By - AutoModerator
So I've been in the premarket thread all day thinking, jeez it's quiet in here. I must be the only person making money today.
What a fuckwit.
Hush 🤫, the green is slowly creeping in don't spook it.
nah mate, one of us. been there, done that.
Day 76 waiting for AZL to bless my life and get BLM approval
How is everyone enjoying their YOW shares?
It's surprising how when faced with the alternatives, ANL seems like a smart choice.
Cash holder checking in 🤡
Savouring that negative real return. 🥵🥴💦
Were you looking for r/AusFinance!?
So is VML back on its regular run to 6.5-7c before heading back time or is this the time that we’ll break through 🙏
Not this time
This time a strong 15c
That’s right 15c
Shittt better buy more then
Lol na na
Wait for 15c then yolo in and sell out at 7c
That’s my plan
Ah the moweth way
Fuck that guy was annoying
Meowth! That's right!
I missed seeing FFG soring back up today with the IOU pump and all the other green. Another one rising from the bottom on no news.
1.93% down 53.4% up on a small holding in a speccy miner, which outpaced my other loss. I'm not holding much atm.
Back to 8 bags on MAYO, still half from ATH but enjoying the emotional roller coaster it’s been ⛽️
Damn can you share that screenshot, i wanna cum to some profit-porn. My 🍆 is bored of all the loss-porn the past few months
I will at 1000% I don’t want to jinx it
As advice from an idiot who rode two stocks to 10 bags (ADV & RBL) then back down to 2 last year, please sell half when you hit 10 bags again!
I’ve already hit 15 bags and back down and back up
Gotta have some excitement in this life
AMS was the true king the last few days +78% up in the past 4 days and a healthy +51% today.
I used to use their products daily at work for past 5 years, they are a legit innovator in the video/film/broadcast production world.
When the CEO left and then the new CEO got booted in Apr the stock was trading -80% of its SP only a month prior, was defs the time to buy in, and they are profitable - whaaaaat!?
Got my pf closer to the green now, another 22% to go...
good to see IMU holding onto yesterday's gains, hopefully more to come this week!
Wonder if we're in the midst of the biotech reversal
would love to see ACW get back off the canvas!
I'm waiting for that 30c imu!🤞
A nice green day, but also a friendly reminder at how much harder it is to climb back to recover the % lost. Maths. Pffffft. What's it ever done for anyone. Nerds.
Ha! You need to take a look at absolutes, not percentages.
Sounds like everyone got a win today. You little fuckin beeeeauutay
Good news, My lunch was priced in today as i bought it two days ago
Using the L+2 method. Cheeky. 'grats!
❤️ stonks again
I love it when Tom gives more gains at close. From 3.5% up to 4.42% up.
If the bear rally holds in the US it's gonna ream my inverse ETFs overnight and potentially force me to lose a ban bet.
Is it a bear rally or did we hit bottom already 😏
Guy on HotCopper said the charts are forming a inverted anus with a cresting balls pattern. Looks like time to buy.
I reckon we're merely in a brief period of respite before we test lower lows.
Looks over at u/AltruisticCurtains's 4.42%; looks down at my 3.43%...\*sighs\* pen...I mean portfolio envy.
I felt that too. Bit of movement in the undie department.
sold off the BRN. feels good.
GAL off the trading halt tomorrow so looking forward to getting that sorted too.
Any reason why you sold BRN bro just curious :)
Why c/o [https://simplywall.st/stocks/au/software/asx-brn/brainchip-holdings-shares](https://simplywall.st/stocks/au/software/asx-brn/brainchip-holdings-shares)
BRN Stock Overview
BrainChip Holdings Ltd develops software and hardware accelerated solutions for artificial intelligence (AI) and machine learning applications in North America, Oceania, Europe, the Middle East, and Asia.
**? Yes, but what does that mean for the average punter?**
About the company
\- Earnings have declined by 21.5% per year over past 5 years
\- Significant insider selling over the past 3 months
\- Shareholders have been diluted in the past year
\- Does not have meaningful revenue ($2M)
\+ I didn't do my DD, and I don't like having shares in something I don't understand.
Wow i made back about another 4.5% today.
Pf now down only 21.6%
Lol from a little over -30% at one point
Life begins at -30%
Clawing back. I'm still down 9.5% for Cal year.
Green metal commodities were absolutely trashed the last few months...
We are on our way finally
I don't think I'll be averaging down much longer on my other ixr holding sitting at a average of 4.9c.
You have 2 IXR holdings?
I do one 2mil one 450k.
You are balls deep
Are your balls deeper in VML or IXR ?
I actually have more ixr now I was even in the smaller account but before eofy sold 100k vml to get 180k ixr.
Large account is still 2mil of each.
You really are balls deep.
I can’t wait to crack the 1m VML
Currently at 750k
Yeah I was aiming for 500k ixr that way in 5 years if it's between 40-50c ill be able to pay the house off and still have the sizeable amount in other port. Fingers crossed it comes to fruition.
I see. Explains the flair 😂
up 7.65% today 😭 still 29% down but fucking hell I needed today.
Would very much love IXR to be my one stock that really moons. I need it.
+8.4%. The pennies are back baby.
Yeah +4.9% today. Now 18% down.
+7.94% today, only -18% on the portfolio now, at the worst it was -30%.
8.5% here, nearly making back the huge losses but really nowhere near it yet.
I'm on a first name basis with expert Fred Williams, i'm going to call him up tomorrow to ask what he thinks of IXR and how many tennis balls he can fit in his mouth.
GOD bless Fred.
Love the video!
That said, the comments on that video are pure spam...Don't know why i expected anything different 🤡
Back to work tomorrow, it has been a fun 12 months on here, thanks to all. Will be making cameo appearances when time permits at the salt mines!! Happy Investing!
IXR catching up to VML!
Need more days like this pls.
Edit: AND THERES THE SPRINT!
AEF with a nice arvo jog again 🏃♂️
That’s my boi
imagine telling everyone this morning that VML would pump harder than IVZ today. hahaha. fucking stock market.
Id have asked what u were smoking……
I aint complain'!
was promised the markets would melt today from Rates decision what's going on
They goldie locked it in. Too low would've appeared weak, too high would've appeared too drastic. It was juuuust right.
Inflation and interest rates might actually, almost be, officially, finally PRICED. IN.
tell that to the bears
LGP bouncing back nice 34% ! Still 44% down though
WOW is your average around 55c?
Ouch - It might take a few more weeks / months to recover that value.
It’s okay been holding close to year all in good time
I was just a bit concerned the auditors made a comment in their annual report that they consider their ability to maintain an ongoing business was questionable!
Ya jinxed it man, only 20% now
MAY you absolute mad dog, I thought you were dead!
Moronic me bought in at 14c so it's nice to come back from 50% down. It's almost there.
It will get there and beyond IMO!
To many red flags, not producing oil, no where to sell it. They have down graded the bore size so expect less then predicted flow rates. Big pump happening Big dump around the corner. Company looking to get the money either through options conversion or cap raise.
Your Alt is?
You think they’d be at current MC if they were producing oil?!
How dare an oil exploration company find a fuck tonne and not be producing within 1 month
>No where to sell it.
No, I've heard no-one likes oil any more. That's why it's so cheap.
Or.. Maybe they could sell it to Cuba, where they are, whose domestic electricity supply is powered by it.
A fall tomorrow isn't unreasonable, though.
The zapato well is 30% working interest that is only half way complete, every update they have given for this well is we have drilled a bit further. They have hit some hard stuff that's going to cost them more to get through. Every well they do in the same formation will encounter the same. They do not have enough cash to support their on going program. 95 million barrel prospectus with how many other joint ventures? 95 million barrels starts to look a lot more like 10 million with costs. If it takes them 3 months per hole to produce it will take 5 years for their prospectus to come to fruition.
C’mon ANZ, you’re my only red at the moment. You can do it.
Finally a rates announcement was actually priced in
My pf is up 3% since the rba announcement. Cheers MAY.
Investors expected a rise and MAY gave it to them 🍆
MAY going nuts. 😳
It's a good stock and more room to grow
Held for a few months at 0.02 and sold for 0.03, fml
Profit is profit!
wtf i love oil now
AL3 finally turning around with big names in its belt, ExxonMobil, Boeing, AGL who next. Come on my biggest dog, time to turn around within expected timeline
Large SP jump for an order of $140,000 but I guess if successful the future is looking bright!!!
More about the names and the tech validation in an industries that is slow to adapt to such changes.
I misread the headline as a 1.35% increase. Now THAT'S how you make out you are at war with inflation...
500bp would be the minimum needed to actually do anything. Lowe is just kicking the housing can until the end of his term in Sep 2023.
500bps would certainly do something, I'm not an economist but I'm not sure that something would be in line with the RBA mandate.
500bps and we're heading for some dystopian street-wars levels of shit. Bullish on WES for Bunnings and any other chainsaw-selling stores if that's the case.
Unless Lowe copped a punch from Mike Tyson and had his brain restarted, I don't think he would know how to fight inflation
Future is priced in. Always has been.
Priced in deez nuts. Everyone still panic selling
Which future though
It's kind of a quantum thing.
Both the future's future and also past futures
Am from the future. Can confirm.
So I've just noticed my bank has implemented tiered rates based on LVR, and because I spent so many years pumping money into it rather then the stock market my rate hasn't really even changed much so far.
This is the first time I've felt good about putting extra money in there rather than into stocks. I guess banks want to hold onto their safe loans in these times. Those with an LVR above 85% are getting dragged over hot coals.
You should consider refinancing elsewhere for a better r... Whoops not in ausfinance... Refinance and take your equity for microcaps.
Treesworth be right; would be worth shopping around to see what rates are on offer without this tier'd nonesense. Now's the time though as rates will not be going down anytime soon.
Ol' SYA just schlepping along in the background. Up 10% so far!👀😎
MAYO +150% since 23 June lows ✅
Edit: 1 and a half bag not 2 and a half, yet.
Big dump coming this week.
I take a big dump every morning.
With clean snaps.
Sounds like a bet 🤔
Goes well on French fries.
Some good advice from Next Investors, and a good strategy to follow. Sometimes i feel like they're actually decent guys, because they always explain this strategy and not just P&D'rs. (They're advising you to take some profit off the table when possible and de-risk etc).
Honest, transparent pump crew gets a thumbs up from me
We generally have the following plan:
We invest early in first movers who can secure the best acreage on the best terms. ✅
We patiently hold onto our investment as the company matures or nears a drilling event that could be a big catalyst for a re-rate. ✅
As the share price increases on the speculation of positive drilling results, we Free Carry, selling enough shares to cover our Initial Investment and Subsequent Investments. ✅
The final stage is when we ‘Take Profit’ and hold the remainder of our investment into the drilling results. 🔄
We are currently in stage 4, having Free Carried our Investment and Taken (some) Profit.
With the big drilling event now less than two months away, we will continue to hold the majority of our position going into the drilling program. We will only consider further de-risking if the share price moves materially higher.
Our plan, as always, is to hold a large enough position going into drilling so that in the event IVZ makes a basin opening discovery, it will be transformational for IVZ, and we would expect to make multiples on our investment.
If the drilling is unsuccessful, we would have limited our downside risk having already Free Carried our initial Investment.
We want to reiterate that this Investment Strategy and our Investment in a company like IVZ fits in with our risk profile, but it is not suitable for everyone.
Oh yeah "*we take payment for these pump emails in free shares and then dump them on your dumb heads to free carry...*". What a great bunch of blokes!
Business is business, everyones gotta make their $ somehow
Im not saying to trust them, im just saying they're not the filthy pump n dumpers some people think they are. You've got to do your own research and make your own choices etc.
I just mean that they atleast explain the risks and explain to the retail idiots that you need to de-risk along the way and protect your capital going into the drill etc.
I wouldn't trust anyone!
If you pick a winner once, it doesn't mean you'll always pick winners. They've had quite a few losers along with quite a few winners.
I just meant that they're transparent with what they do, and also transparent about their strategy. (They're not pushing retail to buy at the top whlist they simultaneously offload onto them for example). Instead they're telling retail that hey, you should take some profits and protect your capital going into the drill. I think that's a lot more genuine than twitter influencers and filthy pump crews etc.
Plus the only reason we know everything about them and what they do and how they acquire their shares is because its all in their terms and conditions / public info (and ofcourse credits to Mutated\_Cunts investigative efforts)
For example, on their stock pages they state: *"The Company has been engaged by xxx to share our commentary on the progress of our Investment in xxx over time."*
Are they though? Transparent with what they do? Why would a transparent company own the shares they are given in return for services under a different name than they pump them in? Most retail have no clue. If not for this joint id have no clue. They are about as transparent as fresh jizz imo
Forgetting who published the information i.e. Next Investors the strategy is sound and I'm sure many here practice it with their early buy explorer investments.
I agree, I think Next Investors and companies like them are vampires but the strategy is still sound when practised by investors like us.
Just logged in to find ADO up 18% for no reason that I can see
They have added a new product called AnteoDog which reflects the company and its future!!
Not a bag holder I assume? User name does not check out?
Not a bag holder or even a stock holder but good luck!
Eh - my average buy in on it is pretty low so I’m not too fussed by the bag holding. DW8 is the one I need luck on 🤣
Food for thought (From Market Index)
Some interesting quotes from US trader, Mark Minervini - as investors wait for the market to bottom and search for the next trending stock/sector.
"I think it's time to start entertaining the idea that small and mid-cap stocks may be leaders in the next cycle. The mega cap past leaders will bounce from beaten down levels, but for the most part they are morphing into stalwarts."
"If you wait until the popular indexes bottom you could be missing key leaders at proper buy points. Leaders lead! By the time you make a bullish "market" case or for specific groups, the best names have already emerged."
Lets go MAY!
This is when I'd usually buy in, for it to go up a couple of cents, me congratulate myself and then comes the long run down to a 80% loss.
Bought in at .06 and haven't sold a share even when it reached the ATH of 0.21
Check the sell position at 13c!
12.5c line wiped. 13c MAY get cracked today.
Two lots at 13c thru 8 shares and 98 shares; bit sus. Don't count I think but gets a rocket🚀
"For the average owner-occupier with a $500,000 debt and 30 years remaining on their loan, monthly mortgage repayments rise by $144 as a result of today's decision."
Lol - what about the 30 year old couple who were on two incomes at the time who spent $800k, $950k or $1.1M buying their first house, maxing out their borrowing capacity. The Mrs is now pregnant and household is now on single income?
Or the boomers who's house got overvalued by 20% during covid, borrowed $220k to put a pool in and buy a brand new 2021 Land Cruiser + Caravan who's house is back worth $800k but suddenly owe an extra \~$200k and were planning on retiring?
During C19, the Mrs and I had our apartment evaluated and at the end of the inspection, we asked what he thought it would be worth. His response: "What do you need it to be worth?" Sure enough, the evaluation came back at the amount we needed.
I am not saying what the RBA is doing is right or wrong. Rather, highlighting the decisions that people made in the last two years - right or wrong - and the subsequent, potential outcomes of these decisions.
The screws keep getting tightened but inflation is going nowhere friends.
Around here people are selling 1-2 year old land cruisers at a higher price than a brand new model. So they could sell the car for a profit (have seen a couple of year old sold cruisers sell for 15k over RRP)
Don't forget the 1-2 year old models might be V8s whereas the new models coming in are 6 cylinders.
By the way the new LC300s are seriously under powered!!
I'll stick to my 2013 Mitsubishi Challenger lol. So far it's got me up and back from camping in the snow, a few tracks in the high country and hopefully there and back from the dessert in SA.
I do get envious seeing all those Land Cruisers with all the bells and whistles getting around though.
Never get a mortgage for more than you can afford to lose. Not financial advice. DYOR. This is only the begining. See you next rate rise. ;)
My Hunters Connection pork roll went from $5.50 to $6. Inflation is real.
It's like $10 in Perth zzz
longs on long pork
Dang I'm getting banh mi for dinner now. Hnnng
The fuck are you borrowing against your house to buy a fucking a pool
Lol we did that, fortunately our mortgage is relatively small for 2 full time people in stable jobs. We’ve been grinding our arses off for too long and wanted to treat ourselves and the kids. Anyway it’s a moot point when MAY 28 bags I’ll buy the whole goddamn village.
ASXBETS 2022 xmas party at Willybhoys’
Fucking oath! I’ll have to move the JetSki and Holden Maloo out the driveway to make space tho
I/we didn't. But people did. Or an extension, or a new car. I'm simply saying that some people may have "over-borrowed" throughout the last 1-2 years.
You'd be surprised how many people borrow against their house for pools, cars,caravans,jetskis,holidays,etc.
That old saying about people going into a bunch of debt to buy things they don't need to impress people they don't like rings a bell.
This. I know a few people who bought new cars borrowed against their house in the past two years.
Is it time to CCP yet?
I reckon it is getting close because they will be busy soon!!
My only green holding is Woodside. Symbolic of the times we live in.
IEA says fossil fuel demand will drop, invest into oil and gas because these mofos always wrong
Thank you. Why anyone would listen to the buyers of a product about their thoughts is beyond me. Their imports speak louder.
Fatih Birol might focus more on Turkey's 80% inflation rate.
Nice little jog from AVL today on no company news. Is this from Bowen's press club conference where he was touting EVs or is there something else I missed?
Seemed the Vanadium sector was up overall too. SRN has been good in the past week too
"Today's increase in interest rates is a further step in the withdrawal of the extraordinary monetary support that was put in place to help insure the Australian economy against the worst possible effects of the pandemic. The resilience of the economy and the higher inflation mean that this extraordinary support is no longer needed. The Board expects to take further steps in the process of normalising monetary conditions in Australia over the months ahead. The size and timing of future interest rate increases will be guided by the incoming data and the Board's assessment of the outlook for inflation and the labour market."
From this I am inferring more rate rises ahead and no more cheap debt for banks or businesses. I feel like they will want to bring the interest rate up to a point where if necesssary they can lower it again healthily when needed. Average cash rate since the year 2000 has been 3.5% so me thinks we are headed to about there in the end.
That "no more cheap debt for businesses" line makes me lol about all the shitcos who borrowed last year at > 10% (yes, I am looking at you, MNS).
yeah its rough for them. I'm mainly meaning the cheap money banks were allowed access to loan to businesses. Nowdays its back to bonds for them.
Yeah, but to me it just highlights how much risk lenders were pricing into those deals in an unprecendented era of cheap money. Truly the junkest of junk.
Truly junk indeed. Assuming the lenders have good analysts go over this stuff and more detail than any retail safe to say if they are expecting high af risk its gonnna be spicy
I'm pretty sure the RBA has a history of sequential rate rises followed by periods of relative calm, or tapering to suit. That's just from memory so I could be wrong though. I think its important to keep in perspective that we have been in an extraordinary position for a while now with the rates as low(e) (*lol*) as they are, even still.
Running it up higher to get ahead of the game and then pulling it back is the method they generally use.
I've always thought it's a weird way to to look at it, the whole ''*Raise interest rates, less household spending, slower economy*'' metric, but I wouldn't profess to have a better option.
Automod teach "conventional monetary policy". lol
I know right?
It's one of those odd things. Across a cohort, or looked at empirically it makes sense as a data set. Anecdotally, there is so many holes in it....
They do indeed, I know some people who used to work there I can ask as well. All in all I 100% think they will aim to get it 2% by EOY and eventually to 3.5-4%. Gives them leeway to move it back down, will keep savings slightly ahead of inflation at 3% and all in all 3% interest is not high considering high is like 7%+ so businesses will get used to it very soon. I think a lot of the media complaining is just growing pains as people realise 0.1% rates weren't normal.
Yeah but when is "in the end"? Keep raising it too fast and they all but guarantee the WILL need to lower it again sooner rather than later.
This is likely the end for a few months while RBA watches and waits. They don't move in large increments like this unless needed as it takes time to impact. After a cash rate increase of 1.25% in 3 months don't expect RBA to rise rates again unless inflation numbers continue to trend upwards badly. The guys upstairs know the impact of rising rates on joe mortgage. So my prediction is no increase next month. You're welcome.
The guys upstairs don't actually care about the impact on Joe mortgage as long as they're not causing mass Joe delinquencies, I'd hazard 75 bps more (50 next month, 25 in sept)
No pause next month, min 25 bps rise.
Lots of words there about how resilient the economy is, how good it is, how everyone has big buffers. Means Lowe has some buffers to burn here.
I think unless there's a big surprise indicating inflation has started dropping significantly no pause for the next 2 months
Even shit stocks are like "fuck you imma be green today". And then the bear kicks back in 🐻