T O P
lanpup

So who’s bailing out on Monday and who’s sticking with it for the long term (a year at least). And which lazy cunts are having an eachway ?


LycheeLeading

In for the multi baggers. So riding the dip.


anonbrowser_

Long term. The company fundamentals haven't changed.


PianistDesigner1423

Sticking for the long term. Hopefully that pays off.


lanpup

Yeah. Most of us I suspect bought on some thematic. That hasn’t changed. Might just be bored for 6 months.


neatnoiceplz

I'm coming down from MD and opened my portfolio to look at Friday's loss again. Mistakes were made. To the pub!


Blisser_the_Sniff

I just got in trouble for gardening in my good shirt. I didn’t even know I had a good shirt.


rsoule878

Gardening. Bliss the curator of plants. And wearer of nice shirts.


Blisser_the_Sniff

The rains are here, weeding sessions between downpours


PianistDesigner1423

Someone cares!


w-j1m

If you take a view that major cryptos reflect moves in the larger indices, Monday is going to be shit.


Particular_Love_8811

Crypto was bound to shit itself as soon as interest rates started to go back to normal. Interest rates are what gives fiat currency value. If interest rates were applied to crypto then it would be fine. Two different worlds.


[deleted]

[удалено]


Particular_Love_8811

I still wouldn't touch it with Barry's dick.


[deleted]

What do you call it when you hate yourself and the trading mistakes that you've made but can't stop trading? Asking for someone else.


jockr64

An ASX_Bets smooth-brained retard???🧠👀🤣


Blisser_the_Sniff

Monday?


scyllallycs

Hating yourself is negativity, I think (speaking from experience) Hate the poor decisions instead, since they're the actual problem. Also, who says you can't stop trading?


Mast3rfinish25

You call it a cocaine addict


AltruisticCurtains

~~MAPABI~~ MAPABI's "friend" is one name for it. AltruisticCurtains is another. Oh, come to think of it, there's a lot of names for that particular affliction.


BrettoStevens

Is it really so difficult to simulate ideal ocean conditions foe kingfish, like just get a big pool of Saltwater that matches where most kingfish live and breed the crap out of them. Can't be that hard right🙄🤷🏻‍♂️


AltruisticCurtains

Hahaha. Kingfish on the brain Bretto. Tell you what, look at the TGR and CSS charts year to date. See that TGR wins. Notice how TGR is very cyclical and on a downtrend now, only to rise up again. If you picked it up at the bottom of that trend, potentially just in time for a rise ahead of August financial reporting and further reporting after, you might do okay because salmon export volumes and prices are on an uptrend. Something about prawns too. Also, dividends. Don't know much about kingfish.


ewanelaborate

Start one in the bathtub bretto. Be an entrepreneur get a bigger market cap than CSS. Let me know how it goes.


BrettoStevens

Will do mate, got the bath running as we speak


PianistDesigner1423

Remember to add salt.


EMHURLEY

I’ve been holding off sending through last financial year’s tax return - now way overdue - due to the judgement I’m expecting from my account… I send the email today. Total losses: $22k


lostdollar

Just wait when one of those dogs pays off and you're submitting a $400k gain. That'll wipe the judgement of their face. That's what I keep telling myself anyway....one of these days


CerealYoghurt

I'll be due $10.4K in tax not looking forward to it...


[deleted]

[удалено]


EMHURLEY

Already have 🤗


raegrog

OSP, Chandler, Rose, Oliveira. Easy money prior to the green week we are going to have. Here's to hopium 🍻


username-taken82

The Rose fight was terrible. Chandler epic front kick....


scyllallycs

Tony was looking so good, too


raegrog

Don't know what her corner was telling her but it was horrible. Man, that front kick was unbelievable! Charles oliveira is just insane.


scyllallycs

The girls shoulda got a draw, and possibly Worst Fight of the Year award. Who's gunna beat Oliviera? As good as the best at stand-up but so dominant in submissions. And McGregor got 2 call-outs!


raegrog

Agreed with the draw, thats what I was thinking. Worst title defence ever. Everyone wants that McGregor fight, that's only because they're paid peanuts for what they do !


raegrog

Rose with a pathetic title defence. It's a red week bois.


MvTWO__

Her career is a kangaroo market. Some huge KO wins and then getting dumped on her head and the horrible display today


scyllallycs

1/4 so far


raegrog

2/4 ;)


Call_me_a_noober

Watching the first few episodes of the Three Mile Island doco on Netflix as a [Uranium holder](https://tenor.com/view/liar-liar-jim-carrey-objection-your-honor-devastating-gif-14626844)...


SunkDestroyer

You seen the Chernobyl series from hbo?


Call_me_a_noober

Yeah when it came out...This new Netflix one is pretty sensationalised but still some interesting bits so far...


mcfucking

"Plainly Difficult" on youtube has a bunch of videos from operator errors to criticality events and orphan sources. Highly recommend if you're into that kind of stuff.


Call_me_a_noober

This is a treasure trove...I'll be at this for hours!


mcfucking

Yeah its good hey. Hey has compilations for every year too 👍 good way to kill a few hours 😂


Call_me_a_noober

Nice...afternoon sorted! 👍


Mitchuation

Happy mothers day for any ASX_Bets mothers out there


FrankGrimesss

Proud mum to a litter of Cliffords


alllrandom

I don't trust your flair. I'm pretty sure you're the fish guy.


FrankGrimesss

👀


rsoule878

My portfolio looks like the edge of a rip saw blade. up 20% back 30% up 30% back 24% and another drop this week. Russia, Covid, Chinese Ports, Inflation and Trump go pound sand up your arse and just piss off. Thats all thanks.


sneakycutler

great analogy. Always trust $MAY to continue this pattern for you


rsoule878

LOL yep MAY has helped a bit but never get used to plus annual salary up and downs in a day.


Arnoldslehrling

To pound sand up ones arse is an interesting image


Imthewifesboyfriend

My portfolio looks like a stiffy under a bed sheet


Murakamo

So when do bans get handed out?


username-taken82

We do a bans post each fortnight. If you lose a bet, your ban begins from the date of the post that corresponds closest to the date of your bet deadline...


Crumpy88

My daughter is wearing a shirt that says ‘Mama’s baby bear 🐻’ Bad omens


BrettoStevens

Only bulls allowed in my house, shed be disowned


dick-face-dick-face

china shop bretto.


CaptainPrice65

Hey guys! I'm back! After lurking around in banned heaven for 2 weeks, ive been trying to come up with a comeback phrase. I can't really think of one. oh well. here goes! Shut up Meg!


kervio

Look, it's not bad... you did ok.


BrettoStevens

Guys I've gotta say it, I believe in Frank, if TGR can be a valuable stock selling some salmon, I don't know why CSS can't be aswell selling some versatile kingfish...


kervio

Kingfish are more expensive to farm than salmon. But with sashimi prices reaching $120 per kg at times I think it's fair to say you should all go and invest in a kayak and handline and catch some yourselves because unlike salmon they are plentiful in the natural environment of Australia.


AltruisticCurtains

Without having looked into CSS much from a DD perspective, I agree there should be a market for kingfish. Surely not as in demand as salmon and prawns though. FrankMReddington was just a tad pumpy, which was funny at first, then less so, and then he started getting a bit angry ranty yelly screamy as though he'd been out all night drinking...which really detracted from the stock... and then I think he got banned?


FrankGrimesss

Id like to point out that Bretto isn't referring to me, rather the other Frank. Important distinction.


username-taken82

Thats fair. Tell you what, I'll help you out so you don't have to continually reminds folks....


FrankGrimesss

My man! 😍


springoniondip

Brettokingfish


Wannaliveinpenthouse

US APRIL CPI release next Wednesday it’ll be another worth watching reference.


[deleted]

[удалено]


Wannaliveinpenthouse

Yes numbers are lame, I should have been more specific. The market response to it is worth watching, will it reverse bearish market sentiment? Will it set another bull trap?


[deleted]

They'll bounce on it either way. Proper mind fuck


ewanelaborate

I'm trying to work out my best move here for USD exposure. But it's looking like a peak. I'm guessing the "safehaven" rush continues. But I expect cpi to remain high with jpow comments relating to disinflation occuring but ignoring potential stagflation future concerns. Doesn't exactly scream bullish for any equities. I really wanna catch the fall in commodities and transfer usd to aud. Going short on gold looks like a good call to me. Nothing really bullish about killing liquidity and inflation talk at a turning point. Just gotta hope a fear event doesn't fuck it up. I'll just sit on hands instead for this round.


[deleted]

Sitting on hands absolutely smart thing to mate. Wishful thinking on my behalf, bought sml amount of NASDAQ longs yesterday


[deleted]

[удалено]


[deleted]

😬 Good op for ETF top ups.


[deleted]

[удалено]


[deleted]

Yeh good call! Didn't know you did a bit of MTB mate. Good fun that, risky af tho, bit like trading FX.. I'm sensing a theme here 😅


AltruisticCurtains

Anyone had omicron? Reckon I've got it but the RATs are showing negative (was contact of a friend and have symptoms). PCR time, I guess?


snuffrix

Never trust a RAT


JebusC825

Got omicron now I was in the same boat with some very mild runny nose for 3 days before i tested positive on day 4


[deleted]

Stick swab in back of throat, the bacteria sit deeper


maybethough

Yeah I never managed to test positive on a rat even with full symptoms but my partner's lit up straight away


[deleted]

Mine took a couple of days to show up after symptoms


Dont_Forget-To_Floss

Yea do a pcr! I was neg on a rat but positive with a pcr. Goodluck!


Wannaliveinpenthouse

Just go to PCR test site, normally you get result next day.


WowVeryJosh

I need a doctor to hook me up with an IV of that premium HC copium for Monday


staytha

Home brew copium by just tell yourself you're thinking 12-18 months ahead and the current situation means nothing to you.....


-xfactor

“EV battery maker CATL says the capacity of its Shanghai plant has recovered to the level before the outbreak.” Source: Jiemian


Particular_Love_8811

The Rolla is backed up and ready for the hedge fund exchange on the Sunday morning.


Massive_Button9434

Or if you like a good table with numbers and pictures, here’s a brief read and visualisation of different batteries and their chemical composition…. https://elements.visualcapitalist.com/the-key-minerals-in-an-ev-battery/


Massive_Button9434

Not sure if anyone is into Lithium in here, I don’t hear it mentioned that often, but in case you are, some good weekend viewing https://www.cnbc.com/video/2022/05/04/how-the-troubled-salton-sea-could-supply-the-us-with-green-lithium.html


Denominator_K

Thanks man but nah no lithium punts here. We're all to balls deep in Block cheese futures


Massive_Button9434

I didn’t think so either, 2 years in here and nothing. I don’t get it, but the cheese has been good I have to admit.


springoniondip

A lot of tech companies starting to cut staff off and change hiring plans heading towards 2023. Going to be a very interesting couple of months now debt and therefore growth is going to get a lot more expensive. Any companies without a moat will be screwed pretty soon along with a lot of talent. There are a shitload of companies like the one below out there at the moment. Raising money like they're J POW and hiring like crazy thinking more staff= growth. Keen to see this play out/hope I myself picked a good company to ride it out. Interesting read below for those who play in the tech sector https://amp.smh.com.au/business/entrepreneurship/fast-fall-australian-led-us-checkout-app-shuts-down-after-burning-through-millions-20220406-p5ab9h.html


Triog0n

Tech companies about to learn that debt has to be paid back and it is in fact expensive as hell to service lol


springoniondip

Yeah the rate at which lay offs are going to happen is going to be instance to watch. Particularly with the ones who are looking to 10x their sales teams, but don't have a viable product worth moving for/can only sell to SMB so really on inbound and SEO for leads is going to be concerning


cant_right_good

There was a couple of these companies like Fast that sprang up when the patent for Amazons 1-click checkout expired. They are all in the same boat. On top of the cash burn, a lot of them are actually losing users, so even the growth is drying up. If you don't own either the consumer or the seller side, it's going to be hard to force your product on one/the other. I think this company specifically was a pretty ordinary/low moat concept and was always going to be vulnerable in times like this. On the flipside, there are growth companies out there who raised a shit ton of cash over the last 18 months - often taking advantage of ATH share prices to offer equity - and now have large war chests, are cash flow positive, and still growing. If you're brave and patient, that's where the opportunity is atm as these things are at cycle valuation lows. Just don't pick a dog.


DareBottle

I have seen a lot of people talk about this in tech circles. Check out this Twitter thread: [https://threadreaderapp.com/thread/1522666014277660672.html](https://threadreaderapp.com/thread/1522666014277660672.html) As an aside, the salaries for American engineers is insane and I don't think people realise it. A good salary for an solid, experienced engineer in Australia would be like \~\`180k AUD (anecdotal based on job listings and talking with people in the industry). Which is honestly nothing to scoff at. But that is about 130k in US dollars — which is roughly what juniors are getting in the USA at FAANG and startup type places. It hurts my soul a little when I see Reddit threads where users are urging some fresh-faced graduate dev to ask for more money or a signing bonus. Essentially making more than me, but at a fraction of the experience. My point on the salary talk is that there is certainly a lot of easy money floating around. It will be interesting to see if this sort of discourse on salaries changes in the next 12-24 months. Maybe I am wrong and things won't change. We will see. ------ To switch up, I am not an expert on the macroeconomic stuff, I am just a guy with an opinion. But I am convinced that rates will have to continue to go up. In that case, the "we're building the Uber for X" type stuff, like Fast, will get pwned. Big players like Apple, Microsoft, Google, Amazon, and (perhaps) Meta will be fine. They will probably have some sort of correction. But they will be fine. If any of those companies disappeared tomorrow, we'd all be screwed. Their products are ubiquitous. People are happy to keep paying for them. Apple and Microsoft in particular.


Triog0n

The salaries thing I think is a sign of the race to the bottom. In 2008 when you had finacial advisors, analyst and hedge fund managers all over the place making a fortune until they didn't. Right now the business model for tech is grow, grow and grow until you dominate the market and can control the price or collapse. This model means every company from small business to FAANG is just pumping money into R&D and engineers to try build things, or make their products better. Its all about that product growth. Twitter typically spent well over $500million USD on R&D. What the hell are twitter reseraching and developing for 500mil a year over like 10 years. This demand for engineers to build and deliver growth is only possible as long as the tech business model continues. When 2008 blew up the way a lot of those people made money ended and the job losses where immense. If companies are bleeding money, and unable to monetize or grow in the end you could see a massive glut of engineers which stifles pay for a while. Even in the USA a lot of these massive pay salaries are actually just paying in shares and to earn the bigger money you have to a FAANG which only a small % are or work your way up to earn the 300-600k salaries everyone heres about. Talent is a talent and a great engineer can uplift a business but supply and demand will rule the day. As someone working in tech in Australia even my uni lectureres were suggesting speclisation in tech because of a growing oversupply of generic engineers.


DareBottle

>were suggesting speclisation in tech because of a growing oversupply of generic engineers This is something I worry about myself. I get so much random work, and because I can do this random work, I keep getting more random work. The people I know that make bank, specialise in one thing like security or cloud or .NET or whatever. I have started to realise though that there is only so many hours in the day, and (unfortunately) I can't be good at everything.


Delicious_Smell_9254

Meh, fuck Apple and Microsoft. Been using/working with Linux for the past 2 decades. We would be fine if they completely collapsed (and they won't). For the record Google, Meta, Amazon, Meta, Apple and pretty much any other tech startup wouldn't exist without Linux and other open source projects.


DareBottle

Yeah. You don't have to tell me twice about Microsoft and Apple lol.


springoniondip

The salaries really are the crazy point of all of this, particularly in SaaS now. Not only just in engineering but sales, customer success etc. Bigger companies are offering insane packages with the same effect for entry level staff getting more than what established staff were getting a few years ago. Gravy train will run out for some


AltruisticCurtains

I avoid the tech sector because so many are overvalued, which is probably unfair of me given there are surely good ones around. That story on Fast though, doesn't inspire confidence: >“There is an expression, ‘build a wave and then find a way to put water under it,’... “I think a lot of companies do an excellent job of building a wave \[of interest in their business\], and Fast has done that extremely well. But my concern with companies that overstate their business is that there is little substance to it.”.... > >\[Fast\] only generated $US600,000 ($790,000) in revenue last year, despite adding 400 new employees and burning through $US10 million ($13 million) a month Yikes. Those figures are shocking. Burning through more than 10x their annual revenue every month. >Fast was recently hit with a lawsuit brought by a former employee who last month said, “sex discrimination was routine and gaslighting was a common tactic used to manage women” at the company. So, not only are they incompetent and grossly financially irresponsible - they're misogynistic. I'd run away, Fast.


springoniondip

Yeah also outside the spend itself the product wasn't ever going to hit $100M ARR any time soon. It was literally a technology that was one click check out. Not hard to replicate long term- just crazy that investors back these kind of companies to be honest


AmputatorBot

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Illustrious-End1598

It’s illegal for us all to organise and pump one stock at the same time yeah? Is there a way around this, like creating an official ‘punters club’ kind of deal? It just seems like the ASX is so small and piss weak, that it wouldn’t take much of a surge to manipulate it. Don’t come at me, just asking. I’m getting kinda sick of all the butt-ache whining on here and thought maybe we could unite.


Meaty0gre

Flair checks out


rsoule878

Totally


mcfucking

Imma just [leave this](https://www.reddit.com/r/ASX_Bets/comments/lhhvuo/killing_pump_and_dumps_targeting_rasx_bets_for/?utm_medium=android_app&utm_source=share) for some light reading for you. Also [give this](https://www.reddit.com/r/ASX_Bets/comments/l63yvj/no_youre_not_the_first_one_to_decide_to_arrange/?utm_medium=android_app&utm_source=share) a read too. Some ways we can stop this is banning those involved until the end of time. Temporarily blocking mentions of targeted tickers to stop the pump side of things. Some ways ASIC can stop you. Identifying your trades. Stopping you from trading. Sending you to jail to think about your actions. It's not worth it. You'll get caught. You'll be sorry. Don't be a grub. Don't try that shit here and ruin this great place. Pretty much sums things up. Also shout out to the members who brought this to our attention straight away 🙏


shitredditsays01

Where's my 🥇mr and mrs 👮‍♀️👮‍♂️?


Denominator_K

Surely you didnt think this would get a good response here.......Hate to be a reddit cliche but flare most definitely checks out here.


Alexis_Dirty_Sanchez

On Reddit, snitches get riches


Triog0n

If you are sick of it on here and you think the answer is to organise a pump and dump feel free to leave. If you honestly need to ask a question about getting around manipulating an exchange you honestly should not be allowed to invest. Also I am pretty certain anything related to getting around/organising a stock pump is aganist the subs rules


Illustrious-End1598

TBH, I will just leave. You are all pretty gross and puerile with your cum tributes and wife’s boyfriend jokes. I can glean that most of you are just really sad people, with sad unfulfilling lives.


Massive_Button9434

What about calling people “dickcheese”, that’s ok though I guess right ? https://www.reddit.com/r/teenagers/comments/pwt1sx/based_on_this_image_whats_my_name/hek23tj/?utm_source=share&utm_medium=ios_app&utm_name=iossmf&context=3


kervio

"I'm gonna start my own asx sub... with hookers! And blackjack! In fact, forget the sub!"


springoniondip

Ewwwwwwwww semen


Illustrious-End1598

These are honest questions.


Triog0n

And I honestly think you should consider, spending 10-20min thinking about whether trying to circumvent Australias financial laws is a smart way to live your life and make money.


Illustrious-End1598

So how did the GME thing work?


username-taken82

GME is on a totally different exchange, in a totally different market, with different rules and regulations. Coordinated retail purchasing is illegal in Australia. Naked shorting is illegal in Australia. No company on the ASX has an even remotely viable shorting % to make anything even vaguely like GME viable, not even ZIP. A cursory glance at the information around it would reveal all that and more to you.


shitredditsays01

Throwaway 1 post account literally asking if something illegal is actually illegal. Bake em away toys 👮‍♀️👮‍♂️


Illustrious-End1598

Not at all, I’ve been in this for ages. A lot of my decisions have been based on what u guys and girls say. I just don’t post often because talk is cheap. It was an honest question, and if u have a problem with it u can walk backwards through a field of dicks.


JMac-d

Make me laugh man we have all thought about it !


Alexis_Dirty_Sanchez

I’m here for this kind of irreverence 👏


shitredditsays01

👮‍♀️👮‍♂️🤦‍♂️🤦‍♀️


AltruisticCurtains

Some uplifting (really) bearish news (opinion) from the AFR to keep you warm as we enter winter: **Brutal sell-off is a multitude of bear cases coming true** First it was a rout in the stay-at-home names that surged in the pandemic. Then speculative software makers with barely any earnings went south. Now the giant technology names whose sway on benchmarks has been decried by bears for years are dragging the market down. Dizzying as the downdraft has been, investors can’t say they weren’t warned. It’s axiomatic in markets: you never see it coming. But this selloff is an argument that sometimes you do. People have been saying for months that inflation would surge, forcing the Federal Reserve into action. Wall Street veterans like Charlie Munger spent 18 months lambasting the Robinhood crowd for its infatuation with speculative flotsam. Warnings the market would bend under its trillion-dollar tech monopolies have never been hard to find. While the timing was often wrong, it’s hard to say those views aren’t playing out now, with the S&P 500 falling for five straight weeks, its longest retreat in a decade. The index has slumped 14 per cent from a record on the year’s first trading day, wiping about $US6 trillion ($8.48 trillion) from its value. “The normal signs of excess have been out there for a while, whether it be in valuation, whether it be in all the speculative overshooting of some of these stock that have great stories but not a real solid business underneath them,” said Michael Ball, managing director of Denver-based Weatherstone Capital Management. What starts as a trickle “turns into a bigger outfall as everybody starts to say ‘I need to take off risk’ and nobody wants to take the other side.” Saying the market is acting in a predictable way sounds crazy after the week that just ended. Hawkish pronouncements by the Fed on Wednesday were occasion for a 3.4 per cent surge in the Nasdaq 100, before the whole gain was unwound a day later. Treasury yields buckled and jumped, making Thursday only the fourth time in 20 years that the main stock and bond ETFs both lost 2 per cent at the same time. Through a broader lens, the results look a little less disorderly. For the Nasdaq 100, which traded at almost six times sales as recently as November, the bull market is over, its five-month loss exceeding 23 per cent. More speculative companies as proxied by funds like Ark Innovation ETF (ticker ARKK) are nursing losses of twice that. Faddy groups like special purpose acquisition companies have suffered similar dents, while losses in the older-school industries repped by the Dow Jones Industrial Average are lower by a relatively tame 10 per cent. “In a lot of ways, it’s following a typical playbook,” said Jerry Braakman, chief investment officer and president of First American Trust in Santa Ana, California. “Market leadership is the losing leadership. That’s when the panic sets in.” Of course, just because it makes sense doesn’t mean everyone was ready for it. Dip-buyers were in evidence through the start of this month, with bounces like Wednesday’s giving bulls hopes. Until April, investors had kept funnelling money into equity funds, sticking to their dip-buying strategy. “Investors tend to say, ‘this time is different,’” said Sam Stovall, chief investment strategist at CFRA. “Investors get tired and say, ‘I’m not going to fight the tape, because even with higher multiples, the market just wants to keep going up.’” That’s not what’s happening now. The five tech giants, Meta Platforms, Apple, Amazon.com, Microsoft and Alphabet, at one point accounted for a quarter of the S&P 500, boasting an influence that’s greater than any comparable group of stocks since at least 1980. Now that the group, known as the FAANGS, has seen their total value shaved by 23 per cent from the December peak, a drag that the market has no chance of shaking off. The S&P 500 is mired in its second-longest correction since the global financial crisis. Meme stocks, such as AMC Entertainment Holdings and GameStop also crashed. A Bloomberg basket of these shares tumbled more than 60 per cent from its 2021 peak to this year’s trough. *Day traders, who rose to prominence during the pandemic, managed to lose more than $US1 billion from November 2019 to June 2021 dabbling in options on stocks mentioned on Reddit’s WallStreetBets trading forum, according to a recent study. And signs are building that the retail crowd is retreating from the market.* “When we look at the sell-off that we’ve seen not just in the past week but the last couple of weeks, it’s starting to make a lot of sense,” said Art Hogan, chief market strategist at National Securities. *“We’re finally getting to that point where everything is for sale, regardless of the quality of earnings. And that typically is what happens toward the end of a sell-off, not the beginning.”* To Sylvia Jablonski, co-founder of Defiance ETFs, all the bearishness means now is time to go bottom fishing. *“When you see this type of broad-based selling across every single sector, asset class, crypto, the future of technology, the quality darlings, that tells me that we are likely closer to a bottom than we are to an additional major correction,” she said. “Multiples have come in, the froth is certainly off of the market, and that leads to investment opportunities.”*


Triog0n

>“When you see this type of broad-based selling across every single sector, asset class, crypto, the future of technology, the quality darlings, that tells me that we are likely closer to a bottom than we are to an additional major correction,” Copium if I've ever read it, risk off does not just mean hyper specs lol


AltruisticCurtains

Is it hopium or copium? Or both


Triog0n

definetly both


88xeeetard

Like cocaine and beer, it's a winning drug combination.


shitredditsays01

To be fair Munger bought big into China stocks and lost half his money. Couldn't even diamond hands it, sold out and crystalised his losses. Can't cherry pick his good predictions.


poptartape

TLDR


AltruisticCurtains

Market going bad. NASDAQ gone bear. Retail investors on wall street bets lost money dabbling in options and meme stocks over the last couple years. The retail crowd is currently retreating from the market. *The hopium*: everything is for sale regardless of value and quality of earnings which happens towards the end of a sell-off, not the beginning. Means it's more likely we're closer to the bottom than experiencing a further correction, and there are buying opportunities.


[deleted]

Fuck me, the AFR is trash, especially that Christopher Joye carnt


AltruisticCurtains

I should have actually corrected that this is taken from Bloomberg and re-published in the AFR. On a side note, I'm happy to partake in the hopium on offer and do have a nice little shopping list, though if I can control myself will wait until June


[deleted]

Haha, June is beautiful month


Apotheosis

ADN with a MASSIVE announcement on Crux, expect a TH on Monday. [https://youtu.be/nNkN50aWSGc?t=724](https://youtu.be/nNkN50aWSGc?t=724)


staytha

Doubt it's new information. Can't go announcing shit for the first time on interviews and not an official announcement through the ASX


[deleted]

Who benefits from Tasmania's Green Hydrogen Hub?


sneakycutler

I can't speak for other Hydrogen companies (as I havent researched into them) but it shoould be the case that any time the Fed / State gov makes an investment into Hydrogen infrastructure, it's a win for FMG and its peers.


Blisser_the_Sniff

Your kids


Razorzej

WPL and FMG?


sneakycutler

May be of interest to some that BHP holders will be given special dividends in the form of WPL shares. Something to consider if you're partial to blue-chip resource companies.


Particular_Love_8811

https://youtu.be/Rbm6GXllBiw take me down.


blanqblank

Happy i sold out when omicron hit. I think this year is going to be a cunt. Covid zero in China is going to really fuck shit up completely this year. Mass famine and food insecurity on a global scale because of the war in Ukraine + climate change induced shit fuckery and covid zero in northern China stopping the spring wheat planting that’s supposed to happen right now… Shit is going to get fucked this year. Edit Evil money making idea #3781 Set up a vaccination hub on the border of Mongolia and China. China is refusing to use western vaccines. The country is going to crack at some point and they’re going to be fucked. Huge demand for Pfizer but no access to it… Nothing prints harder than illegal drugs lel


EMHURLEY

Doubled my money on SRN and now I’m out. Cashed up for when these market ructions cool down, but I’ve got a feeling I’ll be sitting on the sideline for a while…


cant_right_good

The redemption arc we have all been waiting for. You love to see it


ewanelaborate

Thank fuck for that. Absolute ballsy move doubling down on the options this late after you bagheld for what felt like an eternity.


EMHURLEY

A literal eternity, although really more like 12-18 months. I’ll do a post on my experience at some point since the whole ordeal taught me so many lessons in both pain and joy. But first I need to detox SRN from my system! Going on a purge starting with no more checking the share price. In other news, WHC looking like a compelling play…


bootros44

It’s a great time to be business owners folks.


Particular_Love_8811

https://youtu.be/_Yhyp-_hX2s you only get one shot failure not.


Particular_Love_8811

Still doing the happy dance. I want to see Elon or Berry put their dignity on the line. Back to doing the happy dance.


Particular_Love_8811

We all know what my weekend plans are. Having beer and not sucking cock.


panddidy

Any recommendations for twitter accounts to follow?


quiksilveraus

Michael Burry. He deletes all his tweets though so the Michael Burry archive account is good. IMO.


Doomkoon4648

SF2TH...


Butter-Brain

BUX bag club


Delicious_Smell_9254

/u/yothuyindi/ made a list that broke Twitter https://ausinvestors.com/best-investing-twitter-accounts/


Doomkoon4648

IXR Webinar. https://www.youtube.com/watch?v=sliirqlxS0E


Blisser_the_Sniff

Take noes, come back with executive summary, thanks luv.


Doomkoon4648

$$$ is the only summary.


Markma1989

Are they doing well ? So gonna hit new ath right ?


Doomkoon4648

In time. In these market conditions probably not though.


rainydaytoast86

Broke even on a dog stock sell yesterday it has been down more than up obviously. Now what to dump that money into..


EMHURLEY

Was that dog stock SRN? Because I did the same 😅


Particular_Love_8811

Get yourself a great financial advisor.


No_Friendship8037

You can’t hurt me on the weekend.


Crumpy88

We can cyber bully you 24/7 U homo


Meaty0gre

Oh but we can


[deleted]

So you don’t own Crypto


SouthWinter9462

Brainchip it is your time to provide autists with some brain again. Edit: why people hating on brn? :(


Meaty0gre

Cause the stock is a load of bollocks. It has a suss Facebook pump group with a guy who doesn’t exist in real life as admin and several secret chats coordinating pumps. Absolutely nothing suss about that at all 🤢


poptartape

Still at least another 10 months till the annual pump bro


Secondary92

Not sure why I have US holdings, if I wanted to get fucked twice a day I'd go work a corner.


[deleted]

[удалено]


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yothuyindi

TIL there is a sub called /r/ASX and the main sticiked post is some dude's re-worded version of my 'how to do DD' post from a couple of years back 😑 https://www.reddit.com/r/ASX/comments/qjm56e/how_to_dd_a_stock_beginners_guide/


Blisser_the_Sniff

Whoa. Could someone be out there taking all my great ideas too?


username-taken82

Doubtful...


Blisser_the_Sniff

Don’t have to answer straight away you know


MvTWO__

Reported as impersonator. closeenough.jpeg


Jenky83

You’ve probably tripled their monthly traffic by sending this one link to a bunch of bored curious autists.


Mitchuation

Congrats on officially becoming a Finfluencer


yothuyindi

haha, just irks me when something is a blatant rip-off... starts off by talking about avoiding pump and dumps, lists the same resources, same metrics, talks about Simplywall.st being good for insider ownership etc. I mean just compare and tell me I'm imagining things: https://ausinvestors.com/how-to-do-due-diligence/ How to do DD guide except you bought it off Wish basically


Mitchuation

Imitation is the highest form of flattery brother man. Yes, he didn’t cite you. But we know and that’s what matters. It is funny to point out though. What a fuck boi