T O P
scorpio_

What did me and my portfolio have in common today? Huge dump in the morning and lacklustre performance thereafter.


botched_stunt

coloxyl might help maintain consistency


[deleted]

[удалено]


PowerBottomBear92

You're not gonna want to look at it on Monday either, belieb me


Calm_Lengths

Depends if you want to ruin your weekend


desperaste

5% growth for CAU. Good day chaps 👍🏻


botched_stunt

can you bring this to the other dogshit weed stocks tnx


cohex

VML with the tricky grey to green barry combo what a sick cunt


sneakycutler

Vale bullish on [iron ore](https://www.bloomberg.com/news/articles/2022-09-15/vale-says-iron-market-can-only-get-better-amid-tight-supply) - Bloomberg (article below) ​ The iron ore market has stabilized with impacts of China’s Covid-19 lockdowns and real-estate woes already priced in, according to a top producer of the steelmaking ingredient. “The good news is that from now on it can only get better,” said Luciano Siani, head of strategy and business transformation at Vale SA, the world’s second-largest iron ore producer. Unlike previous downturns in Chinese demand that caused iron ore prices to plummet, they are now likely to hold close to the current level of $95 to $100 a metric ton since miners are having a hard time supplying the markets, he said in an interview. “There is no ore available in the near term,” Siani said. The iron ore industry is facing headwinds after enjoying a period of prosperity in the first half of 2021. Profit margins once inflated by a commodities boom are now being squeezed as slumping prices collide with inflation and recession fears. China demand has softened as lockdowns and a property crisis threaten to undermine the nation’s peak construction season. Iron ore futures have plunged 40% from a March peak. China remains an important buyer of metals, though a global transition from fossil fuels to cleaner energy sources will become the main driving force for business decisions in the mining industry for the next 20 years, Siani said. That shift will prompt China steelmakers to demand higher iron content. Vale aims to preserve its market share by becoming a top supplier of high-grade iron ore products, which today fetch a premium of $15 to $85 a ton over lower-grade varieties. Vale Lines Up Top Steelmakers for Decarbonizing Partnerships Vale has been pursuing partnerships with steelmakers looking to address the challenge of finding cleaner ways to process minerals. Its efforts include developing so-called green briquettes that the firm says can cut greenhouse gas emissions during steelmaking production by as much as 10%. The company plans to have hubs to make iron ore products in regions with low energy costs, including the Middle East and US, within the next two decades, Siani said. The Rio de Janeiro-based company also has ambitions to become a bigger player in the base metals that underpin the energy transition, moving beyond its focus on nickel and copper, Siani said. Vale wants to expand in key metals needed for electric vehicles and the renewable energy industry, and would consider small acquisitions. One battery metal that’s less appealing for Vale at the moment is lithium, due to soaring valuations for miners of the mineral crucial to EV batteries. “Lithium is an interesting market, but I’d say at the moment the companies’ valuations have passed the point where it would be attractive to make a move,” Siani said. The company is looking for a partner to build a nickel sulphate operation in Canada and is in talks with battery recyclers to broaden exposure to the EV supply chain. Vale Has Best Week in 20 Months on Metals Rebound, Nickel Plans Vale gave investors a glimpse of a pipeline of base-metals projects during a recent presentation in Canada, where it operates large nickel mining operations in Sudbury, Ontario and Voisey’s Bay in Labrador. The miner also aims to get bigger in copper, given looming shortfalls of the metal used in wiring. “There will be a significant deficit,” he said. “If a company has a licensed copper project ready to be implemented, no investor will say ‘don’t do it’.”


sneakycutler

Interesting comment that they're already "in talks" with battery recyclers. A JV with NMT would be momumetal for the latter.


Mysterious_Value_764

Bullish on 2 minute noodles


PowerBottomBear92

You can afford noodles?


NoDuffTrading

On the 23rd September MAY is back to the same level it was on the 23rd February. Prior to any confirmation of finding oil. Down with the ship I go


sneakycutler

Think “market conditions” may have scared investors away from equities and into blue chips or cash.


NoDuffTrading

Yeh I agree I think a speccy oil explorer might be the last thing some people plan to buy in these conditions. Not too long ago we had 100mil volume days moving 50% so anything is possible. Sentiment is all time low considering we could potentially be on the cusp of another discovery.


t4zmaniak

I sure wish I kept money for the dip 🤷‍♂️🤡


NoDuffTrading

I am interested to know if it’s just market sentiment, insider knowledge, people still trying to free carry and cash in or a mix. The volume has been tiny compared to SOI yet it’s a slow trickle down relentlessly. Insane we were at 21c now at 6.7c


rsoule878

Week or two in target. See what happens then.


SatansFriendlyCat

Deja vu much.


A_Anderson151

Remember when we talked about Zapato drilling and hopefully reaching TD before IVZ spudding as it would dictate our strategy? Remember when that was like 3 damn months ago and neither event has occurred?


SatansFriendlyCat

It's memories like this which give me insight into the creative impetus behind recording those songs which are just full screaming over a background of static and 10 distorted guitars. Which is to say, yes. Yes, I sure do.


NoDuffTrading

We didn’t have too much of a build up pre hit last time either if I recall, I can’t remember what caused the first big run but I remember it took a few good announcements


rsoule878

Been a ride to shitsville last few months. Hopefully bus to utopia has a few MAY tickets.


Markma1989

My fking portfolio is down 15% overall. I’m not sure if I want it to go rocket or go to hell so I can buy the fking dip.


plantbird

Only 15%? I'm sitting pretty at -33%


sneakycutler

NMT went from -4.18% to end +0.42% 🤷🏼‍♂️


[deleted]

[удалено]


sneakycutler

Coal and PLS holders lookin at you weird


zupahorse

How good are beards 🎅


SatansFriendlyCat

Ace. I can only vaguely imagine what I'd look like without one, and I don't like it. I can't even remember what I looked like before I had one.


botched_stunt

cats dont have beards


BeardFactory

Everyone, I actually hate money. Please rob me and burn my money in the streets in front of me. This is my deepest desire, cut out the middle-man


sneakycutler

Commsec hates this man.


scorpio_

Sounds like you want a job at DW8.


Qwertyiantne

Order of 3.6c for VML done. Hopefully I didn’t just make a dumb mistake 🤷‍♂️Gonna hold through the pain


throw23w55443h

That was fuk. I need to talk to someone about the abuse i just copped.


A_Anderson151

Yuck


OldMateHarry

...and VML has finished grey. Truly the biggest gronk of a stock. nevermind up a pip in aftermarket auction. Best stock ever


Tbone_85

….. finished green by 1 pip - getting a little impatient but eh - I’ll take it. Thanks Barry.


OldMateHarry

Courtesy of barry I can promise you one thing for certain: The kids aren't eating this weekend


[deleted]

Xmas is ruined this year


colliric

Stop trying to make "X" happen. Latinx, Womxn and Xmas all suck. And yes I know Christians did it first themselves cuz Greek stuff, it still sucks compared to the full classic.


[deleted]

Wot


asxist

Should have stopped at the mean girls quote


colliric

Lol.


OldMateHarry

what the fuck lmao


besttesterer

T+5 play was looking so good... Now i just look like a mod...


cobblecreekroad

Fuck me, you know things are bad when no one really has a fucking clue on next week’s outlook.


yippikiyayay

Totally forgot the market was open today. Probably just won’t look…


Awesomise

DON'T.


Markma1989

Surprise


yothuyindi

was busy doing work stuff and not concentrating & accidentally bought more S32 instead of SFR 🤡 said fuck it and bought more SFR anyway 🤡🤡 final decision is to put money into either YAL or BPT... or both? 🤡🤡🤡 p.s: # 🤡


[deleted]

BPT? 😬


gmatic92

Oooooooft. NGL today was bad for me. Wow!


thenotoriouspo2

5 kilos into VDHG fuck it


PowerBottomBear92

damn VDHG is pretty much where it was 5 years ago. Fuckin speccy ETF's,.,.,.


scorpio_

But muh divvys...


Hypertrollz

In an hour Barry cometh.


coastie_trader

Yep. Cometh all over you


Hypertrollz

Too scared to look at pf.


9aaa73f0

Averaged down on SGP, their guidance for FY23 dividend is 29.5c (75% to 85% of FFO with 36.4 to 37.4c FFO) Equivalent to 9% dividend yield at these prices (good analysis by GS on comsec as well) And property is good hedge against inflation, too good to look past.


plantbird

Ooof. I can take the losses on red days for stocks I like but my BNPL dogs down >90% still hurt. Has anybody else *never* sold a stock even when they've lost conviction?


raindog_

Let me introduce you to TMZ. A CUNT of a stock. Fuck Silver, and everything made of silver and the fucking sink hole silver mines. Fuck it all into the depths of hell.


YouHeardTheMonkey

Yep, one of my first retard purchases BID -92%. Hold as a lesson to zoom out on charts.


Calm_Lengths

XST holder reporting in at 90% loss


coastie_trader

Yep you belong


Mayijoinyou

Am with you ZIP - 90% and NXL coming along nicely at -83% ... at this point am not selling, might as well go to zero , fuk this shit


DX6734D

May as sell to get them sweet capital losses, otherwise it is a bitch to sell if they get delisted (RGI for me). If you want to keep them just as a reminder of how retarded you are, sell all the units, but keep one unit as a trophy.


plantbird

Yup, I know the pain of a company going bankrupt and being delisted. Still waiting on BUD to be declared worthless so I can harvest the loss.


DX6734D

I haven't tried, but I believe you can sell delisted shares off-market on [https://www.delisted.com.au/](https://www.delisted.com.au/) to realize capital gains, and they are listing BUD as eligible.


Mayijoinyou

haha i like the idea of keeping 1 unit ! dog paw print. You are right abt capital losses though, but yeah nah , just gonna keep goin full regard, lucky they were not huge investments in the first place


Hypertrollz

SZL holder at 95% down reporting in.


9aaa73f0

Im thinking relief rally Monday, people will have time to calm down and look for some bargains. But all bets off for Tuesday.


Embarrassed_Land_728

Thought I was clever waiting all morning to buy VR8 for 9.7c for it to drop to 9.4c an hr after buying. Still with that DFS still on track for next week fingers crossed it goes for a run!


Awesomise

Oh my god ASX what the fuck


Simonpink

CDT you pathetic dog.


megadrive65

It's a swing stock, nearly time to load up


Simonpink

It needs to swing up 50%


megadrive65

You bought at the wrong end of the parabola! Good for 20% in coming weeks


Simonpink

I definitely did.


litres-of-cum

Contrary to my last comment. I really really want to buy more IXR right now but unfortunately i am a tremendous pussy.


Mayijoinyou

unfortunate and tremendous pussy don't go together, you of all people !


scorpio_

It's ESIA said than done.


AureusStone

Just do it. Uganda love it.


Adventurous-Age6490

Is HVY a buy? Have 5k burning a hole in my wife’s pocket


catch-10110

I was tempted on the headline market cap to NPV differential, but once I read the scoping I decided to give it a miss. It doesn’t look very attractive at all to me once I got into the details.


AureusStone

Read the scoping study and make your decision. To me it is not a buy.


throw23w55443h

3rd time down over 1k the last week. For a 50k pf i guess its not the worst, but over $1k hurts so much


cohex

You get used to it, in a similar sized position.


Church_of_FootStool

Daily movements of 2% are the worst am i right? Lucky we don't buy those penny stocks here, i hear they can be like a roller coaster ride!


Aggressive_Worker_93

DW8 holding formidably


Denominator_K

You cannot kill that which is already dead


Aggressive_Worker_93

This is the secret to a bullet proof portfolio


mo2704

I feel like Jodie Foster in the Accused


here2FuckSpiders2

Stop kicking it. It's already dead


besttesterer

rip MAY punters


rsoule878

Still sitting on a bag. Ill wait.


sneakycutler

Remind me, to calculate the (fully) franked div component of what you received you just add 30%?


bkns356

in most cases, multiply by 3 then divide by 7. so $1000 franked dividends would have 1000×3÷7=$428.57 franking credit. for a very tiny number companies, they might frank at 25% not 30%. in that case multiply by 0.25 then divide by 0.75 tldr: just check your dividend statement lol


haarp1

if you are not from AUS can you get those $420 back?


sneakycutler

Oh that worked thanks! Purpose of me doing the manual calculations was to verify I got paid correctly. What’s the mathematics behind the x 3 divide 7 rule?


lazy_bison

Franked component is 30% of the gross payout, but to calculate it from the (net) distribution you received you need to add 42.9%.


Aggravating_Set980

‘Tis a fine barn but sure tis no intelligent portfolio.


[deleted]

[удалено]


Sufficient_Guess2732

These are the dips that being the most joy


A_Anderson151

46c a kilo? Did it expire last September?


[deleted]

[удалено]


Mr_X2017

Leave it out for a week then eat some raw. Call it a cleanse diet.


Mayijoinyou

How much are you guys bleeding today? Am down 3% ....


LazerNips89

5% 😵‍💫😵‍💫


NONE_GlVEN

4.6%


plantbird

3.10% here


desperaste

Up 0.43% for now, was up 4% earlier. Fingers crossed I can somehow end green


Mayijoinyou

wow - grats and fuck u ... what u holding?


desperaste

Ended the day 2.9% up. I have a $135k position on CAU.


Mayijoinyou

nice man ... wish IHL took some notes from CAU


Several_Alarm5357

3.28% for me.


BeardFactory

I am down 14%. Why are you doing this to me AGN


Mayijoinyou

fuk, you win !


zorrtwice

Only 3%? sounds like you're too heavily invested into blue chips. Gotta be down 8% at least 'round these parts


Mayijoinyou

Don't worry I do have IHL at - 9.8% ....


litres-of-cum

Some days I genuinely just want to sell every small cap i own and live a life free from the daily anguish. One day.


Any-Juggernaut972

I sold most of my small cap dogs today! Strangely liberating.


mison82

GNX only thing keeping me afloat today ….


rhythm34

RAC very quiet lately. Any holders want to give me the tl;dr on what's going on (apart from the buy-back attempting to prop up the price around the $2 mark). About time for some study data no? At what point do you start getting nervous?


imapassenger1

Someone here is balls-deep in RAC. Not sure they can be contacted for comment.


FrankGrimesss

Friendship over with IHL


desperaste

New friendship with CAU?


l8rb8rs

I sold for a small profit. I'll be back in if it goes low again though


Calm_Lengths

According to my tea leaves, IHL looking pretty bearish in the short term. I just hope we don't see sub 20c again


scorpio_

Moving averages and Bollinger bands looking bearish but TBIM (tennis balls in mouth) indicator is steadfast at 6.0 I'm still bullish.


Calm_Lengths

If the TBIM indicator moves to 7, I'm selling the house, car & wife to back up the truck!


Neither_Pea_5305

It has done this about three times over the past couple of months, managed to make a small profit on this last run. I have no doubt it will do it again.


FrankGrimesss

yeah but wen lambo


Mayijoinyou

Lamb i/o noodles would be the first step


Neither_Pea_5305

Soon.


Sufficient_Guess2732

Was I smoking the glass didgeridoo when I bet PDN $1 by October? 0.78 -7.14%


Odd-Alternative-4341

$1 by next October? Surely can't keep trading sideways for another entire year? 😂


hhjhjkhjkl

It was a dildogeridoo mate


Church_of_FootStool

Is PEN bipolar or what?


funbagz999

I just sold at loss then, so don't worry it's going up


Thurstenburg

Your sacrifice is noted brother! ​ Witness Him!!!!


BeardFactory

It’s the sort of day that makes you want to buy high; sell low


LazerNips89

I wonder.... if this was my aim, would I be any better at it?


lionsforlambos

Really has been a prick of a year, hasnt it


cobblecreekroad

Sure has


zorrtwice

Sell everything to buy SNAS/BBOZ. That way when you finally do it the bull run starts in earnest for the rest of us.


coastie_trader

indeed. It's the gift that keeps on taking....and taking.....and taking


a380-king

VML going for a lil run! 🤣


Fandeathrickets

Vml always jogs in circles, don't worry he'll be back at grey by close


OldMateHarry

Only 3 cents to go to profit for me lmao


Tbone_85

Same! Lmfao


ChZakalwe

XJO 2% red? Holy fucking shit. I regret not buying puts.


Webpage9

flop bear 🤰🏾


coastie_trader

Fuck me imagine having bought NVX in the $12 range?


cobblecreekroad

PLS is next to go


coastie_trader

Maybe


rhythm34

Trading at a $5-6bn market cap was nuts. And not just in hindsight, it was obvious at the time.


coastie_trader

ima try for a parcel at 1.89


degenmaximus

You guys have to imagine…??


coastie_trader

lol RIP


Lethologica-

VML being green today is definitely the play of the day


ZuperElectro12

just to finish grey probably


maybethough

Outperforming bboz today, somehow


[deleted]

Fucking MAY


NoDuffTrading

Too many bot/algo trades


ChZakalwe

I know, right?


[deleted]

🥲🥲


rattled1315

ASN I still love you baby x


Ezzburr

More results next week you reckon?


rattled1315

Could drop. After the new shares are issued. No idea tbh


WowVeryJosh

Holy shit imagine if we have finally managed as a ^(mostly) collective to profit take at the top. We finally bought low and sold higher.


hhjhjkhjkl

Can you rephrase that but with rocket emojis?


kervio

Oops I didn't sell :(


tsaund1974

Tree shake… they are just trying to get your shares for a steal!


kervio

Is that what's happening? Maybe I should be trying to get everyone's shares too?


tsaund1974

I didn’t want to say it but am 🚛


kervio

I flew to aus today so I just checked in at the end, but might be time to go window shopping at least...


throw23w55443h

Oh yea, forgot about ASX Fridays.


AppleSalty2916

LKE party wrong direction


bethetrade

Any chance of an afternoon jog?


Meaty0gre

HC boomer alert! 🚨


throw23w55443h

Maybe someone here has done this... but when shares are dumping for so many days in a row, who is dumping now if they havent already? Whats the psychology behind not doing it earlier?


Massive_Button9434

It's Life ! The more you consume, they more you dump. Surely you've eaten breakfast this morning ?


AltruisticCurtains

People sell at the point that panic, terror, and fear of greater losses if they continue to hold means realising losses is okay, rather than continuing holding through uncertainty / the potential for further losses to eventuate. Others are taking profit before it goes red. Others might have rationally set an exit point that has just been hit. I'm not too phased about some temporary corrections at this point. Conviction for all stocks holds long term. It's all cyclical.


scorpio_

When the disposition effect (holding on to losses hoping they will come good) is overpowered by sheer pants-shidding terror, you sell. This moment happens to people at different points, depending on their risk tolerance and emotional state.


nohorncap

retail investor - been on holidays, been hoping something might happen, have suddenly come to realise some Great Truth about the shares they have...who knows?


--Slartibartfast--

I'm just going to ride it out. Too late to dump. It's like that age-old dilemma, do I take a dump before I get on the bus or do I risk shitting my pants to take a dump in the comfort of my own home...?


Quarkstonk

People in denial.


Webpage9

EXCLUSIVE: [sneak peek inside WHC operations](https://i.giphy.com/media/1APhDggUPlkRdK5w1n/giphy.gif) 🤰🏾


w-j1m

somone just dumped about $6.5m of shares into the line at 63c on INR edit: oops my decimal place was out, should be $.65m . i fail math big time


Webpage9

so... is this just Friday losses or are we getting a double penetration with the ghost of Thursday? 🤰🏾


Meaty0gre

🤰🏿


Webpage9

fanks for the clarification 🤰🏾


stromyoloing

ASX just follows the dow