By - AutoModerator
Well today’s the day, please be kind RBA 🤞
Got a job starting at a bank. Cant degen trade anymore. Its been a ride fellas
You dont have lunch and piss breaks? You fuckn cuck.
Sure you can. Degen trade \*out of hours\* like I do with the nasdaq.
Maybe not as much, but methinks that's a good thing, and certainly my need, because this much time in the stockmarket with nothing to show for it is getting fucking ridiculous. Nothing like a good Autist black hole to keep one amused though.
My Commsex watchlist ded
Was planning on getting some work done today but now I have to read up on this new AVA CEO.
Name reminds me of Mal Meninga (Smell my Finger) though - so I'm tentatively bullish.
AGY 🐢to touch 60c today or I’ll take 2 weeks off.
Bears r fuk
F for "Fuck off Bears!"
Positive news out from PAR. I swear I'd never touch biotech again after being burned by MSB, somehow got talked into this by a mate (he's nearly all in on it crazy fuck, compared to my 3.5% pf). Still a long way to go for this company, but they do have a phase 3 candidate.
Today my bear butt is fuk - but later this week I shall do the fuk.
Any chance the announced rate hike will be less than 50bp today?
[News circulating](https://www.wsj.com/articles/u-n-calls-on-fed-other-central-banks-to-halt-interest-rate-increases-11664809202) that a UN agency is asking CB's to pullback on rate rises to avoid recession.
Heard this a lot too. I love hearing this phrase "avoid a possible recession" when we're in one already. (Risitas laugh)
CBA had been tipping 25bps, but was an outlier
Bloomberg this morning saying 25bps is what some economists have tipped, which seems a lot like wishful thinking. There certainly is a lot of pressure on central banks to chill out.
I personally would like 35bps to sort that annoying uneven amount.
Guy named throw23w55443h finds 2.35% annoying.
Recession canceled for the 6th time this year
Biggest joke of a year,
Apocalypse soon confirmed
Is this the dead cat bounce to buy BBUS today?
IVZ, perpetually waiting for news.
They’ve started drilling so 30-60 days for the next update. Check back in November/December.
So you're saying I should sell it all?
Buy more: this is financial advice
Get him ASIC!
So. Anybody buy SNAS or BBUS yesterday?
That 16yr old $2k YOLO yesterday. Poor kid is going to lose it all 😂 a TRUE r/ASX_bets user
Last Friday. I was promised a collapse into agrarian society.
I don't know why i look at premarket, every time its wildly inaccurate but it still gets me.
r/bigasses has been made private :(
It was never that great...
What is your fucking problem
My fucking problem is that big asses Re overrated and I'm sick pretending otherwise!
Show me the good stuff then
The bottom... is not in?
They have big butts I cannot lie
Damint, was yesterday the dip to buy?
It’s all about the vibe. Knew I should have gone with my conviction and yoloed LNAS yesterday 😔
Wait, weaker than expected twd manufacturing data?
Always buy dip for your tendies
US stocks up + 2%, interest rates priced in, fire up those 🚀🚀🚀🚀🚀
Futures are disgustinnglyyy green. I don’t know if anything makes a difference at all anymore.
Who FOMO'd SNAS yesterday and is eating boiled mince and cabbage for the rest of the month?
Cabbage is expensive bro
Not if you get it out of the bin while you're looking for the mince.
Can someone please update me on AGE? I’ve offline a bit and haven’t kept track.
it went up, it went down
Looks like I might not be getting banned. Ironic as I thought Monday was closed with the “green Tuesday” bet. And Monday was a right old cunt. 🚀🌝
Strap on day today.
Strap on to the rocketship or it leaves without you.
Big call in an interest rate rise day
Rockship might be cancelled after launch, trust in the parachute.
Wooohoo enjoy the greeen today! S&P +2.95% and NDQ + 2.59%. Too bad that our green day is on the same day as interest hike news, fml.
Looks like with the start of a new fiscal year they're ready to be hurt again.
Stocks only ever go up, right?!
We got till 2:30pm until RBA news release around the rates hike.
Priced in surely?
It surely was! What a rally!
Holy us greeeeen
S&Pee up %1.
I look forward to finding out it closed red when I wake up 🤰🏾
My pee pee is up 82%, need my girl to get busy or IVZ to hit gas to get the required blood flow for the remaining 18%
Big green dildos everywhere tonight. Gonna have some sweet dreams
Phew, looks like I capitulated just in time
Always Ryan, always.
WARNING WARNING WARNING IF YOU OWN RRL GOOD LUCK. NEW CFO APPOINTMENT, HE USED TO WORK AT WMC FOR 5 YEARS. GUESS WHERE WMC ARE NOW...
IN VOLUNTARY ADMINISTRATION !
I OWN AND I WONT SELL BECAUSE IM AN IDIOT BUT SAVE YOURSELF. GG RRL
Either a BOOMER or deaf?
WHAT DID YOU SAY ?
Damn the DJI just pinged out of the starting blocks like a flash, up 1.3% in a couple of minutes.
Can't wait till it shits itself, ends red, and then we get fucked over on our opening.
Buying VML and IXR I want to be part of the cool club. We can lose it all together.
One of us, one of us 🚀
Buy orders are in booooys!
US gonna open very green. Thank god we hit the bottom and its only green days from here. Phewww
Hopefully the US sees some green tonight and MAY say, “Guess what, we’ve got oil” tomorrow.
/me wondering that market opportunities the mini-budget might serve up in a few weeks.
I think they want to stick to known commitments, but i guess they will try and sneak one or two important 'cost saving' spending in there.
Im guessing health or housing.
If Albo goes for a mining tax first term I'd be pretty shocked. Surely still has some of K-Rudd's scars
Yeah, probably housing is too hard. I think there are known plans about shared equity schemes. I can't remember though...
Treasurer has been making noises (since before election) about foreign multinationals being the only target for tax increases.
We have seen the ATO cracked down on transfer prices, and gas companies having to start paying tax now., not sure if that's what he was referring to, or he has been preparing the ground for something more general.
ATO has invalidated about $40b of interest payments from tax deductions incorrectly used in transfer pricing. So transfer pricing fix isnt insignificant.
But now im thinking they will plan to implement the 'global minimum corporate tax rate of 15 per cent', which the story talks about.
Its pushed by OECD, with Mathias Cormann leading it, he would have good access to and influence to treasury in Australia to do the numbers.
Besides coal, has anyone made a multi bagger in 2022?
I still do the *what the hell* over the million from ASN:
[10 bagger from ASN too. ](https://reddit.com/r/ASX_Bets/comments/x8usr7/my_first_10_bagger_asn/)
OCN went well for me after I picked it up for PURGE
I’m 15 bags on CAU, but I’ll get downvoted for mentioning it.
Lots of people on PLS
I found a speccie on the market LAM. Market Cap 720k
ASX Bets could pull together and buy it, lose all our money in the traditional way - running a business into the ground.
Mate, that’s not their market cap. You’re only off by about 166x. Fucking not even close haha.
You need to do some more reading! You can’t always trust the commsec market cap - particularly when it’s a CDI like LAM.
It’s primary listing is on the TSX, and it’s market cap is ~$100M (USD).
Hot tip - the market cap listed on Haute Crapper is usually more accurate (one thing it’s actually good for).
Haha fuckin ey, i mean not doing due diligence is right on point i guess.
Just want GMN to find something...
US is going to open green at this stage. 👌🏽
Just found some news about Quebec Precious Metals (Kipawa and Zeus previous owner) letting the Environmental Impact Assessment lapse28/8. Even though apparently VML/ Cheetah bought the tenement off them, they apparently still had to lodge the documents with the Canadian Federal Government.
If there are any legal eagles here who would like to have a read of this mind fuck, here it is.
Btw, previous management coincidentally sacked on 30/8…..
< $150 k deposit which they might get back >
Sorry for not being stock related but after watching both the crown season 3 and last weeks House of the Dragon I’ve become very anti-changing-actors-because-the-character-is-older. Just suck it up and slap some old people make-up on them, it’s so jarring having new actors try to copy mannerisms
Controversial, but I’ve been preferring the Lord of the Rings show over house if dragon
Hey. Ive been meaning to watch that Game of Thrones spinoff. Is it any good?
Not as good as early Game of Thrones, not as bad as late Game of Thrones. If you wanted to dip a toe back in for some political intrigue fantasy I’d recommend it
That latest ep was the best of the season (ep 7)
Political intrigue history? 🤢
It doesn't work for House of dragons as there is likely another 10 year time jump so having a 20 year old play a 40 year character is now really feasible.
Morgan Stanley put out a $9.59 (lol) price target on SFR, nice to see I have some fellow big bois joining me in bagholding solidarity 🤡
Seems my decision to take profits on PLS at $4.90 (not because of anything negative about PLS, just because of the shaky market in general) might have turned out to be a decent one in the short term... kind of wishing I did the same on DRE at 14c to lock in max profits but we shall see, shan't we laddies?
Also chucked a fair bit of cash from the bank into the USD ETF about a month ago which has done alright considering how boring it is so far
small holder of SFR, may build something larger
Yeah the sandfire is on my watchlist
Wow you sold PLS at the top?! 🔮
the temporary top, I believe PLS should be worth a lot more but have zero faith in the amount of liquidity in the market to support it
That’s some guru Shit right there
Indonesia was a real wake up call. What an amazing trip. Talked to locals that could hardly speak to me but had grins across their faces wider than I’d seen in a long time. Stayed out of town as far as I could get and observed how beautifully rich the Balinese culture is. So many genuine souls that have so little material items but such big hearts. How can it be that they earn $10 a day and are happier than I am getting $60 (overtime) an hour?
I don’t know why I’m writing all this shit but I just miss the days of seeing people hitchhiking across the country.. people willing to have a yarn while looking you in the eyes and not being scared to talk to someone new. The world is very sick at the moment (economically and health wise). But it can get better. There is a way. Theres got to be. We didn’t survive 200,000 years to make sure we’re working 18h days, so that big Smitho can buy his 13th house.
As difficult as it may seem, I really hope we’re able to look past the money and look at what’s really important. I’m still trying to figure out what that is but fuck me a couple of months on Lombok without a phone is looking pretty damn tempting.
TLDR all my investments have shit the bed and I had to vent. Existential crisis? Too many beers? Not enough beers? I don’t even know
Living the dream. Very jelly 😊
What's the return trip cost and accomodation/travel in total? Sounds amazing.
Flights from Melbourne return $600
I didn’t cook a single meal, activities almost every day (white water rafting, surfing, snorkelling, scooters etc) and drank delicious cocktails whenever I got a chance, for about $100 a day (including accommodations). That was proper living it up too 👍
I've often thought about retiring early and moving to South East Asia somewhere.
Not keen on somewhere like Pattaya or Angeles City as have zero interest in spending my days getting pissed and banging hookers half my age, but somewhere with a chilled out vibe, expat community and decent cheap food would be awesome.
Hookers probably have STDs. But we know youre a gambler and there’s probably a better chance of you _not_ contracting anything than LKE being a duster piece of shit.
Aaaah this bought a smile to my face , happy for you mate , I sniff the post indo afterglow ! or for that matter .. post travel self reflection and asking the big questions about life xx
You’ll never stop the big smitho’s of the world buying they’re 13th house but you’ll ensure you don’t turn into big smitho … keep that travel bug alive bro 🤙🏽
That’s it! Was actually that sick over there hey.. keen as to explore more! chur bro 👊
Fkn luv it
Yes,we have fucked up everything and it's going to come back and bite us on the arse.
Keep hold of what you felt, you will buying the big Australian and apologising for Dutton soon enough.
If only we could eat properties.. gobble gobble gobble there would be some fat bush chooks kicking around
I’m just going to do 2x 20h shifts from now on and then take the rest of the week off
That was another fuck up, turning shelter into a massive money making industry. Now people working 40h live in cars and sheds
Kick arse, and we’ll said destroyer. Glad you had a good trip 👍
Can sya just smack 80c already n stop playing 🎴
It may not hit 80c next month, but I feel like it’s poised to get to 50c by 3rd quarter.
I would take a 4 bagger right now, hotcoppers told me it was a $1 stock already but market manipulators ruined it.
I’d be happy with stability over 40c at this stage!
I want to buy a fucking mustang can we pump something ffs
>can we pump something ffs
A moth just landed on my wine glass and made a ding sound. Never had that happen before. Not sure if I should be bullish or bearish on that. Good luck everyone in this confusing market.
its a sign.
moths that go DING have their boots on.
boots on? boots on the ground.
boots on the ground= bull market
thanks for the heads up.
Thats a _known signature_ of an impending bull market.
fWIW I was watching a vid about IXR just before so 🤷♂️
Bullish on lead/crystal glass...Oh and IXR too.
Lol, gross! It looked at me (I think) and then boosted off before I could do anything about it
Takes practice !
I saw my mate have a cone that was a fly covered with a layer of weed and tobacco and It didn’t go down well but he was ok until we explained it then he was pissed off
From my experience flies are not psychoactive, unlike moths.
Oh, no shit I didn’t realise that about moths! noted, thank you megadrive! Still don’t know if I would/could do it but worth knowing 👊
Oil up 4% 👀
Vaseline futures ..
Another day, another -3%
If it wasn’t for the low volume, I would be more concerned. Or is that just hopimum.
Am I the only one whose mind says "for fucks sake" whenever the FFX ticker appears ?
It's kind of a mix of dyslexia and palovs theory in one hit.
Every time I see it, every time ffx !
No , I also do this
Today I Learned that there are no “Inverse ETFs” on the ASX. Only Short Funds. 🤔
Is that why BBOz is always so shit.
Anyone else just super bored with the market these days?
Bring back the great bull run of 2021… been a while since I’ve seen a rocket ship!
Ixr and exr will break sky in the next bull run.
Rent asunder the cosmos. IXR specifically.
More likely break wind...
Because they rocket too fast that they break the sound barrier.
>More likely break wind...
Reddit has folded the pinned posts into one majiggy and it has triggered me hard.
At least on the Reddit Android app pinned posts are collapsed, so when you open up the subreddit it looks like the daily thread is missing. You need to expand the pinned section to see it.
Not sure why they changed it subreddits can only pin two posts at a time so not like it saves a lot of room.
You see where your problem is right? 😏
I’m playing both sides, so that I always come out on top.
Sent from my iPad 🏽
Fuck Apple, Android4life.
I know you play both sides, but how about in the markets?
definitely bamboozled me a few times today
Damn SNAS is +93% YTD
What will get EXR moving the mutt
Next bull market. Be patient
Day 165 of waiting for AZL to get BLM approval. This is just sadness now
What about now?
Yes even more
Tell me where it hurts.
Perineum is cooked
Hello darkness my old friend
>Hello darkness my old friend
So MAY gonna find that oil?
MAY and ROG are the same thing. They don’t love you, they only want your money.
If only they had been able\willing to do a proper flow test on at least the top sheet of the oil they've already found, to get it classified as a reserve, before doing this, then we could have been in the happy position of not being too much affected by Zapato.
It's bonus oil provided the existing discovery is proven commercial (which seems very, very, likely but this is coming from the perspective of the blind being led by the blind).
But because it's not proven commercial yet, the price is (not entirely unreasonably) depressed and now if Zapato is just ghosts and dust then the fucking thing will crater until they finally test and prove at least one of the three sections in the Alameda-1 stack.
It's going to be a depressingly long wait, and a *lot* of cunts waiting for the exit as well. Bah.
I'd been hoping for enough of a pump if Zapato hits to be able to get halfway out, but shit has fallen so far that I no longer think that's going to be good enough - have to wait for well testing and thus risk it all or else de-risk at a huge loss (which is stretching the definition of de-risking, ffs). ***Quicksand***
As usual, the lesson here was "when all the fucking directors off-load a substantial chunk, **do the same,** ***you absolute piss-gargling spastic!***"
Edit: I appear to have been granted *1 Krang*. Vicious sarcasm or not, I love it either way.
nice theme there for oil gambles,. Its like that kind of trap.
Mm yes, I can picture it. Sand and oil.
Turns out the comics and cartoons were right all along! Quicksand *is* an adult problem!
If they hit oil at Zapato and both wells are commercial nothing is going to matter. It’s already the biggest onshore discovery of 2021 and 2022, people looking to exit or not is irrelevant. This stock trades 100-200 mil a day on decent news it will flush out anyone looking to break even or make a quick dollar. People need to do some research of the significance of what has already been found and have some faith. A -4% drop is nothing and it’s all irrelevant in the next 6 months.
> A-4% drop is nothing
Yeah, 4% is nothing. In particular, it's nothing in comparison to how far its fallen over the last handful of months, which is the background to my comment. I don't think that you really think that I was only talking about *today's* performance.
Of course there's money to be had if the best case scenario where everything comes up commercial - if I didn't think it was a possibility that at least one of the Alameda-1 sections will prove good then I wouldn't be sticking around. It's a *possibility* - and a good one far as *I* know.
But I don't think faith has any part to play in it, and if it were a guaranteed win then you'd want to expect zero or minimal selling from the directors, as opposed to the fairly chunky sales that actually took place. I imagine *they* have done some research, and more importantly, had and have far more solid ideas about the future plans of the company and the timeframes involved than any of us suckers, and they all made the call to offload a proportion at that point, which in hindsight would so far have been a beneficial move for anyone following their lead.
I also can't agree that having a lot of people keen to sell is a factor without any influence on the price of a stock.
Mr Cat. Patience. I hate patience but its needed with MAY. Hope they get some shit sorted this week with Zapato but doubt it. This one goes all the way to full depth.
Way it looks to me is a long hold but I have no issues with future SP value when they are pumping oil.
Yeah, it's definitely a long hold and I also agree that *if* they pump oil then it will be profitable for me.
My points were that:
-it's only the regrettable *order of* events and the pace of them that has made the price so exposed to the success or otherwise of Zapato, when flow testing before Zapato (or alongside, or before *now*) would have allowed for a higher price and a more resilient one - this is a position we didn't need to be in - and,
-selling when the directors sold would have been a good move. Which is why they did it.
Of course I'll wait, I have no choice.
Tbf directors selling some shares could have a number of reasons
Yeah, it could, absolutely. I obviously have my own ideas about why, and of course, anyone in a position of having advantageous knowledge would be a fool to sell without some plausible cover, but reason could be whatever just as easily.
I'm just saying that, once again, it turns out to be a case of the common wisdom being on the money, that is "sell when people in a position to be in the know are selling, and you'll mostly be on the right side of things".
If anything much is commercial it will be fine, I'm not out of hope by a long shot, I'm just kicking myself for having not read the situation correctly.