ASX/NZX Thread

[Anonymous No.1094252]

Seeings as the other thread.

Looks like meats back on the menu today. Have put in a buy order on BHP as they jumped 10% on the LSE.

What are your plays? How is 88E brah?

[Anonymous No.1094911]

88E up 162% sold at 0.17 now at $0.042.

[Anonymous No.1094917]

>>1094911

yep, should have had faith

easiest 4k ive made, not selling anytime soon

[Anonymous No.1094919]

No clue how this happened but it's pretty nice

[Anonymous No.1094923]

also FAR is set to be a big one in april if anyone wants to take a punt

[Anonymous No.1094925]

>>1094917
Fuck yeah man! Those are some nice figures. You planning to hold?

[Anonymous No.1094937]

>>1094925

Alot of hype but truthfully i think its going to go up ALOT more over the year. I think its a good buy due to the ceos confiedence and retarded potential market cap it can reach (1 billion is an estimate, its 25 million now). I'd wait till friday if people want to jump in to avoid the hype. 5cps on lse now

[Anonymous No.1095424]

>>1094911
>>1094917

4chan is for over 18s only

[Anonymous No.1095561]

>>1095424

soz should be an old man and just buy vanguard meme index funds.

[Anonymous No.1095963]

A2M up almost 9.65% today. I think they post results tomorrow?

[Anonymous No.1096161]

Thoughts on PDN?

[Anonymous No.1096184]

>>1096161
What the fuck made their increase 1000x between2004 and 2007, and why the hell would it happen a second time?

[Anonymous No.1096284]

Noob here

What is the best online broker to use for ASX?

[Anonymous No.1096301]

>>1096284

I use CommSec and it's pretty good, really nice mobile app

>>1095963

fuck they're still going up

[Anonymous No.1096305]

Lots of shit bounced today, some with no announcements (see Mesoblast). Market's being weird as fuck.

[Anonymous No.1096316]

>>1096305
Mesoblast has an announcement

[Anonymous No.1096325]

>>1096316
You sir, are correct. I got mixed up with WorleyParsons who doesn't, and also bounced like crazy. My bad.

[Anonymous No.1096342]

What do you guys buy? I didnt even think ASX/NZX had anything worthwhile buying, what are hot?

[Anonymous No.1096347]

>>1096342

off the top of my head (mainly spec resources)

88E: trading alot higher on the lse compared to asx so you might be able to make some quick dollars on that over the week

FAR: big time african oil, releasing results around april/may. volatile, can also make some quick gains there

AOP: gold speculators in africa who just announced nice gold shows in their mine. price has gone up as a result but i can imagine alot of growth for them

[Anonymous No.1096354]

>>1096342
>>1096347

MTA: aussie company in africa prospecting a shitload of graphite. in angola so cheap to extract - risky but i'd probably throw 500 or so in for fun

AJX: makes materials for fireproofing (clothing, furniture). on the dip atm but they are established and look very promising. listed recently on the NYSE

A2M: ayy lmao chinese love aussie milk

[Anonymous No.1096355]

>>1096347
>>1096354
I see thanks for this, is this thread mainly for day trading speculators or long term fundamentalists? would like to ask a few questions if the latter

[Anonymous No.1096358]

>>1096355

i dont day trade. my window is mainly 3-6 months but if its promising then ill stay for longer

[Anonymous No.1096361]

>>1096358
Okay, good enough I suppose.

This maybe a silly question but how do you form your decision on an okay price to buy a stock? How do you know if its overpriced?

Or do you base your decisions off the direction its supposed to head not the actual fundamentals lying behind the companies balance sheets and such

[Anonymous No.1096364]

>>1096361
OFX. Long. But then again, I've told everyone in these threads over and over I bought OFX.

[Anonymous No.1096370]

>>1096364
I just searched OFX, its a Foreign exchange stock? How does their business work?

[Anonymous No.1096379]

>the idiots piling back into STO/BHP/ORG/FMG

[Anonymous No.1096381]

>>1096354
>>1096364
>>1096379

General question, how do you guys even find stocks? Do you literally just browse random companies or indexes like warren buffet?

[Anonymous No.1096384]

>>1096379
Also, why is investing back into Metal/Energy bad atm?

[Anonymous No.1096386]

>>1096381

Read the business section if your parents still buy newspapers.

Online brokers have refined search engines as well

Or you can look at whole indexes, eg:

http://www.marketindex.com.au/asx300

[Anonymous No.1096389]

>>1096386
Just a thought but, isnt it kinda meaningless to browse random fields that you dont know (assuming you dont have a job in that field so you dont know well), like if I just start browsing the energy sector, how would I know what to do/buy since I know nothing about that field, wouldn't you need to be basically working in that industry to give insight on what to buy there

[Anonymous No.1096391]

>>1096384

The down cycle has only begun.

People investing in BHP for instance may not have fathomed that it could trawl around in the $10–15 range for a decade or more. Just like it never went sub-$25 during the resources boom.

Companies like Fortescue and Santos are too high-cost. They're sitting ducks.

[Anonymous No.1096392]

>>1096361

this is mostly risky resource advice. if you're into dividends and blue chips then its very different

I usually read the investor presentations to get an idea of the objectives, costs, management experience, cash on hand and timeframe (VERY IMPORTANT).

then i look up the market for the resource in question. as an example:

>Zinc

looks like total shit at the moment so shares on companies that mine that will be low on share price and may dip, but if it rallies later in the year you will probably make a profit (hint: look at stock levels on the london metal exchange for resources to get an idea where this is going to go - supply is falling rapidly which means price is going up)

>Oil

people are 50/50 where its going to go. OPEC could assemble and cut production but Iran is in the market now so they have less influence on prices. gamble away!

>Gold

gonna be good year. this is your least risky bet


if you know the market though and can pick a business you think will profit, go for it.

>>1096381

hotcopper.com.au look at most discussed.

[Anonymous No.1096395]

>>1096392
I see, thanks.

In the case of gold and oil though, do I just buy oil/gold ETF's (if so do the variance of ETF's matter?) and when you say price of 'gold' you actually mean gold 'mining' companies right? just want to clarify

[Anonymous No.1096396]

>>1096389

I don't have any industry knowledge in sectors. But that's not the same as knowing which sectors are more likely to have a future than others, which ones tend to features companies with stable revenues and earnings and which don't, and which sectors are popular with the market as opposed to neglected by it

[Anonymous No.1096400]

>>1096395

i don't do ETF'S, I just buy shares in companies in that industry. It has a weird effect, the price of oil was swinging 88E on a daily basis even though it's 1-2 years from production

[Anonymous No.1096401]

>>1096392
>hotcopper.com.au look at most discussed.

The Internet's bet barometer of securities to avoid

[Anonymous No.1096403]

>>1096401

works for me, just need to avoid all the ramping chat and look at the announcements

[Anonymous No.1096406]

If anyone wants some top keks on Hotcopper, check out Cudeco's page (CDU). Feast your eyes on the most poorly run company ever to make the ASX200. Domiciled in the Gold Coast of course.

[Anonymous No.1096419]

>>1096406
I bet LYC is close to being as shit. Fucking turd machine of a company

[Anonymous No.1096422]

>>1096370
It's a foreign exchange business with a dividend yield, very little debt and high aspirations. I like what it could do - the share price also took a hammering recently because they told Western Union to fuck off and not waste their time with non-binding take over proposals (which were pitched at $350-$3.70). Share price has never been under $2.00 until the recent fall. Directors are all buying on market in the last few days and stocking up. Good signs to me

[Anonymous No.1096681]

what is the average age of hotcopper posters? they talk about mortgages and the missus alot but write like 12 year olds and constantly get into flamewars over predictions

[Anonymous No.1096922]

>>1096681

95pc of the membership is speculators, which is to be expected when the site is set up the way it is. In amongst all their noise some intelligent investors can be found: pioupiou's posts on Thorn Group for example.

I would actually recommend people with no share market experience stay well clear of HC.

[Anonymous No.1097126]

All aboard A2M, BLK and BAL today.

[Anonymous No.1097133]

>>1096364
All hands on deck longing the fuck out of OFX at this price.

>>1096370
Also important is that with these high aspirations, they already have the legal stuff and some bank relationships formed internationally. This is important because that's often a hurdle for growing financial firms, especially fx because of money laundering and all that shit.

They also have a few novel tricks on optimising the way they bundle their overnight trades, but I'm not the guy to ask about that.

[Anonymous No.1097137]

>>1096391
Fortescue could be the one that makes it if they clamp down, liquidate just enough and get their debt down. I've always thought their management was good enough (but what do I know?), just high debt.

Purchased at the right time during the coming slow down they could come out of it still holding some good assets and make a bit of money for whoever paid the right price.

But then again my general thoughts is to stay away from resources unless you know you're more than 50% gambling.

[Anonymous No.1097152]

Guys thoughts on Mesoblast? I think I'm going to cut my loses on STO. My Oil play wont work out unless oil prices go very north again and I dont think I'm prepared to go that long on a company that "could" fail due to that amount of debt.

[Anonymous No.1097196]

>>1096354
>AJX: makes materials for fireproofing (clothing, furniture). on the dip atm but they are established and look very promising. listed recently on the NYSE

AJX haven't listed yet they're waiting for the "right" timing which is god knows when in this market.

[Anonymous No.1097577]

Hello

I'm on neetbux and I am getting roughly $1,500 at the beginning of March. I'm a FT student and I get $440 a fortnight from centrelink and I make roughly $200 on weekends cash in hand.

Is there much I can do with this or is it not enough to get started? Not looking for quick profits but I would like to see my money grow throughout the year. I've been doing some research but there is a hell of a lot to take in so I'm just after some early guidance.

I know I won't be a millionaire by 2017 with only $1,500 but I want to put it to good use before I blow it all on piss and durries.

tl;dr

> $1,500 in March
> What should I do with it

[Anonymous No.1097610]

>>1097577
>neetbux
>FT student
>makes $200 on weekends

kys, scum

[Anonymous No.1097613]

Lmao 88e just dropped to 2.3c from almost 4.4c high. Lost $3000 by not selling ahhhhh

[Anonymous No.1097615]

>>1097577
First tell me how the fuck you got neet bux in Straya, doesnt this cause troubles with uni and possible future jobs etc?

Can this also stack with student allowance?
$140/ week + $440/2wk = $720/2weeks

which is fucking insane.

[Anonymous No.1097619]

>>1097615

I got 220 a week from being 23 and studying. Rental assistance can add another 40 per week. Then i worked a supermarket job for a few hours a week cash in hand and i was pulling in more money than my full time friends, lol

[Anonymous No.1097632]

>>1097619
WTF how, does this work for New Zealand?
pls spill the autism secrets I want free money

[Anonymous No.1097635]

>>1097610

Yeah I definitely shouldn't have said NEETbux given one of the Es is "education".

It's youth allowance for a full time student studying at least 75% of a full time load (4 subs per semester).

>>1097615

$440/2wk is the maximum for my payment scheme. You can maybe squeeze a bit more out of the gubmint if you have certain living conditions or if you're a carer for instance.


But that doesn't tell me what I should do with $1,500 in March.

[Anonymous No.1097638]

>>1097577

No fuck off and stop being leach scum. Save your money and invest it in yourself first.

Come back when you've got a real job.

[Anonymous No.1097642]

>>1097638

I have one lined up in May so I'm going to ride the free money train for a few more months.

Thanks for paying your taxes :^)

[Anonymous No.1097664]

>>1097635
My honest opinion is putting those payments towards an ETF every month, if you know the power of compounded interest with monthly additions you can be a very rich man.

>$440/2wk
So what is this exactly? You said youthe allowance but In NZ I only barely get 1/4 of that

Youth allowance (Aus) == Student Allowance NZ?

pls expand on this im confused now

[Anonymous No.1097668]

>>1097152

It's either a multi billion dollar company or it's a corporate shell with no funding and barely enough income to pay its staff let alone fund serious R&D. Hence the massive price volatility over the last few years.

I'm still invested in the company because I see a properly funded firm (long term clinical and sales partnerships) that's been making moves for the long term, eg. the NASDAQ listing.

As a potential buyer you have to be aware that getting a therapy to market can take decades. The company will not have some positive news to hand in cases where market sentiment wanes - their trials and other research runs to its own timetable.

[Anonymous No.1097674]

>>1097664

Have a look at this: https://www.humanservices.gov.au/customer/services/centrelink/youth-allowance

Youth allowance is for job seekers, people on apprenticeships, and full time students between the ages of 16 and 24.

"Youth Allowace" is pretty much for white people under 24 and it changes a lot depending on your circumstances. (Abos use something different and usually get more)

[Anonymous No.1097681]

>>1097674
>Single, with no children, 18 years or older and required to live away from parental home
>$433.20

Wow. Whats stopping me from registering where I live somewhere else and reaping these benefits in NZ?

[Anonymous No.1097684]

>>1097681

I still live in a parental home but I said I pay board at $75 a week. That's probably why my payment is $440.

Do you have the same thing in NZ? You need to show proof of residence here. Rates notice, recent bills etc.

[Anonymous No.1097687]

>>1097684
>I still live in a parental home but I said I pay board at $75 a week
Fuck wow, ok im onto this senpai, looking though study link right now. Can't believe I missed out on 1 year potential opportunity of free money. holy fuck.

[Anonymous No.1097695]

>>1097613
Yeah I was a little shitty last night as I sold at 0.017 and there were buy orders for 0.50. Guess I'm happy I got out with my 10%

[Anonymous No.1097707]

>>1097687

There's a lot of shit I missed out on too. Have fun

[Anonymous No.1097716]

>>1097707
Last question man, did you have to put a 'referee' or something like that that they confirm your boarding with your parents?

I did a bit of digging around and it looks like http://www.studylink.govt.nz/documents/forms/independent-circumstances-allowance-application.pdf is the NZ equivalent application for claiming you rent and getting free monis.

Is this application somewhat similar to what you filled out?

[Anonymous No.1097726]

>>1097716


It seems your application requires a bit more information than mine did. I didn't have a separate form to fill out either. There was a section on residence/living arrangements where I said I was living at X address with parent paying $75 a week.

I've just checked my statement and pic related is what I get paid. There's no mention of rent assistance or anything like that (which is a separate payment). So perhaps my living conditions allowed me to receive the maximum youth allowance possible?

[Anonymous No.1097786]

Interesting day today.

Someone explain to me why Telstra is copping it in the arse in this market? I don't understand.

[Anonymous No.1097789]

Any NZer's on here playing with P2P?

Actually makes sense here due to the high rates.

I'm averaging 13% return with Harmoney (unsecured) and 9% (secured) with Squirrel Money.

Once you've put in the first $500 with Harmoney you can then invest in as a little as $25 at a time. Seems like a good NEET investment.

[Anonymous No.1097797]

>>1097789
until one day no one pays you back and all your unrealized losses become very real

[Anonymous No.1097809]

>>1094917
>not selling anytime soon

Hope you did m8.

[Anonymous No.1097887]

>>1097809

yeah I didn't know how to react to that insane spike. next time i'll know it's overshot

if you look at london they're trading at 2.7-2.8 average. it's 2.2c on the ASX. no idea why theres such a big difference between the 2 listings...


jumping on the spec train tomorrow with AOP who's joining me

[Anonymous No.1097899]

>>1097887
>jumping on the spec train tomorrow with AOP who's joining me

Why not

[Anonymous No.1098822]

>>1097899

i got in $1000 at 8.5cps

400% growth over the past year and more news in the coming weeks

[Anonymous No.1098911]

>>1097887
>>1097899
>>1098822

what so you can lose more money?

I'm still waiting on the fucking comsec settlement for my 10% on 88E. Settlement was yesterday.

[Anonymous No.1099184]

Why are people resource speccing when there's so much value to be had? I don't get it.

[Anonymous No.1099199]

>>1098911

this pic never fails to make me laugh

[Anonymous No.1099230]

>>1099184

Because its all get rich quick. Hardcore gambling stuff.

There is so many cheap great buys right now.

[Anonymous No.1099950]

What speculative stocks are you boys having a gamble with today?

Recommended holdings?

[Anonymous No.1100261]

BAL reporting today. Was almost 20% down on opening on record results.

Looks like its just going to be one of those days oil prices when down every body profit take days.

[Anonymous No.1100662]

>>1098822
I've only got $500 in at 8.5 cents this morning.

Jumped up 10% today. Looks promising but I wish I had more invested now.

[Anonymous No.1100835]

>>1100662

I actually jumped in for a short term gain but I looked through the presentation and it looks pretty promising if you plan on holding it longer.

There's going to be a news announcement in the next few weeks so hang on if you wanna risk it.

[Anonymous No.1100837]

>>1099950

FAR is having a big announcement next week sometime and there's alot of hype. Jump on that if you dare. I think it will be a success since they've been "testing" for at least a week, but I'm not confident enough to invest directly.

[Anonymous No.1101069]

>>1100835
Yeah I'll risk it. I have a good feeling about the news they'll bring out.

It's only $500 anyway.

[Anonymous No.1101855]

Bumpity bump bump, I'm not letting this thread die we've got a good lot of posts.

Still thinking the banks look cheap, still thinking that there's reasonable divvie stocks out there.

Speaking of, anyone subscribe to Motley Fool or Fat Prophets? They spam the Christ out of me.

[Anonymous No.1101903]

>>1101855
>motley fool
their business model is to spam you until you cave and pay for their shit

their dividend investor stuff sounds interesting if one has plenty of money to put in

[Anonymous No.1101933]

>>1101855

Maybe NAB, wouldn't touch ANZ with a 10 foot pole. Combank has a way to go down. I would stay away from financials for a little while.

[Anonymous No.1103346]

keeping this alive for monday

[Anonymous No.1103448]

>>1101933

I had a look at ANZ's financial data recently, comparing earnings per share with cashflow per share in particular.

They could reduce their dividend by half and still provide a better yield than interest on cash. Given that the share price is largely a function of its dividend quality, it would no doubt depreciate in response to a cut, but that's just a buying opportunity.

The main reason I don't hold ANZ directly is because I already have them through my super.

[Anonymous No.1103451]

>>1103448

EPS with divs per share*

[Anonymous No.1103674]

>>1101903

I signed up for the intelligent investor a few years ago when I was a noob and the guy called me up in the morning several times trying to get me to pay, lol

[Anonymous No.1103780]

bump

[Anonymous No.1103789]

Bought Arrium friday, given that government support is likely if in the case it occurs how much of a bounce should we see?

[Anonymous No.1103811]

10 hours until the flood gates open

[Anonymous No.1103873]

Gonna buy some banks this week anons. WPC is looking the most likely.

[Anonymous No.1103875]

>>1103789
None. Another shitty spec resource play

[Anonymous No.1103911]

>>1096184
Finding resources and opening a mine in the biggest commodity bull run of the modern world

Punting on junior miners can be very profitable. FMG is another example.

[Anonymous No.1103945]

>>1101855
I think their paid content is good if you have a few hundred to spare and have almost no idea about investing (at least initially). I would pass on it and read a few value investing books or other sources otherwise.

>>1101903
>Plenty of money
It's $199 for 1 year at the full rate, but if you sign up to their shilling emails or you're already a member you can get up to two years for $99 (at least i could).

The paid content is 100x better than their front page content - literally anyone can apply to submit articles to the front page and they are all filled with marketing junk.

[Anonymous No.1104773]

who here /SGHhypetrain/?

thinking of jumping on board

[Anonymous No.1104872]

>>1104773

no one, I'm not jumping on resource specs too. You guys are pretty much problem gamblers with your RED/BLACK way of investing.

I'm kinda looking to buy back into CZZ. The company is by far the largest player in the domestic honey market and is exporting to China in record volumes. They've also made large steps towards taking the Manuka honey market by the hrorns and for any of you with a knowledge of honey its pretty much liquid gold.

Also been eye simon hackett's RFX which is a solar/battery producer. They've made some great gains this year and if they keep doing well they'll probably be picked up by origin etc for providing batteries for small scale solar in the home. Tesla's power wall is just too expensive here and there's just way too much hype about the product.

My last is getting into a Lithium miner like ORE. I just need more capital without touching my Savings.

[Anonymous No.1104945]

When will GEM get going again? I bought at $3.90 a year ago and want out

[Anonymous No.1105126]

>>1103789

You are a dumbarse. That company is not even fit for speculation let alone investment. Literally #basketcase

[Anonymous No.1105180]

>>1104945

>Investing with the herd

[Anonymous No.1105208]

>>1105180
Yeah, I was a bit naive putting too much faith in a recommendation, but I bought when the NZD had parity so even just a little jump, and I can break even

I bought Mesoblast today hoping there's more of a reaction to today's positive news

[Anonymous No.1105247]

>>1105208
Meso could be a dream come true..

[Anonymous No.1105252]

>>1105208

You don't have the patience for a R&D company like Mesoblast if you're getting antsy over a company like G8

[Anonymous No.1105270]

>>1104773
I've said this a million times on these threads, investing in a professional services firm that relies upon WIP conversion to cash, on speculative cases they can lose is fucking madness unless you're actually a part of the business. Good luck bruh, it dropped like a lead turd for a reason.

[Anonymous No.1105273]

>>1105247
No Dividends is a dirty sign for me.

No interest thanks.

[Anonymous No.1105346]

>>1103789

sell now

[Anonymous No.1105462]

>>1105273
Dividends at the losses they're making? That'd be totally irresponsible.

[Anonymous No.1106434]

For all you spec faggots check out PLS
Looks like its going to be a very good 6-12 months based on their exploration of the pilbra for lithium.

[Anonymous No.1106881]

>>1096161
I bought PDN a while ago - its doing fucking shit but i'll hold for a long time.

The reason it killed it was their massage stores of uranium intially but then japan happened and there was an oversuply of U due to everyone freaking out and prices dropped.

[Anonymous No.1106984]

What about BHP now that they've cut their dividend? It might be enough to make them profitable again.

[Anonymous No.1106994]

88E back on the bounce. this share is the shit

[Anonymous No.1106995]

Who /OOO/ here?

Also thinking of getting onto SEA through NAB trade.
Gotta get on the phone and complain the 20 free trades coupon I used didn't work.

[Anonymous No.1107044]

>>1106994

hmm yes regretting selling at 0.017 if I held and sold now I would doubled my money. Dont tempt me again.

[Anonymous No.1107059]

>>1107044
Don't worry, as long as you have patience, there will always be another opportunity on the ASX.

On another note, were any of you goys around for the few days of trading between Christmas and new-years? That shit was crazy.

[Anonymous No.1107120]

Can someone please tell me why Telstra is getting the arse fucked out of it? Divvies have been announced, buy now and get at least a 3% rebate. I don't understand lads, what the fuck?

[Anonymous No.1107376]

Do other countries not have stock threads?

[Anonymous No.1107377]

>>1107376
ASX best market confirmed.

[Anonymous No.1107677]

>>1106984

Oh dear.

You need to do some basic research on the definitions of profit and dividend

[Anonymous No.1108322]

Who /AOP/ here?

Up %12 today (10c)

Will it keep going?

[Anonymous No.1108470]

SGH trading halt? Good or bad news coming monday? Whats biz's verdict?
http://strawpoll.me/6905322

[Anonymous No.1108526]

>>1108470
I hate this stock. Don't care if it's good or bad news

[Anonymous No.1108577]

>>1108322

I think its just you and me bro

Depends on next RNS, theres barely any sellers which is a pretty good sign. I'm already up $200

[Anonymous No.1108578]

>>1108470
>>1108526

lmao. down from $8 to 60c in 1 year and trading suspension

[Anonymous No.1108604]

>>1108577
>I'm already up $200

Nice. This is my first trade so I only put $500 down because I'm still learning and don't want to fuck it up. Sitting at only $83 profit but hopefully good news will come soon

[Anonymous No.1108610]

Anyone trade RAP here?

[Anonymous No.1108618]

>medical cannibus getting through parliament

get on MMJ boys its up 12% today, lots of news articles posted after the close of trading though so more gains tomorrow

[Anonymous No.1108706]

>>1108618
Thanks for the tip faam, didn't even hear it had been passed

[Anonymous No.1108775]

>>1108618
DUDE

[Anonymous No.1109593]

>>1108618

up 6% this morning, What does MMJ do are they going to be chosen as a contractor for supply?

[Anonymous No.1110112]

Perfect time to buy VIT at below 1.90

[Anonymous No.1110286]

>>1106984
>reducing a dividend increases profit

[Anonymous No.1110289]

>tfw NZX dividend season

[Anonymous No.1110370]

what do you ausbros read to improve your /biz/ness accumen? AFR? any books?

[Anonymous No.1110399]

>>1110370
Hang out with jews

[Anonymous No.1110405]

>>1110370
trial and error

[Anonymous No.1110407]

>>1110370
watch wolf of wall street over and over

[Anonymous No.1110431]

>>1110370

Read the Fin Review. Listened to a book called "the intelligent investor" which was fantastic. I'm still 10% down since the start of the year..

[Anonymous No.1110435]

>>1108322
>>1108604

Good day today

[Anonymous No.1110473]

Picked up some blue chips today. Telstra and Westpac. WPAC went out fucking cheap.

[Anonymous No.1110532]

>>1110435
>10% rise 2 days in a row

[Anonymous No.1111552]

>>1108322
>>1108577
>>1110435
>>1110532

Who /AOP/ in here? Not me 18% down today

top lel

[Anonymous No.1111698]

>>1111552
Fuck off cunt. I'm literally on suicide watch.

Still technically have a profit so I'll just cut my losses and move on I guess.

[Anonymous No.1111745]

How do you guys find a reliable peg ratio for asx companies? I cant find a website that says it. Is it just (p/e)/eps?

[Anonymous No.1111746]

>>1111698

Why do you all minspec so much? The least you could do is spec on something like PLS. Mad gains to made there.

[Anonymous No.1111762]

>>1111746
Well it did do well for a bit and i have a few hundred profit. Just didnt sell when i should have. Tell me about PLS

[Anonymous No.1111808]

>>1111762

Doing exploratory work in the Pilbra looking for close to surface lithium deposits. The inside word is that they've found 80mt of it at one of the exploratory sites and they are being sussed out for a buy out buy an american mining giant.

[Anonymous No.1111883]

>>1111552

kek yeah there goes my $300 profit

its still a good buy, i'll wait until the SP drops a bit more and buy back in.

[Anonymous No.1112164]

88E PUSHING 4.8C ON THE LSE

[Anonymous No.1112169]

>>1112164
>I didn't buy that massive dip

[Anonymous No.1112173]

>>1112169
Not him but it's easy to spot a dip once you go over the announcements properly. This happened with ODN last year and at this rate, I don't think I'll need to trade for much longer. CGT can suck my dick though

[Anonymous No.1112174]

>>1111552
now 22%

[Anonymous No.1112187]

>>1112174


thats just a normal day in the life of a penny stock

[Anonymous No.1112189]

>>1112173

you mean you can tell when the market is overreacting?

[Anonymous No.1112201]

>>1112189
Well its more of a commonsense thing most of the time.
Between roughly gauging market sentiment by flitering through online forums/press releases and pouring over a stocks recent trading volume and history/broker data (as well as any annoucements) after a sudden spike, then fall, you can get a good idea of what will happen next.

This is what I do every day after trading finishes, I look for the oppotunities that have yet to sprout, and or, the ones that I missed but will go again.

[Anonymous No.1112959]

>>1112201
Never hurts to share your view bruh.

Hey anyone seen spreadsheet guy? I've piled into the market this week and need to set up a spreadsheet

[Anonymous No.1112971]

Is etrade down for everyone?

[Anonymous No.1113571]

bump

[Anonymous No.1113698]

Is it too late to jump on the 88E train??

[Anonymous No.1114053]

>>1112971
Etrade is down nearly every week lately, time to put it down I think.

[Anonymous No.1114480]

Mandatory bump before trading starts again next week.

Good luck to all. I'm still blue chipping because shit is down as fuck at the moment. Long plays, loooooooooooooooooong loooooooooong looooooooong plays.

And fuck the resource speccies.

[Anonymous No.1115706]

sgh about to fuck rekt today.

[Anonymous No.1116025]

>>1115706

"buy the dip"

[Anonymous No.1116161]

Thoughts on BFC? After reading the announcement I'm tossing between picking either them or OFX up

[Anonymous No.1116172]

>>1115706
And rekt it got. Fucken said it a million times in this thread that this was a turd - I hope the guy above didn't buy in.

>>1116161
OFX long all day erry day in my opinion. There's really no reason why it's below $2.00. Then again, I hold, and have said in this thread several times that I like it.

[Anonymous No.1116177]

>>1106995
>Trusting ghosts to manage an ETF

[Anonymous No.1116181]

Any aus/biz/bros involved much with etfs? Got about 10k which i was going to split into vts, vgs, vgb and vap to hold and about 2-3k to use for some misc trades.

Is this a reasonable idea? I'll be making monthly contributions to the etfs as well.

[Anonymous No.1116192]

>>1116181
If you want to do monthly contributions look into a managed fund so you dont have to pay $30 broker fees every time

[Anonymous No.1116196]

>>1116192

iirc vanguard managed funds are $5k min. plus you pay a spread

>>1116181

7k in vts
2k in veu
1k to play with

[Anonymous No.1116235]

>>1116196
So would it be a better idea to put 5k into a mutual fund that i add to regularly and spread the rest into some etfs which i add a lump sum to every few months?

[Anonymous No.1116247]

>>1116181

Get 25k and go

http://www.montinvest.com/

[Anonymous No.1116266]

>>1116235
maybe like their growth fund

https://www.vanguardinvestments.com.au/retail/jsp/investments/retail?portId=8126##overview-tab

[Anonymous No.1116296]

since 88E is now paying for my house deposit i'm looking for a new small cap

MGC Pharmaceuticals (ASX:MXC)

>$13m market cap
>$10m estimated revenue by the end of the year
>Have patent (or have grown privately?) some super hyper strain of weed that has more THC than usual
>Medical Marijuana legalized in australia
>Rated "undervalued" by Morningstar
>Huge buyer pressure atm, outnumber sellers 3-1

I think I might chuck in $1000 into this, I can see a big gain by the next financial report. Anyone into Biotech?

[Anonymous No.1116311]

Is 88e still a buy?

[Anonymous No.1116313]

>>1116296

>Memejuana

Does the company name stand for Moribund Going Concern?

[Anonymous No.1116324]

>>1116313

as memey as it is, I can see recreational legalization in 10 years

[Anonymous No.1116338]

>>1116313
Have you even been paying attention at all?

The amount of money that shit has made in the US is crazy and now it's starting in australia.

Investing in one of the few medical marijuana producers in Australia at only a few cents a share is pretty much fool proof profit.

[Anonymous No.1116355]

>>1116311

you wont make it in. RNS today and its up to 5.2c on LSE. closed at 4.0c on ASX

[Anonymous No.1116389]

>>1116355
damn son

[Anonymous No.1116569]

>>1116296
I've put a chunk of my money on MGC. I'm personally not too confident in their cosmetic products that they're releasing soon, but at the price it's currently at it seems silly to pass up

[Anonymous No.1116581]

Well, good luck to any meme'ers that actually do trade today.

A nice round 3 from ODN yesterday, let's see if the cookie jar can be skimmed for a fourth time..
Always keep an eye on old winners.

[Anonymous No.1116760]

>>1116338

Once again we have investors assuming that what happens overseas will if course play out similarly in Australia.

The US regulatory regime for medical marijuana is an out-of-control shambles. Australian health regulators will not permit such irresponsible attitudes toward its trade.

[Anonymous No.1116836]

>>1116760
The shift has been made. Cuckolds and snap chat facials. This isn't the same world anymore.

[Anonymous No.1116871]

>>1116296
reasonable logic, i will add it to my portfolio

[Anonymous No.1116882]

Who held on to MSB boys and what is your outlook? Straight to $15?

[Anonymous No.1117125]

>>1116871

Here's a good read

http://www.nextbiotech.com.au/first-revenues-from-mxcs-cannabidiol-cosmetics-line-imminent/

[Anonymous No.1117177]

>>1116296
>more THC than usual

Nope, way less than usual. They did bring up the levels of CDB (Cannabidiol) which isn't psychoactive and won't get you high, it basically is just the medicinal part of marijuana.

[Anonymous No.1117395]

>>1116882

I've held on to mesoblast since 2012

[Anonymous No.1117414]

>>1117395

are you the dude with like -$5000 from holding?

[Anonymous No.1117450]

>>1117414

$5,149 in the red with 4,110 shares held :)

[Anonymous No.1117461]

http://www.asx.com.au/asx/research/company.do#!/SGH

https://www.youtube.com/watch?v=AYtYYdu3eHQ

[Anonymous No.1117464]

>>1117450
it's still got a long way to go before you make a remote profit buddy.

[Anonymous No.1117466]

>>1117464
I've said it before. I'm still confused as to why people don't round out their portfolio with some dividend producing stocks - at least you are getting some return while you are holding on for a bounce.

It's the reason I didn't grab Mesoblast.

Meanwhile, if anyone bought Slaters, I fucking warned you so much. Trash stock.

[Anonymous No.1117474]

this may sound like a retarded question, but is a degree in economics worthwhile if i want to trade shares for the rest of my life?

[Anonymous No.1117499]

>>1117474

I personally think things like technical analysis are useless since a random market announcement can completely change the direction of a stock. what I learned in microeconomics isn't really useful

a knowledge of specific markets is probably better (like predicting that X product will sell well, and finding a good company in that industry. if they announce a profitable quarter the stock will go up), and a good dose of luck

[Anonymous No.1117502]

>>1117466

what sort of dividends are you getting per year?

[Anonymous No.1117511]

>>1117499
hmmm so monetarily speaking is it worth the opportunity cost and 4 years of my life?

[Anonymous No.1117519]

>>1117511

dont forget the $40,000 :^)

[Anonymous No.1117522]

>>1117519
eh i'm not too worried about that, it's an interest free loan that i can pay back in increments over a long time period

[Anonymous No.1117562]

>>1117522
>interest free loan
how?

[Anonymous No.1117565]

>>1117125
Thanks anon, i bought $500 worth today

[Anonymous No.1117592]

>>1117562
under the present nz government, interest free student loans are available boyo + i get a student allowance of $175 a week yeeeeeeeeeeeeeeee boyo

[Anonymous No.1118472]

>>1094911
>>1094917
>>1096379
>>1096386
>>1097619
>>1097674
>>1097726
>>1097789
>>1097809
>>1112164
>>1116296
Hello,

I have recently started a group dedicated to investments. I am only adding a handful of people that provide something of use to the group.

Trolls will not be tolerated and will be kicked out.

If anyone is interested then go ahead and add me on Skype.

The_Resistance CRF

[Anonymous No.1118519]

>>1118472
What about someone who mooches off the group with no investment knowledge

[Anonymous No.1118707]

>>1118519
>>1118472

You mean the whole thread? Only thing of value here was 1 random min spec on 88E that I made a few $100 off and thats been it. Everyone else here seems to be a massive NEET who needs to get into managed funds.

[Anonymous No.1118846]

MSB up 25% today. I need caaasssshhh but I refuse to touch my savings.

[Anonymous No.1118952]

Will ELD ever see success again like it once did?

[Anonymous No.1119190]

>tfw you didn't buy RAP and missed out on the +40% today

[Anonymous No.1119227]

>>1094252
Are most of the people here investing in the short term (mostly speculation) ?, how do you guys just find something "random" to speculate on, news? literally randomly scrolling through stocks?

[Anonymous No.1119229]

>>1118846
I bought in last week and I'm up almost 110%. Not sure if I should sell yet

[Anonymous No.1119238]

>>1119190

You'll get the same opportunity next week, it's a junk share after all

[Anonymous No.1119243]

>>1119227

The biz audience in general has no patience for even basic due diligence practices. To them a long term investment in securities means a set-n-foeget ETF.

In fact if you asked posters for their idea of 'long term' you'd probably get an average time frame of 12 months

[Anonymous No.1119250]

>>1119243
What would your idea of a long term strategy/portfolio be? Genuinely interested. I was about to set up 4 etfs (vanguard) but still trying to get all the info/options i can before doing anything.

[Anonymous No.1119281]

>>1119250

For a growth company <$300m market cap: 4+ years;
For a mature company with a large diversified revenue base (Coke, Ansell, etc): 10–15 years;
For ETFs, provided they are broad-based and not modelled on some silly 'strategy', 10+ years

You should be aware that your superannuation is also an investment fund. Australia's super industry features one of the world's highest exposures to shares, which includes generous investment in ASX-listed shares. Duplication therefore becomes an issue.

[Anonymous No.1119294]

>>1119243
So basically theyre just speculators just as bad as crypto shills?

[Anonymous No.1119313]

What would you do with $1,000 AUD?

I'm with NAB and I am thinking about opening a nabtrade account with a $15/trade brokerage fee.

I'm aware that $1,000 is not much but I'm willing to play with it and I would not be in a worse position if I lost it.

I was thinking of putting $500 into 88E and $500 into MXC. Two meme stocks shilled on /biz/.

What do you think?

[Anonymous No.1119315]

>>1119313
>Buying memes
>What do you think?

What do you think?

[Anonymous No.1119320]

>>1119313
You might want to try 20FREE60 in the coupon slot itll tell you that you got 20 free trades. When I went to buy something it told me the brokerage fee was going to be charged so I couldn't buy 500 of shares I had to buy 480~. But after settlement I still have 20 in cash.

BTW that's GST exclusive you'll pay 10% more on each trade.

[Anonymous No.1119330]

>>1119315

I don't know. I'm new and shilling works on me.

>>1119320

Thanks for the tip. I wasn't aware of the GST so I'll keep that in mind.

[Anonymous No.1119334]

>>1110473
Anyone follow my lead on this? If you bought WPAC, you'd be up - I got in at $28.20 and its currently $30.69...

[Anonymous No.1119337]

>>1119330
Just go put it on all on red, youre just gambling at this point

[Anonymous No.1119338]

>>1119250
Blue chips that yield dividends whilst they go up and down. Set targets and sell once those targets are set. I'm currently playing with a -10% loss for sell and +15% gain to sell.

Rinse and repeat. Not for everyone I know, but if you buy bluechips that don't move beyond those targets, you'll at least get some income off them as you move forward

[Anonymous No.1119389]

>>1119313
>88E

I reckon it's peaked. It was up like 10% everyday until today it was down

[Anonymous No.1119396]

>>1119389
Huh?

[Anonymous No.1119629]

>>1119389

lol

there's so much more news to be released to derisk it, and they have to actually PRODUCE something

no way has it peaked. if they release some RNS which says "fuck we cant get any oil out sorry guys" then its trashed yes

[Anonymous No.1119630]

>>1119313

those are not meme stocks shilled on, i'm the only one posting about it

[Anonymous No.1119635]

i think IBG its gonna sky rocket over the next 2 months. they have a huge mine in greenland they're getting a mining licence for and zinc is rallying atm. should be dropping the news in 2-3 months. its already up 10% today

[Anonymous No.1120140]

>>1119635

>mine
>greenland
>zinc

#peopleneverlearn

[Anonymous No.1120425]

>>1119635
Bruh got a Facebook or skype we can scheme like jews on, i like your can do attitude

[Anonymous No.1121245]

Bumpity bump from the 8th page.

Good day on the markets, OFX finally back up over $2 (told you so)

[Anonymous No.1121248]

>>1094252
https://www.youtube.com/watch?v=j7ruLqU_ndw

[Anonymous No.1121254]

And in a warning for all you speccie resource fellas, go look at TON today

[Anonymous No.1121331]

>>1121245
Bruh

[Anonymous No.1121355]

>>1121331

White collar crime: it simply doesn't matter.

[Anonymous No.1121356]

>>1121254

White collar crime: it simply doesn't matter.

[Anonymous No.1122676]

Thanks you beautiful ozy bastards for the work you're doing on 88e, love: LSE

[Anonymous No.1123196]

gents, how are your portfolios fairing today?

[Anonymous No.1123198]

>>1123196
Mainly got some etfs, bit shit today.

[Anonymous No.1123202]

>>1123196
I bought 500 of nab when it was 24.28 a couple of weeks ago. First ever trade.

[Anonymous No.1123204]

>>1123198
>>1123202

mine are doing shit too, only IBG is doing well

[Anonymous No.1123250]

>>1123196
OOO and STNG down slightly.

[Anonymous No.1123259]

>>1123196
88E. These Ethcucks can keep their coins. I'm sitting on 4 bags in under a month.

[Anonymous No.1123283]

>>1123259
Amen brother. My 2200 investment is now worth 9000. I derisked at 3.9 so I'm free carrying with almost exactly 100000 shares. If the SP is 5c i have $5000 free bucks

[Anonymous No.1123287]

>>1123204

IBG will take a few months but it'll get there

[Anonymous No.1123301]

>>1123283
Yea, I've put a 10% trailing stop on it just in-case I'm not watching on Monday and it goes down but I'll be ready to sell if it dips and looking to buy back in when it turns around again.

I put 10k on it at 1c. Tax can suk mi dik

[Anonymous No.1123358]

>>1123196

wasn't an awesome day as I own QAN and STO. looking to exist QAN soon as I've made 30% in less then 12 months. STO I'm down massive its pretty much a hold or wait for buy out with them.

[Anonymous No.1123417]

>>1123301
Holy fuck nice. Hold it for over a year and you'll get a 50 percent discount on the tax. What made you gamble so much money on it?