By - AutoModerator
MXC After 3 years of clinical trials they successfully kill cancer cells with Cannabidiol
(CBD) and Cannabigerol (CBG).
It went upto 33c so more than a bhag, alas all gone.
Still waiting for IVZ to come out and save the day. 😅
Going from a 300% gain to 28% hurts so fucking bad. Too late to sell now; while there's limited upside, I doubt there's any better option besides sitting and waiting for things to stabilise from July.
Guess I should be grateful I got out of ZIP last year
You think things will stabilise from July? 😂
If you're still in the green in this market you're doing well! Does hurt though, was up 60% a few months ago and now -5% or so
I was up 20% in Jan, now down 38%. Not sure if I'll ever recover now tbh.
What are you holding?
As of now, nothing. Waiting until this shit storm is over before getting back in.
But was holding RNU, SHP, FFX, BAP, PDN and WIN until this week. Still got the LLL allocation from FFX coming next week.
Show us your dick
Show us your small man in the boat
I’m frantically trying to draw it ✍️
Yep me too out at $10 thank god
Day 56 of regretting everything and sad waiting for AZL to get BLM APPROVAL
Brother, it makes 2 of us. Went from up 15k to down 8k LOL
💚 day 944 of waiting for my shares to go green! 💚
GAL went green today, so that's something... go you good GAL you!
[This about sums up today I think](https://www.youtube.com/watch?v=-DT7bX-B1Mg)
I can’t, where would my daily dose of pain come from?
I imagine selling in April when my portfolio was ATH. It's nice. I would've bought back in by now though so.... Time to weather the storm.
I sold late april, bought back in recently. -26% portfolio.
I wonder what my life would be like if i robbed the kwik-e-mart
I'll do it! I'll sell my stocks for a profit.
Taking money out FMG for a speccy few months ago was the single worst decision ive made.
Cool ann today after market too.
Capstone (final exams to become an electrician) tomorrow! 😅 So keen to get it done!
Yeah man been going nuts on the highlighter hahaha!
Only got to use like 10 different tables for one questions :p
Epic well done! Got my last round of placement coming up cannot wait to fuck studies off
Don't thank me, but the bottom is in.
Today I sold my BHP shares for a modest profit, so the market is guaranteed to be green tomorrow.
This aged well
Ha! Not so much now though. Market is so damned random.
RIP house deposit.
She'll be right cunt, uncle Albo will go halvsies in a 1bedder with ya.
The old using house deposit in stocks waiting for housing market to crash… stock market crashes before housing market now left with nothing
Pretty much this. Probably set me back at least a year now.
I’m a smooth brain but I believe that the stock market recovers before housing in a downturn historically so hold tight.
Haha we can only hope.
So if this is the bottom and I have held for the last year and now Im even. Is that the same as buying at the bottom?
This is really testing my mental abilities but ill go with answer is Yes. ?
Market crash are were this sub is born, yes !!!
Had a stroke reading this
I found it pretty hard to wank to but I'm glad you found it arousing.
I've consulted a thesaurus
I'm so fucked, i can't believe how much money I've lost. Haven't sold by jesus is it depressing to see the amount of losses.
I sold out all of my positions yesterday. Still down nearly 40% from what I put in.
Solidarity, friend! Right there with you. I aint realising shit. Come take it from my cold dead hands, ASX.
Im convinced cunts would panic sell themselves into slavery if they could
Back in ancient times you could actually mortgage yourself as a potential slave!
DXY down -0.5% in the last 2 hours. NDQ futures still green. Please Lord don't let this announcement fuck us.
So I’m doing my part in taking the load off Australia’s energy market. Im going to completely disconnect all electronics from the grid between 5-9pm (peak hours). In order to keep warm I have invited all the people in my life who I find attractive over for an Orgy during this time frame. Going to try do this 3 days a week. For the greater good of our environment and our economy.
I applaud everyone else here to do the same.
Here here 🙌 doing it for the nation
i would encourage you turn on your aircon to the dry function during this period or the sex smell will stick to the walls.
that’s the best part tho
sign me up
You'll go through a few lithium batteries I imagine? Keeping that love swing powered up!
The Spangled Grunter 3000 will get some good usage
Back in the days we were all so happy pumping stonks. Remember these?
Who’s still holding? You only need a nice breezy 16 bag to get back to breakeven if you bought at the top!
Short term pumps and dumps based off hype in a time of free money printing are terrifying
I love rent.com. I only need 7 bags to break even. One of my best preforming long term holds!
It’s about the journey you take with your speccy.
The subpar highs, the catastrophic losses.
[Don’t trust me?](https://m.youtube.com/watch?v=UvjLgjtJKsc) trust this.
Christ almighty we all just lost a lost of money didn’t we
money resting for future big sprint :)
Japanese bond market just triggered circuit breaker. Hmmm bonds?
You have any more info on this?
Source Crashing yen disturbs Haruhiko Kuroda’s zen https://www.reuters.com/breakingviews/crashing-yen-disturbs-haruhiko-kurodas-zen-2022-06-15/
I just saw this. Is this the equivalent of people flocking to US treasury bonds? Or bond prices becoming worthless?
From my limited understanding, some bond traders have completely lost faith of BOJ tackling weakening yen and execute loose monetary policy.
Edit: BOJ is among the few national banks that opted not to raise interest rate.
Japanese money printer going brrrrrrrr.
Economy about to go nuclear, and not in a good way.
Your username probably went from being a joke to a legit expensive commodity during the short lifespan of your account. CoSt Of LiVinG CriSis
Correct. I also bought all my shares a week before signing up to Reddit, what a time to be alive :) can you zip pay zinger boxes?
That sucks dude :( well you still bought lower than some that had full DD and honestly well thought out picks. Ride the waves baby, good luck!
I stick with mi Greng. Favourite dish of the month.
And there goes the last of the green.
We had fun together... right?
Can't work out which is worse, buying EXR and AZL initially or averageing down over the last few weeks to still 40 and 50% down now. Derrrrrrrrrrrpppp
I've got as2 and ess both 50% down and cym 25%
Never buy ticker with number.
Out of cabbage, now eating lawn clippings !
My backyard is full of scurvy weed. Poor man's spinach, but legit edible.
Once you learn the art of foraging there is food everywhere.
Trust me,you will need to learn the art of foraging...
Is anyone here on XTE?
Another almost 8% down on top of the 11% yesterday.
My ringhole is burning.
But, the more I lose, the less I lose.
Ohh rnu you hurt me in my no no hole
I dare not log into my portfolio that holds 200k units of RNU. Out of sight out of mind.. well not really, I’m actually thinking about it now.
What's the story of RNU?
Were gonna put a $500 punt a days ago but nope out.
Not sure really, other than it being a long way off being profitable.
Thinking about getting back in if it goes under 10c, it doesn't seem like a bad company per se.
Hurts… put 15k into mqr the other day at 10c. Into my long term hold folder it goes.
Mqr closed today at $0.068, on volume of 2,600,000.
Was at $0.55 in 2018.
What does mqr do?
How long is "long term" for you? 5 yrs? 10?
Got a few projects running, currently waiting on lithium drill results.
I'm a fan of lithium. Not many global providers of lithium outside China, lithium as a commodity has very good upside (current market conditions not included), lithium (in my view) has very good long term demand prospects, and it's a commodity which I think just by itself is a good hedge in an inflationary environment.
Processing lithium ore is a dirty business though, and refining it is an issue in itself - unfortunately.
Only has a small market cap of circa $25 million, so must be very early stages.
Hope it works out. Shame this current market down run is affecting your holding and it's price. Not an easy market at moment. Thanks for sharing.
I still believe that this company is undervalued, especially after last two announcements.
-With the merger at the west spargoville project with min
-Latest results at their copper gold prospect reads well
Currently waiting on lithium drilling results at their prospect over in USA, hoping that this is where market will catch on, results due September roughly.
Hope it goes your way.
fark dude, sell the next pump of whatever 'hot trend' they pivot into.
edit: not financial advice.
Thinking about it, waiting for results to see if they are onto something.
RNU down 17%? Da fuk
I'm now glad I got out of RNpoo at 16c...
If it gets down to 10-11c I'll jump back in.
I have no idea why either. Although good for bargain hunters 😮💨
The amount of years they are from making money or the cost of construction I would say.
I have no idea just speculating
I understand that but it’s like, why arent other speccies falling 20% today. That magnitude of a drop is unwarranted and I think we’ll see a buy back tomorrow
Lol you serious? It’s clearly a macro economics and current trends. They have enough money for construction and will likely be producing by end next year early 25. Do some research lol
Do you mean early 24 or is there really a year window?
Are you a fucking serious?
I said at the end I have no idea and I’m speculating.
Your dreaming if you think anything’s getting built on time and on old quoted prices in this macro environment. Maybe you do some research
Chucked in a late order at 0.145 looks like I missed out. Might or might not regret who the fuck knows.
Edit: Hold up Barry sorted me out after the bell for 0.140, definitely going lower tomorrow, sorry.
EXR you are a useless good for nothing cunt.
Actually youre not even a cunt cause they are great
How many units you got in this?
Enough to piss ME off. 32k
I think is an inflation or recession, pick one kind of deal now.
What is it called when you sell a dog at a massive loss (HCH -50%) and take that moneys and buy another dog (EXR)????
Dog day afternoon
Double Dog (Dare)
Two dogs fucking...
Double dog penetration?
I think the technical term is “dogging”.
[I believe it's dogging or yogging. It might be a soft d.](https://youtu.be/B6nFhcI4tgI)
EXR you fucking mongrel
Wheres the fucker downvoted me when i said its going to 10 cents?
Show yourself fucker and insert apology here……
Bought more today.... Idioti!
Anyone holding RNT right now? Shoulda sold in January like i thought about oof
Yep, looks like Im a very long term holder now. I still reckon RNT has been unfairly punished because it is a tech stock. Revenue is looking at 30% higher year on year so Im hanging in there. Gotta love disruptive and repeatable! Only needs to go up another 700% and Im break even!
Yea honestly even removal of the payment platform the websearch and url potential should be worth more than the market cap. Slattery owns 9% and a director bought a lot of shares a few month ago. Its just a terrible market for them. I only need like 500%. I'll probably drop 5k in if it dips below 0.02
Ive been buying all the way down since Feb 21 at 24c My average price per unit is 20c. Down $10,440. Just too cheap to sell now. Fuck I would love to be buying in at these prices.
CDT swinging harder than a dunny door on curry night!
NVX $2.50 party lol
Back below CR price after hitting massive highs
Will be worth grabbing some soon
But it will end.
Fuck it's only been two days..
Feels like it's been a nightmare couple of months
Finally the ZIP commsec graph has returned to help me feel better about my own stonk performance.
I’ve never seen articles this targeted ever in my life ... [there’s gotta be more to this](https://i.imgur.com/IcUgglQ.jpg)
This is borderline ridiculous ... news.com telling me not to buy shares wtf is happening
Experts say buy high; sell low!
Bottom is in!
Buy the dip they said.....
they're right though - even a noob like me who knows nothing has been harping about our current situation being mere seasoning on the dip, not the dip.
[3 days ago - lest we forget](https://www.reddit.com/r/ASX_Bets/comments/vah6m2/comment/ic32r43/?utm_source=share&utm_medium=web2x&context=3).
we haven't had a dip. remember feb/march 2020? that, frends, was a dip.
haven't had that yet.
it's a bit different comparing a massive black swan event that no one could have predicted (Covid) vs. something people have been talking about for months on end
Understood, but knowing now that the US has an inflation rate that we haven't seen since the 80's is relatively new information, yes?
Would it not be foolhardy to assume that what we've experienced this week is the worst of it, and it's all tendies from here on in?
That's why I'm all - not the dip, seasoning on the dip re: what we're seeing.
Agreed that we're talking about it. Yesterday was (to my noob investing understanding) the first time that we've seen a decent lowering across the board of share prices, and I'm not aware of anyone wrinkle brained suggesting that it's all over, business as usual from here on in. We're at the beginning. There's a very high chance that we have not seen the worst of inflation etc yet.
Not saying that things are going to be mooning green again any time soon and am expecting more red to come
just not another massive Covid-level crash if things proceed along the current path, stagnation & more gradual losses until any kind of major positive world event (Russia war ending peacefully somehow, China getting on top of Covid & properly re-opening, etc)
>am expecting more red to come
I don't think we've seen the worst of the red, which is why in my opinion folk should hold off on the buying. At least, I am, I've done more than enough damage by buying too early, and need to hold off, perhaps sell some not forever shares if things do go green, and wait.
What time is the rate announcement?
Someone previously said 4am tonight but I haven’t confirmed that
Thanks for the confirmation
I like to let people know I’m an unreliable source
I put in a lowball offer on CHN at ATL and I’m annoyed only 1/8th of it got filled before someone put up a wall a pip above it. Order expires today and I’m probably paying more for brokerage than the shares
You should be able to change expiry without adding extra brokerage or changing your position, unless you want it to expire?
I tried editing the order on the SelfWealth mobile app just the date of expiration is locked. Maybe I’ll try PC. Should have just extended it to begin with
Use browser on phone. I don't like trading through the app, especially for pennies.
Worse case you can just call them up?
FMG and GRR are doing quite well
Yes they make money, but so does PLS (they've taken a beating)
A little confused here
It's a time of confusion all round, James. It's safe to say though, that anyone previously ~~fucking~~ investing in Mariah Carey would be very confused, so we'll give you some extra leeway there.
Ohhh he wasn't fucking Mariah, that was a " wait till marriage even though I'm no virgin" type deal.
So with the payout, it's fair to say she fucked him
Thanks muchly for setting me straight in these confusing times :)
Should just raise interest rates to 20% and keep them there for 2 months, that should quell inflation and knock out any financial stragglers who are dragging the economy down.
I’ll just do 23/1 fasting and $5 blowjobs the whole 60 days and it should see me through.
Stop undercutting my blowjob price
Or we just begin the hunger games already. I’ll start I’m already hungry.
Tempted to sell my index funds and dump into MQG and BHP
Not financial advice, but do it 🤰🏾
MLX continuing to get smashed, no doubt the market is bearish on their key announcement of 'Change of Office Address'\* 🤡
\* may also be due to flailing tin prices
100% of change of office announcements are ^eventually followed by delistings and/or the end of society
Order in for .35. What do you make of the late trade of 1.2 million units at .385?
It's back to my buy price, definitely topping up while it's around the 40c mark.
I bought more at $0.385 today but starting to run out of spare cash at this point 😅
I'm thinking about realizing some losses so I've got a bit more cash for buying in future. Wish I had some gains for the losses to offset.
From a couple hours ago.. Are Aliens good for the market?
So another vaccine?
Already priced in
Depends. Do they need lithium?
Aliens comes to earth and shake our trees. I just back up my truck and shoot at them
Sounds like the plot from the excellent book The Three-Body Problem
ARR is down 15% lmao
Oh what joy, we have power hour on the afternoon ASX slide deeper into the red.
Preparation for a 75bps rise in the US, it seems
Stick me with 200 already and let my body rot.
What's the bull case here for those who remain ?
Everything i read or videos i watch are pretty much doom and gloom with some claiming this is going to be a one off event, once in your lifetime (a big crash like 2008) , while others point to stagflation and recession and more pain to come etc.
Nobody really can predict the future, but what's clear is that there is still downside to come
Hard to trust any of the media, because you never know what the agenda is. You have Jim Cramer giving out hopium to retail traders (hes a nob), and other representatives of firms giving the bear case.
Im just thinking, what can the Fed possibly do to turn this around? In previous cases they slash interest rates and pump money into the economy (but that would make inflation worse)
What are your predictions / plans moving forward? I know lots of you have moved to cash, and others maybe parking their money in 'safer' stocks?
I am genuinely stumped as to what the market is going to do in the coming 2+ months. Tonight, I’m praying for 50BP or lower (the latter isn’t going to happen, probably not the former, either) Expecting 75BP but don’t know how the market will react even though I think it’s well and truely priced in since yesterday.
I’m praying for a retrace / some green and then afterwards I’m going balls deep into inverse ETFs.
There are too many economic statistics showing how cooked the economy is IMO. However, I also truely feel that a Russian exit from the Ukraine would initiate the start of easing of inflation around the world.
The cunt is truely fucked.
It's 'Ukraine' and not 'the Ukraine'
Consider supporting anti-war efforts in any possible way: [[Help 2 Ukraine](https://help2ukraine.org)] 💙💛
[[Merriam-Webster](https://www.merriam-webster.com/dictionary/Ukraine)] [[BBC Styleguide](https://www.bbc.co.uk/newsstyleguide/u)]
^(Beep boop I’m a bot)
Not sure if it’s a bull case, but the age old argument for good companies is still as true as ever.
Healthy balance sheets, good fundamentals, good management and a marketable product/resource.
Slashing interest rates implies there is something there to slash, which there isn’t. Interest rates are still very low and the media is playing every single hike as an Armageddon scenario.
Same with QE, there’s always a inflection point.
Since March 2019, it’s been on overdrive.
Someone was talking about yield curves in a earlier post and the articles about the inverse curve, which was actually a good discussion.
The TLDR is that when a short term yield is higher than the long, the assets risk (debt asset risk technically) is higher in the short term, which means a more risk averse market.
Traditionally, it’s one of the economic markers for a recession, but it has a lot to do with timeframes. The whole ‘soft landing’ thing is a scam dream, financial institutions and governments will hike as swiftly as necessary to bring inflation back to 2-3%.
The quicker rates increase across the board, the quicker the aforementioned institutions reposition themselves to get a handle on inflation and bring rates back down (expression and contraction periods) to achieve a balance.
Volatility on the way down for sure, but it’s not going to stop any time soon.
In regards to the Fed specifically, I think 75 is a lock for tomorrow. More important is what they say about moving forward, the path for the next rises. From memory, it can’t officially be labeled a recession in the U.S until July 28th, as they need data from 2 successive quarters.
Thank you for attending my TED talk.
TLDR: In any market, in any circumstance, at any time, ZIP will always be dogshit…
I've subscribed to your YouTube channel 🤰🏾
I wouldn’t 😳
You still coming over to Perth?
Yep, thinking late October/early November
Any thoughts on the credit cycle and potential elements in this environment to look for recovery signals once we are past the downturn and move into repair.
As in, the actual credit cycle in relation to the access to credit?
In Australia, I can see this looking a bit odd when comparing to past global downturn/high inflation periods simply because our debt levels are astronomical.
It’s a bit like buyers fatigue in stonks, which is what a lot of decent stonks are suffering from now, but in relation to applications for credit.
I can’t see it being made easier, but conversely I can’t see a huge rush of folks wanting to access it either.
I guess technically it’s a dual contraction, but my economics/financial terms memory is a bit fuzzy…
Is that what you were asking?