding
Ahh LKE what was once a brief triple bag, now slightly in red. Lesson, listen to the criticism when shit pumps.
Sold at .95 and bought back at .85, am I retarded?
I am still up but fuck me, it's hard to watch this dog dive every single day for 6 months.