By - AutoModerator
Buying BSL long hold
And it's not even the first week of June...
What’s next for GLV?
On days like this i become a long-term holder
Atleast SYA didn't go ass to mouth today.
In other news Top Gun is a cracker go see it.
Also, bleeding like a fucking you know what…..again!
It was a awesome movie
16% down overall after today. Beautiful.
ONLY? 33.4% saying hello
Who was the one making the call on AusSuper scaling down their PLS holding?
Only by 1%
Who was the one making the call on ASX being at the bottom last week?
Hint - It was me….RIP me…Fuck!
u/HeiPando this u?
Yep it was them
It was tough call for me whether to hold or not. My average was about where i thought it will fall to so decided to hold. Hope recovers in the not tooooo distant. Just a little. 😂
This is awful. New ATL -30% and it's not over yet.
But that's the game in specland. Volatility! Cretins! Treachery!
The choices are: wait for the bright hope of August or sell and crystallise losses.
Well, the time is gonna pass anyway. So wait.. but maybe I'll stop looking for a while except when I get an SMS company announcement message. This is a bit too wearing to be paying close attention every day.
Hey sorry to hear you devilish feline. Did you end up buying any NMT a few months back? Hopefully you held out for the tax time discount.
Ah, thank you. No, I didn't do it in the end. I bought more IVZ instead - feeling clever about that!
I still want NMT but I'm concerned a little by something I read which seemed to lay out quite a decent bear case - or rather, a case where the company focused almost wholly on licensing their tech to third parties. That would have upsides and downsides but really leaves them vulnerable to development of better techniques and also probably puts revenue further down the road. I need to look more into it to re-evaluate, but there's no point doing it now because I don't have two beans to rub together so my purchasing power is nil in all cases.
It is great to come across (and harder to find) bear cases for companies you're interested in. Your patience and prudence here saved you with NMT at least in the short term.
I don't have more cash for buying either and suspect there's plenty of others also in this scenario! Hang in there man, as always we are in interesting times.
We sure are!
Yeah, I have always loved to see the contrary take on a well liked stock. It either saves your arse or strengthens your ardour, depending on how defensible it is. Though, frankly, all our predictions are in the wind in such times as these.
But they keep making them sexy, tempting stocks, and so we have to keep trying!
Good luck mate. Plenty of us have seen -30% at times.
I certainly have on individual stocks in the past, but possibly not overall and certainly not in this relentless dripping way that's dragging on.
It will probably be fine and I do accept it as part of the ride, but if I'm not careful it will start to get to me, it is beginning to erode my good humour and patience so it's time to deprive it of my attention for a while, I think.
Hope it turns around for you soon, Cat 👊
Me too 👊
Yeah i gotta stop looking too.im getting overwhelming desire to throw money at random speccys in hope of winning that weird lotto.
That's what got us all into this mess in the first place!
US futures green, so did we trade on past futures today? Or future futures?
Because they are upside down to us on the other side of the world, when their chart looks green with gains, if you look at it the correct way up it's actually red with losses
And when it's red with losses, we go green with gains?
First we had T+2 now we have F+2
*ghosts of futures past*
saving my portfolio but killing the planet, so conflicted over coal 🤰🏾
Boomers killed the planet, you're just profiting on the way down
Fanks I needed that 🤰🏾
I am too scared to look at my portfolio, should I?
Portfolio just up and keeled over and died today.
Its used to be four days green and fridays are red. Now its totally opposite.
Your Fridays are green?
Last four fridays were green by 0.000001% of what I lost in the other four days lol
Asx is fuk
Somewhere in the ocean there's a stinky fat whale crying
I'm that whale
Sad whale noises.
What are we going to do tomorrow?
The same thing we do everyday. Bleed.
Green tomorrow, at least until 2.30pm (RBA rates announcement).
Rates rise announcements are normally not a big deal on announcement day if all within expectations. So assuming no surprises (anything from .25 to .4), it should be fine. If GS gets .5 right (I don't think they will), there's trouble.
Think there may be a change of wind in the sail captain
RNU has been an absolute yoyo of late
I'd be safer in prison, than on the asx. Taking it hard for months! lol
Yeh and at least you’d get food and board.
God damn oil and gas plays are just so shit. I should have learned my lesson by now but here we are still holding IVZ.
it hasn't even spudded yet...
Fuck me at an ATL after today, PF now -9% overall.
Fuck me dead this cunt just keeps taking.
Also, wtf happened to IVZ is it on the nose now or still a sub favourite
Yeh id be interested to know what happened to IVZ by those who hold it. No announcements today
its on my buy list but thank fuck i didn't buy it yet.
it's back to where it was 12 months ago.
Its just nervousness in the speccie oil and gas space after GLV drilled a duster and got dumped
Thanks. I went to read their announcement
“The Company is pleased to announce …”
Yeah def not the wording I'd use
Yeah my tiny (\~$1k) GLV gamble is down to pennies, so HODLing. Still optimistic for IVZ though, but people seem to be getting cold feet which could explain what happened to them today.
Fuck the new Kia Sportage looks neat.
Been working on their advertising content the last few years and got to see a lot of their newer models up close. Their new EV6 is like a goddamn space rocket. Super fast. Very cool. Worth a look
I would love to go for an ev6 but the waitlist 😱😱😱
Oh. And the cost.
i reckon i lost the value of one sportage every week this year.
And thats all youll be getting playing in here
If I can upgrade from the au foulcan in the next couple of years I'll be happy.
I am TOTALLY fine with that.
Although if IXR/VML rocket it would be more appropriate for me to get an EV6
Pffff yeah the 2004 model…..
The emotional whiplash of AGN jumping from +7.77% to -5.55% today has taken it’s toll. I need to stop looking at it everyday. Also could the bot that puts up 50K unit sell walls for the last 30 minutes of everyday please fuck off, I don’t understand the point if it’s just removed after market anyway
I've made a horrible error with PRM, financially and with a ban bet.
Take this poo all of you and eat it, this is my smooth brain.
Take this blood from my anus and drink it, it is... well... the blood from my anus.
Thanks be to me.
Lower than a limbo stick at carnival time. And that's as low as limbo sticks get
*Sweet gorilla of Manila!*
Ain’t no rising from the dead for that bad boy stonk
Self sacrifice incoming…
u/mcfucking, please ban me until BMN hits $0.30 🤙🏻
After watching PRM add more dust to its assets and having to put it back into the bottom draw, it’s safe to say I need to spend less time here and more time re-evaluating my “investment” approach 😅
You can set a self imposed ban whenever you like.
But if you put a ticker and a stonk on it, then you'll not be unbanned until it hits the mark.
Sure this is what you want to do?
u/mcfucking got this one
Yeah it’s what I want boss 🤙🏻
I’ll even do the heavy lifting and reach out to the MODs IF the ticker hits that price for the welcome back party 🙃
You'll be banned when the next bans post goes live, which is this Friday.
Enjoy the flair till then
Knew I’d have to do something a bit extra for a flair, albeit temporary 🙃😂
Woodside absolutely killing today. Minerals Blue Chips spanking speccies this year
So coupon rates on bond funds have gone up quite a bit. Might be worth looking into a couple more rate rises
AHN up 150% on no news…
No news is good news 😆
As a PRM holder, I concur… 😂
Surely it’s part of some pump and dump group?
I saw it at 170%, come down to 150% and now 214% 😳
I have nothing to offer ASX wise, but I will say that I've been going down a massive nostalgic rabbit hole lately. Music, games, TV shows, movies, the lot. I'm not entirely sure what's triggered it - maybe watching the latest season of Stranger Things - and whilst what is nostalgic to you is likely going to differ depending on the decade you grew up in, it's hard to deny the warmth a nostalgia blanket provides in these uncertain times, regardless of what the nostalgia blanket is made from.
Anyways, I'm bullish on Limp Bizkit video clips, Rodney Mullen vs Daewon Song: Round 2, dollar-pots/middys on Thursday punk/metal/emo nights, footy that wasn't so rule-complicated, and ICQ/MSN Messenger chats with your crush til whatever o'clock in the wee hours of the morning.
Also bullish on ANL. Always.
I get more nostalgic as I get older.
We nearly all get to a day when we stop seeking out new music/tv/movies/books and reach for something from the back catalogue.
ICQ number is 71312167.
Don't add me. Uhoh!
AFL peaked in the 90’s
Maybe IVZ doesn't have any farm in partner?? And it was all a big scam??
please dont ~~gamble~~ invest any more than you are willing to lose
is it too late on both counts?
perhaps you're better off investing in boomer stocks - clearly you're investing what you can't afford/are a whiny little bish
What's with the posting all day with panicky IVZ shit? It's no more or less risky than it was yesterday or the day before. (Still very risky)
CPO with the insta bagger
Lmao that market cap, pretty easy to bag when your entire company is worth less than a 2 bedroom apartment in Sydney
CPO bloody rippa
I can't believe biden/evergrande/covid/china/putin/goldmansachs/albo/thefed/rba would do this to me. Which one are we blaming now? I lost track.
It definitely isn't my portfolio, thats for sure.
Am I so out of touch?
No, it’s the market that’s wrong.
Does anyone know what happened to MFG, it exploded again.
Lost a cool $3.6bil in FUM this month, removed from the ASX100.
Anyone like MGT:Magnetite thinking of loading up in the next two months ?? Iron ore...go ahead to mine & other favourables looking to hopefully happen Dec/Jan. Sell at circa 20 cents...yes dreaming etc. Not advice, don't follow me.
I’m big on MGT. Massive resource but the thing I like the most is their green credentials. In a world that increasingly cares about pollution and what not, green steel seems to be a no brainer, especially when FMG and the likes are pumping out sub 60% shit.
The capex is large, but the idea is that it does a small startup and then uses revenue to fund the next stages to ramp up production.
I honestly don’t see the appeal in HIO with their insane capex. It’s plan is similar to what MGT wanted when they were listed as ROY, and obviously that plan was shit.
From memory the IRR on this one is very low. 20% or thereabouts. Not obvious how they'll ever get it off the ground at that IRR.
Thats IRR for stage 1. I believe the plan was to use staged production levels to help fund some capex without as much dilution - cos they got enough of that already. The stage 2/3 IRR was similar to ie HIO from memory (its been some time since i read up though). I am not entirely sold on MGT getting it off the ground…..and im not sure this staged thing is the best plan either. Its a punt. But with the resource they have im thinking something will be done with it at some point so its a punt where i feel i may win money but at worst wont lose much. Idiot gamblers logic 😂
There are a couple of us in it here. Couple of BIG believers from memory. Ive been in for a while (bought too high) its actually my biggest dog right now but thats more my fomo timing (in my newer days lessons have been learnt). At least if it goes for a run at some point i will get the cgt discount?!. It seems to have bottomed out (oh god i hope!). They are going to get to production a bit differently to HIO…..but it seems a decent resource and i cant see it not getting somewhere somehow eventually. Also. I am a moron so you shouldnt listen to me.
Yeah been in in twice..at four shares for one cent ...nice $4.5k profit few years ago.. n a quick $800 sold in late Jan.
Ah yes, if I bag hold long enough, at least ill get the CGT discount.
A line of reasoning I'm all to familiar with unfortunately
Hit a overall portfolio milestone today! -35% 🩸🩸🩸
Fuck. Is that overall right NOW or overall OVERALL (like all time?). Cos my right now PF rarely represents my overall. Overall im doing well if not as well as i was. Right NOW to look at it im doing a bit shit.
Like right now my PF is down 35% lmao. I was sitting comfortably at around 20% a month and a half ago. Haven't sold so it's all on paper.
This is fine 🔥🐕🔥
What's that? AVA not totally shit? Tell me more...
Anyone got any food plays? Looking at CSF that just listed.
Did someone say KFC?
Ckf looking cheap atm 🍗
A 2.5% Term Deposit is starting to look ok.
The 2.5% term deposit doesn’t have fully franked divs.
Oh is it that high now?
Jesus gotta lock it in for two whole years to get it…….pass. Id rather gamble.
But where is the fun in that!!
Exr stay on 14.5c
I swear to Christ ASX I’ll move to Nikkei225_bets, they get a lunch break and pay attention to *past futures*
Up $2.5k.. Thank fuck for SYA.. only took a mammoth beatdown to get it going in the green again. SYA should hopefully (plz) hold this price. On a higher positive note - futures looking fine. Extremely early though.
When everything goes down, SYA start going up. Keep doing whatever you are doing...
Mate… has to be a good announcement soon- been a very tough time with SYA last 5 weeks
When that stock that’s been holding up your portfolio finally gives way……
ICG cheeky 40% from an iocg discovery hole.
US and other futures solid green, c'mon ASX ya flea-bitten mongrel!
The ASX200 has managed to pare losses and bounce off 4200, which could be important as a break below this key psychological level would likely open the door to more bearish pressure.
If Wall Street can also build on the strong open which futures are currently indicating, holding support at 4200 may allow the blue-chip Aussie index to retest its 200-day MA this week on stronger sentiment.
All trading carries risk, but it should be interesting to see if the ASX can hold heading into the close.
Blue chips, this isn't r/AusFinance! :P
Seriously though, I keep on eye on the XJO and XSO charts also, so hopefully there's no further catastrophes to follow the all the covid, evergrande, elections, trade wars, inflation, rates, Putin's war, and dodgy instos sagas that we've endured over the last 6 months.
Hoping we can sail past the last of the 30 June tax sell offs and get back on with life and some optimism in our community once again.
>a break below this key psychological level would likely open the door to more bearish pressure.
*"if it goes down, it will go down"*
>holding support at 4200 may allow the blue-chip Aussie index to retest its 200-day MA this week on stronger sentiment.
*"If it goes up, it will go up"*
gee thanks mister
I am lost, please return me to the mean
NWE I'm sorry I called you a dog that's done fuck all for 2 months 2 weeks ago. Best dog I bought this year.
BSX is such a shitshow.
What's this mean? 🚀 OR 🐕💩?
Trading halt 1: pause in trading given AFR article on vingroup. Discussions continue. We will update on vingroup in due course once more is known per listing rules.
Trading halt 2: trading is halted pending further announcement regarding status of discussions with vingroup.
AFR article is based on vingroup reps being at a site tour lmao it's just like that time VML had to halt because of that reeTEC deal
Who is the Chairman of the Board over there at BSX - Fozzie Bear?!?!
Anyone tried to evaluate what Barrenjoeys is worth?
Magellan looks like its in a death spiral, but even in this tough environment Barrenjoeys is fairing well.
Magellan owns 40% of Barrenjoey.
Trying to find a floor for Magellan if their funds management is fully kaput.
AFR said Barrenjoey is valued at $750m now (was a couple of weeks ago)
The MFG investments in Guzman y Gomez and barrenjoey have actually been quite profitable.
But the FUM continues to eat shit
I'd wait a while longer yet.
LRS you dog. Thank god I only FOMOd in at 19c not 21.5c.
I put LRS down today with the green needle. Only copped a 3c loss per share thank fuck.
How much did you buy
Not much in the grand scheme of things $250 in so far.
Will possibly buy the dip on the way back up and then sell once it shits itself again.
Warren Buffet, is it you?
I don’t know how many more “she’ll be right’s” I have in me guys
You'll be right. In July.
June will be touch and go.
July Bull Run Confirmed
I have to believe.
That, and that the EOFY financial reports for all of my stocks are going to be just glorious in August (except perhaps you, MFG).
You'll be right
Is it a good idea to switch from vas, Vgs to IOZ IOO.
Does anyone know shit about COG? I randomly stumbled on the ticker and started looking into it but there seems to be 0 discussion of it on HC. The shareprice since 2020 has only known up, so I'm curious why I've never heard of this dog?
It is basically the parent of 5 different equipment finance companies that fund small to medium sized enterprises with equipment purchases (New & Used). Their finance is more expensive than the banks but normally the businesses using them are already loaded up with their own bank. The asset usually forms the security over the loan. It has had a reasonable run over the past 1-2 years however it will be interesting to see how they perform over the next 12-24 months in a more challenging operating environment. Plus they may have to recover / sell assets if companies go bust which reduces their operational growth focus while simultaneously reducing their overall loan portfolio.
Probs gonna sit it on my watchlist with no real intention to buy it. Cheers for the details.
What is driving TER share price?
I'm not complaining, but it's really on a streak.
China building coal fired plants ?? Dunno
IHL makes me sick
Go have a read of the HC forums on it. Have a bucket ready.
That little Friday jog has Uno reversed itself pretty quickly hasn't it.
We need more rats dressed in NFL gear, getting bonked on the head
🙃 ɒʞɒw ɒʞɒw
Thoughts on the new commsec report, hd camera but i don't like the news look. I prefer the inside the old office/"trading floor" look.
ASX PMSes more than I do! 😑
I understand people get more critical when things go red but ignore everything when they are green. I don't believe Scott greases his mates first based on the past SP movements around announcements. They have been quite transparent so far and their local involvement is better than most as the country's sovereign fund is heavily invested as well unlike many other small caps. You need to understand things are different in Africa and delays are frequent - patience is the key here and so far they are ticking all the boxes.
I wish they hadn't deleted their comments. I don't necessarily agree with the "management is shady" aspect, I say more impatience from management to just pin down the funds and they aren't sweating too much about retail feeling a bit gypped, but it's certainly an interesting point to raise
I don't think it's so much shadiness as it is over-promising and under-delivering which points more towards incompetence/incorrect judgement. Obviously that's no better but I wouldn't describe the actions taken so far as shady.
Retail is always going to want what's best for them but I just don't think that's realistic, a company is going to do what's best for them first, retail second.
I'm downvoting because you complained about downvotes
RETAW is a coward for deleting his comments lmao, even if there was some validity to his claims
because there's no point making an argument against a sub fav here.
What's the point, might as well let them live happy.
I wasn't complaining about downvoting, i clearly said it was about the lack of an argument before you start getting downvoted to oblivion. I couldn't give a fuck about upvotes/downvotes, but I also don't enjoy talking to a wall. Do you really disagree with that Josh?
Rather delete the comment and move on with my day. Not worth the energy.
> because there's no point making an argument against a sub fav here
If that's how you feel, that's fine. All discussion, whether it's positive or negative, is good.
I thinks that's a pretty shit way to look at contributing.
You should put your opinions up and back them up regardless of whether you convince people, get counter points, get flamed or get downvoted.
It's the ''*whats the point*'' type of thought process that turns places like this into an echo chamber, fly your flag proudly dude!
Agree. I’ve said some dumb shit here from time to time (always? ;) but fucked if I’m going to delete dumb shit. You should just take the ass fucking and chalk it up to learning.
I reckon this recession will be over the minute the war stops.
[email protected]@ IVZ thats what you get for 0 announcement hahaha man I did I believe in this African dream sold by Scottie
Waka waka more like woof woof 🐶
LTR red after a nice announcement. Why cant i do stop losses with nabtrade. Guess i need to move over to team tom.
>LTR red after a nice announcement.
This is the LTR way. Then comes the random +12% day out of nowhere.
You can. It's called a conditional order
Yeh, i see on the app you can do this, not on the website though for some reason.
Sounds like SelfWealth music to me
This is an option too, thanks.
IVZ getting smeshed
There’s conjecture it’s because of the GLV duster there’s low confidence in other O and G plays.