Coronavirus scare causing markets to fall

[Citroënbender]

This is great reading.

I come from a background of people so risk-averse they actually damage their assets by under-committing.

[Peuty]

Solid past few days on the markets - ASX200 the highest it has been since the pandemic in March last year and seems to be rallying on the back of the new Biden administration.

I wonder how all those folk posting previously about buying gold and putting their cash under their beds are going?

edit: Not to mention those worried about their super who switched to Cash at the completely wrong time...

[hayseed]

Originally Posted by Peuty

Solid past few days on the markets - ASX200 the highest it has been since the pandemic in March last year and seems to be rallying on the back of the new Biden administration.

I wonder how all those folk posting previously about buying gold and putting their cash under their beds are going?

edit: Not to mention those worried about their super who switched to Cash at the completely wrong time...

^^^^Exactly^^^^

[Bossxr8]

Originally Posted by Peuty

Solid past few days on the markets - ASX200 the highest it has been since the pandemic in March last year and seems to be rallying on the back of the new Biden administration.

I wonder how all those folk posting previously about buying gold and putting their cash under their beds are going?

edit: Not to mention those worried about their super who switched to Cash at the completely wrong time...

What are you expecting to happen when Biden starts locking down the country due to covid though? Can only imagine what that will do to the US economy.

[Peuty]

Yeah I get what you are saying, but from the tracking I have been doing, apart from the initial shock at the start of the pandemic, lockdowns haven't seemed to have had that much of an impact at all. The ASX, Dow, Nikkei, Hang Seng, FTSE etc have all recovered and remain reasonably strong.

To your point though, the US hasn't really had a hard lockdown before, so I guess we will wait and see. Regardless, it's certainly hasn't been the doom and gloom that some had predicted way back in March.

[MITCHAY]

Originally Posted by Peuty

Solid past few days on the markets - ASX200 the highest it has been since the pandemic in March last year and seems to be rallying on the back of the new Biden administration.

I wonder how all those folk posting previously about buying gold and putting their cash under their beds are going?

edit: Not to mention those worried about their super who switched to Cash at the completely wrong time...

My super is going great guns and I'm only in a balanced option. I probably should have split at least some into high growth but oh well

I definitely lost money in the Covid downturn (I had less money than I contributed) in the last half but still more than the previous FY, but it has now swung the other way in that my earnings YTD are far outstripping my contributions by a lot.

[buggerlugs]

Now $149.00

https://www.marketindex.com.au/asx/apt

[Yellow_Festiva]

Originally Posted by buggerlugs

Now $149.00

https://www.marketindex.com.au/asx/apt

Wow... amazing price rise there.

The radio was talking about a company that went up 5,000% in the last year. They are involved with lithium I think?

Vulcan was their name I believe.

Five.... thousand.... percent.... yikes.

[buggerlugs]

Originally Posted by Yellow_Festiva

Wow... amazing price rise there.

The radio was talking about a company that went up 5,000% in the last year. They are involved with lithium I think?

Vulcan was their name I believe.

Five.... thousand.... percent.... yikes.

https://www.marketindex.com.au/asx/vul

[hayseed]

Originally Posted by buggerlugs

Now $149.00

https://www.marketindex.com.au/asx/apt

And has never paid a Dividend...

[au2xr85.0]

Any micro forex traders in here? i'm looking to try it out, curious of the strategies used by these brokers.

[Romulus]

Originally Posted by hayseed

And has never paid a Dividend...

Yep. It's a $40b promise effectively.

[Romulus]

Originally Posted by buggerlugs

https://www.marketindex.com.au/asx/vul

Yep, up 7789%.

These type (SFR, QGC, VUL, CHN) of securities are the types that turn your average small cap trader willing to put $50-$100k on the line into multi millionaires.

Anything that bags 20-50 fold when you've got a minimum of 1/2 million heads will make you wheelbarrows full of cash

REE, Lithium is the next tech stock.

[Romulus]

Originally Posted by au2xr85.0

Any micro forex traders in here? i'm looking to try it out, curious of the strategies used by these brokers.

Nup, too risky

Just read the small print on Plus 500 and eTorro, 76% of retail investors lose more than their initial investment.

You can make a fortune though if you know how to trade.

[T3rminator]

Originally Posted by Romulus

Nup, too risky

Just read the small print on Plus 500 and eTorro, 76% of retail investors lose more than their initial investment.

You can make a fortune though if you know how to trade.

Stay away from Plus500, there are reports of some pretty dodgy practices there even though they are regulated. I had read about them and thought it was just sore losers bagging out the platform, until I experienced it first hand. I had positions in Ethereum when it was in the 300s last year, then one day it took a massive dive, hit my stop loss, then rebounded and never looked back. There are reports of this happening for people who take sizable positions. The dive can just be for a split second.

You know something doesn't smell right when they offer "online gambling" style rewards i.e. deposit x and we'll give you x bonus which you need to turnover x number of times!

Rom is right, you can make good $$$ trading the traditional way.

[CJR09]

Originally Posted by T3rminator

Stay away from Plus500, there are reports of some pretty dodgy practices there even though they are regulated. I had read about them and thought it was just sore losers bagging out the platform, until I experienced it first hand. I had positions in Ethereum when it was in the 300s last year, then one day it took a massive dive, hit my stop loss, then rebounded and never looked back. There are reports of this happening for people who take sizable positions. The dive can just be for a split second.

You know something doesn't smell right when they offer "online gambling" style rewards i.e. deposit x and we'll give you x bonus which you need to turnover x number of times!

Rom is right, you can make good $$$ trading the traditional way.

Agree - I had the same happen with etorro

Whilst I have made plenty - I had a similar experience with xrp, cost me 10k.

The convenience is great but there is a price you pay - the spreads are worse and i swear they are slower to respond when it's rising but quicker to show the loss

I use a local outfit now - mostly sick to funds with half doz selected companies - easier and don't waste so much time keeping an eye on everything and still averaging about 20pc pa

[MITCHAY]

So what do we think of this whole GameStop situation going on?

We all know that a lot of people take a dim view of shorts but these funds know that it is risky to take these positions because the loss is technically infinite.

Since a huge amount of individual traders have got together to put it to them, it has now become a story whereas I doubt we'd hear about it in the mainstream had another fund done the same thing

[Bossxr8]

Originally Posted by MITCHAY

So what do we think of this whole GameStop situation going on?

We all know that a lot of people take a dim view of shorts but these funds know that it is risky to take these positions because the loss is technically infinite.

Since a huge amount of individual traders have got together to put it to them, it has now become a story whereas I doubt we'd hear about it in the mainstream had another fund done the same thing

I say ead to all the hedge funds that lost money. The pricks are crying poor because ordinary people used their tactics against them.

[MITCHAY]

Originally Posted by Bossxr8

I say ead to all the hedge funds that lost money. The pricks are crying poor because ordinary people used their tactics against them.

That is my view too. The funds use their huge amount of capital to bend the markets all the time.

As soon as a collective forms to counter it, then there's whinging about the ethics of it

[zipping]

Just saw pre-market GME at $420. They can’t stop the hold.

The Reddit guys took an opportunity to squeeze the life out of a hedge fund that was taking an opportunity to squeeze the life out of a stock. Now the financial establishment is engaging in special pleading.

FMD 140% of stocks were shorted, any stock with that sort of short interest deserves a looksee.

[MITCHAY]

It smacks of hypocrisy. Protect the big guys from getting ****ed in the ****, and what all the little guys have done is the worse thing on the earth

[zipping]

Originally Posted by MITCHAY

It smacks of hypocrisy. Protect the big guys from getting ****ed in the ****, and what all the little guys have done is the worse thing on the earth

Losses of 14.3 billion just yesterday for the shorters, excluding any other losses I think.

On the good side, from the original thread there is a long time investor who has been bullish the stock the whole way. Initial investment of 50k and been reinvesting, yesterday his stock was worth 40 mill, good luck to him.

[MITCHAY]

Originally Posted by zipping

Losses of 14.3 billion just yesterday for the shorters, excluding any other losses I think.

On the good side, from the original thread there is a long time investor who has been bullish the stock the whole way. Initial investment of 50k and been reinvesting, yesterday his stock was worth 40 mill, good luck to him.

I hope he was able to close that, set them and all the family they didn't know existed for a couple of life times .

Part of the controversy was an app putting in trading halt due to market volatility, freezing out the little guy while the big wigs just keep doing what they do every day on their platforms.

[Romulus]

Any APT holders? Peaked on 10th February near $160, closed at $119 on Friday. Some speculators still think its $100 overvalued. APT is a $34B promisory note.

Reserve banks are throwing everything including the kitchen sink to try and keep inflation under control. Hope they're able to otherwise the housing sector is doomed.

[M&Ms]

Originally Posted by Romulus

Any APT holders? Peaked on 10th February near $160, closed at $119 on Friday. Some speculators still think its $100 overvalued. APT is a $34B promisory note.

Reserve banks are throwing everything including the kitchen sink to try and keep inflation under control. Hope they're able to otherwise the housing sector is doomed.

Yep.

Keep in mind at $119 it's still 3x it's pre-covid levels (it dropped to a low of $9 briefly when all stocks collapsed in late march 2020). Lot's of people want it written off, but I think it'll ultimately be a $250+ share. APT's global expansion is only just beginning.

[Citroënbender]

Nudging this thread, post-Afterpay announcement. Five months on; almost half a year and it feels like we’re simply treading water. In denial about spending, all parties unwilling to gently throttle housing…

[au2xr85.0]

well my super has rebounded even though the industry is still hurting from lockdowns, i'm seeing a $22.5k growth from my Australian Super Fund just on the last FY

[FTE217]

Originally Posted by Romulus

Yep, up 7789%.

These type (SFR, QGC, VUL, CHN) of securities are the types that turn your average small cap trader willing to put $50-$100k on the line into multi millionaires.

Anything that bags 20-50 fold when you've got a minimum of 1/2 million heads will make you wheelbarrows full of cash

REE, Lithium is the next tech stock.

5 family members went into VUL @ 0.32c June '20

[M&Ms]

Originally Posted by Citroënbender

Nudging this thread, post-Afterpay announcement. Five months on; almost half a year and it feels like we’re simply treading water. In denial about spending, all parties unwilling to gently throttle housing…

The team at Square definitely gave APT the little boost it needed. It closed at $97 on Friday, Today it's $127... Easy money for some

[lumen8]

Telstra is less of a terd today, ive been bag holding for 4 years, am finally breaking even... time to flick it off soon.

Must go read why it went up, saw theyre doing a share buy back and an (expected) 8c dividend, didnt delve into the deets yet.